ShotSpotter Inc. (NASDAQ:SSTI) insider Ralph A. Clark purchased 2,000 shares of ShotSpotter stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $14.27 per share, with a total value of $28,540.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
ShotSpotter Inc. (SSTI) traded down $0.33 during mid-day trading on Monday, hitting $13.56. 85,984 shares of the stock were exchanged, compared to its average volume of 104,594. ShotSpotter Inc. has a twelve month low of $9.33 and a twelve month high of $20.15.
ShotSpotter (NASDAQ:SSTI) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $6.80 million for the quarter, compared to analyst estimates of $5.66 million. During the same quarter in the prior year, the firm earned ($0.96) EPS. The firm’s revenue was up 70.0% compared to the same quarter last year. analysts forecast that ShotSpotter Inc. will post -0.6 EPS for the current fiscal year.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of ShotSpotter from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Saturday, September 23rd. Northland Securities reiterated a “buy” rating and issued a $20.00 target price on shares of ShotSpotter in a report on Friday, November 10th. Roth Capital boosted their target price on shares of ShotSpotter from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Imperial Capital set a $20.00 price target on shares of ShotSpotter and gave the company a “buy” rating in a report on Wednesday, November 15th.
Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in ShotSpotter in the 2nd quarter valued at approximately $2,577,000. Prudential PLC bought a new stake in ShotSpotter in the second quarter worth approximately $3,837,000. Goldman Sachs Group Inc. bought a new stake in ShotSpotter in the second quarter worth approximately $181,000. Timpani Capital Management LLC bought a new stake in ShotSpotter in the second quarter worth approximately $885,000. Finally, Castleark Management LLC bought a new stake in ShotSpotter in the second quarter worth approximately $2,110,000. Hedge funds and other institutional investors own 24.36% of the company’s stock.
ShotSpotter Company Profile
ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.
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