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Insiders at System1, Inc. (NYSE:SST), a company specializing in computer programming and data processing services, have recently increased their stake in the company through a series of transactions. The transactions took place on March 15, 2024 and March 19, 2024, according to the company's most recent Form 4 filing with the Securities and Exchange Commission.
The reporting party is identified as Mr. Blend Stanley, who is affiliated with the company as a 10% owner and purchased a total of 11,613 shares of Class A common stock at an average price of $1.42 per share. The total amount invested in these transactions was $16,490. This purchase was made pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting party, indicating that the transaction was pre-planned and was not based on material non-public information at the time of the purchase. Masu.
The stock was purchased in multiple trades at prices ranging from $1.41 to $1.42. Following these transactions, the total number of shares owned by Blend Stanley is now 6,625,215 shares. Notably, the shares are held indirectly through the Lone Star Friends Trust, with Blend Stanley acting as trustee with sole voting and dispositional rights to the assets.
Form 4 filings provide transparency into the actions of company insiders and give investors a glimpse into investment trends. Such transactions are often closely monitored by market participants as they can give insight into insider views on a company's future prospects.
Investors interested in System1's stock performance and insider transactions can continue to monitor SEC filings and company announcements for further information.
Investment Pro Insights
With recent insider activity in System1, Inc. (NYSE:SST) attracting attention, it is important to consider the company's broader financial health. The latest data from InvestingPro reveals a mixed picture. System1's market capitalization is $127.71 million, a relatively small amount reflecting the company's current valuation in the market. Additionally, the price-to-earnings ratio (P/E) is -0.58, indicating that investors have not received a return on their investment and the company is not currently profitable. This is further supported by the trailing 12-month adjusted P/E ratio of -1.5 as of Q4 2023.
Taking a closer look at System1's performance, it reports revenue of $401.97 million for the trailing twelve months as of Q4 2023, which represents a significant 39.55% QoQ decline. This slowdown in earnings growth is an important factor to consider, especially for potential investors. investment pro tips These indicate that the company is rapidly burning through cash and suffering from low gross profit margins (11.62%).
Furthermore, the stock price has fallen significantly, with a one-week total return of -12.35% and a three-month total return of -44.96%. These numbers suggest that near-term market sentiment towards the company's stock is bearish. It's also important to note that System1 does not pay dividends to shareholders, which can be a deterrent for income-seeking investors.
For those looking to learn more about System1's financial health and share price performance, we have additional information for you. investment pro tips It can provide further insight into the company's future prospects. To explore these tips and get a more comprehensive understanding, investors can use coupon codes. pro news 24 Get an additional 10% off annual or biennial Pro and Pro+ subscriptions at https://www.investing.com/pro/SST. InvestingPro now has 13 more tips to help investors make more informed decisions.
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