System1, Inc. (NYSE:SST) Major Shareholder Cannae Holdings, Inc. Sells 16,165 Shares

System1, Inc. (NYSE:SSTGet Rating) major shareholder Cannae Holdings, Inc. sold 16,165 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $10.64, for a total value of $171,995.60. Following the completion of the transaction, the insider now directly owns 25,450,559 shares in the company, valued at approximately $270,793,947.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more 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 shares were sold at an average price of $11.01, for a total value of $243,089.79.
  • On Tuesday, May 17th, Cannae Holdings, Inc. sold 50,000 shares of System1 stock. The stock was sold at an average price of $11.04, for a total transaction of $552,000.00.
  • 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 transaction of $1,082,507.23.
  • On Friday, April 29th, Cannae Holdings, Inc. sold 350,000 shares of System1 stock. The shares were sold at an average price of $12.88, for a total transaction of $4,508,000.00.
  • On Wednesday, April 27th, Cannae Holdings, Inc. sold 150,000 shares of System1 stock. The shares were sold at an average price of $13.82, for a total transaction 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 transaction of $714,024.58.
  • On Tuesday, April 19th, Cannae Holdings, Inc. sold 563,264 shares of System1 stock. The shares were sold at an average price of $13.99, for a total value of $7,880,063.36.

System1 stock traded down $0.46 during midday trading on Monday, reaching $10.19. The company’s stock had a trading volume of 408,967 shares, compared to its average volume of 1,825,704. The firm’s 50-day moving average is $15.30. System1, Inc. has a 52 week low of $7.70 and a 52 week high of $37.10.

Several equities research analysts have recently commented on SST shares. Evercore ISI reissued a “hold” rating and issued a $14.00 price objective on shares of System1 in a report on Friday, May 13th. DA Davidson increased their target price on System1 from $23.00 to $26.00 in a research note on Wednesday, April 6th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cannae Holdings Inc. bought a new stake in shares of System1 in the 1st quarter valued at $394,407,000. BlackRock Inc. bought a new position in shares of System1 in the 1st quarter worth $3,514,000. Vanguard Group Inc. acquired a new position in shares of System1 during the first quarter valued at about $3,438,000. State Street Corp acquired a new position in System1 during the 1st quarter valued at about $1,475,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in System1 during the first quarter worth $1,473,000.

System1 Company Profile (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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Insider Buying and Selling by Quarter for System1 (NYSE:SST)

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