Insider Selling: Shotspotter Inc (NASDAQ:SSTI) VP Sells 1,911 Shares of Stock

Shotspotter Inc (NASDAQ:SSTI) VP Joseph O. Hawkins sold 1,911 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $22.04, for a total transaction of $42,118.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SSTI stock traded up $1.97 during mid-day trading on Friday, hitting $31.88. The company had a trading volume of 224,484 shares, compared to its average volume of 159,326. The firm has a market cap of $334.03 and a price-to-earnings ratio of -55.93. Shotspotter Inc has a 12 month low of $9.33 and a 12 month high of $33.00.

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Shotspotter (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.19). The business had revenue of $6.52 million for the quarter, compared to analyst estimates of $5.96 million. The business’s revenue for the quarter was up 43.2% on a year-over-year basis. analysts expect that Shotspotter Inc will post -0.28 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in shares of Shotspotter in the second quarter valued at approximately $181,000. Granite Investment Partners LLC bought a new stake in shares of Shotspotter in the fourth quarter valued at approximately $782,000. Price Michael F bought a new stake in shares of Shotspotter in the fourth quarter valued at approximately $4,104,000. Gilder Gagnon Howe & Co. LLC raised its position in shares of Shotspotter by 139.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,753,848 shares of the company’s stock valued at $24,642,000 after purchasing an additional 1,021,066 shares during the period. Finally, Foster Dykema Cabot & Co. Inc. MA bought a new stake in shares of Shotspotter in the fourth quarter valued at approximately $1,531,000. 42.52% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Shotspotter from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 29th. Roth Capital boosted their price target on shares of Shotspotter from $27.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, March 27th. Zacks Investment Research cut shares of Shotspotter from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Imperial Capital restated an “outperform” rating and set a $24.00 price target (up from $19.75) on shares of Shotspotter in a report on Thursday, February 22nd. Finally, Northland Securities boosted their price target on shares of Shotspotter from $20.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Shotspotter presently has a consensus rating of “Buy” and an average target price of $25.50.

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About Shotspotter

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.

Insider Buying and Selling by Quarter for Shotspotter (NASDAQ:SSTI)

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