System1, Inc. (NYSE:SST) Major Shareholder Sells $552,000.00 in Stock

System1, Inc. (NYSE:SSTGet Rating) major shareholder Cannae Holdings, Inc. sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $11.04, for a total value of $552,000.00. Following the transaction, the insider now owns 25,699,405 shares in the company, valued at approximately $283,721,431.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Cannae Holdings, Inc. also recently made the following trade(s):

  • On Thursday, May 19th, Cannae Holdings, Inc. sold 22,079 shares of System1 stock. The stock was sold at an average price of $11.01, for a total value of $243,089.79.
  • On Monday, May 2nd, Cannae Holdings, Inc. sold 84,637 shares of System1 stock. The stock was sold at an average price of $12.79, for a total value of $1,082,507.23.
  • On Friday, April 29th, Cannae Holdings, Inc. sold 350,000 shares of System1 stock. The stock was sold at an average price of $12.88, for a total value of $4,508,000.00.
  • On Wednesday, April 27th, Cannae Holdings, Inc. sold 150,000 shares of System1 stock. The stock was sold at an average price of $13.82, for a total value of $2,073,000.00.
  • On Friday, April 22nd, Cannae Holdings, Inc. sold 50,929 shares of System1 stock. The stock was sold at an average price of $14.02, for a total value of $714,024.58.
  • On Tuesday, April 19th, Cannae Holdings, Inc. sold 563,264 shares of System1 stock. The stock was sold at an average price of $13.99, for a total value of $7,880,063.36.

Shares of NYSE SST traded down $0.20 during midday trading on Thursday, reaching $10.99. 256,928 shares of the company’s stock were exchanged, compared to its average volume of 1,853,386. System1, Inc. has a 52-week low of $7.70 and a 52-week high of $37.10. The stock’s fifty day moving average price is $15.53.

A number of analysts have recently issued reports on SST shares. Evercore ISI reaffirmed a “hold” rating and set a $14.00 target price on shares of System1 in a research report on Friday, May 13th. DA Davidson lifted their target price on System1 from $23.00 to $26.00 in a research report on Wednesday, April 6th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of System1 during the first quarter worth about $84,000. Penserra Capital Management LLC bought a new stake in System1 in the first quarter valued at about $93,000. Royal Bank of Canada bought a new stake in System1 in the first quarter valued at about $188,000. Goldman Sachs Group Inc. bought a new stake in System1 in the first quarter valued at about $841,000. Finally, Citigroup Inc. bought a new stake in System1 in the first quarter valued at about $1,145,000.

About System1 (Get Rating)

System1, Inc develops technology and data science to operate responsive acquisition marketing platform. The company also operates a real-time coupon code search engine and directory that offers coupon destinations for online shoppers. It serves customers in the areas of health, subscription, finance, insurance, business and technology, travel, auto, and other direct-to-consumer businesses.

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