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.
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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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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