Cee Holdings Trust Purchases 66,290 Shares of System1, Inc. (NYSE:SST) Stock

System1, Inc. (NYSE:SST) major shareholder Cee Holdings Trust bought 66,290 shares of the company’s stock in a transaction on Monday, July 1st. The shares were acquired at an average price of $1.44 per share, with a total value of $95,457.60. Following the completion of the acquisition, the insider now directly owns 8,427,836 shares in the company, valued at approximately $12,136,083.84. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Cee Holdings Trust also recently made the following trade(s):

• On Friday, June 28th, Cee Holdings Trust bought 23,136 shares of System1 stock. The shares were acquired at an average price of $1.45 per share, with a total value of $33,547.20.
• On Wednesday, June 26th, Cee Holdings Trust bought 43,307 shares of System1 stock. The shares were acquired at an average price of $1.45 per share, with a total value of $62,795.15.
• On Monday, June 24th, Cee Holdings Trust purchased 1,200 shares of System1 stock. The shares were purchased at an average price of $1.45 per share, with a total value of $1,740.00.
• On Thursday, June 20th, Cee Holdings Trust purchased 2,382 shares of System1 stock. The shares were purchased at an average price of $1.45 per share, with a total value of $3,453.90.

System1 Price Performance

SST opened at $1.45 on Thursday. The company’s 50 day simple moving average is $1.52 and its 200 day simple moving average is $1.75. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.79 and a quick ratio of 1.79. System1, Inc. has a 1 year low of $1.04 and a 1 year high of $4.53.

System1 (NYSE:SST) last released its earnings results on Thursday, May 9th. The company reported ($0.45) earnings per share (EPS) for the quarter. System1 had a negative return on equity of 42.08% and a negative net margin of 49.23%. The company had revenue of $84.92 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lowered their price target on shares of System1 from $3.00 to $2.00 and set an “in-line” rating for the company in a report on Tuesday, March 19th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in System1 stock. Arbor Trust Wealth Advisors LLC raised its holdings in shares of System1, Inc. (NYSE:SST) by 91.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,950 shares of the company’s stock after buying an additional 10,000 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in System1 were worth $47,000 at the end of the most recent reporting period. 87.50% of the stock is owned by hedge funds and other institutional investors.

About System1

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.