Shotspotter Inc (NASDAQ:SSTI) major shareholder Motorola Solutions, Inc. sold 949,779 shares of Shotspotter stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total value of $14,246,685.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Shotspotter Inc (NASDAQ SSTI) opened at $17.07 on Friday. Shotspotter Inc has a twelve month low of $9.33 and a twelve month high of $20.15.

Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $6.80 million during the quarter, compared to analyst estimates of $5.66 million. During the same quarter in the previous year, the firm posted ($0.96) earnings per share. The company’s quarterly revenue was up 70.0% on a year-over-year basis. analysts anticipate that Shotspotter Inc will post -0.6 EPS for the current fiscal year.

SSTI has been the subject of several recent analyst reports. Zacks Investment Research upgraded Shotspotter from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Saturday, September 23rd. Northland Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Shotspotter in a report on Friday, November 10th. Roth Capital lifted their price objective on 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 objective on Shotspotter and gave the stock a “buy” rating in a report on Wednesday, November 15th.

A number of hedge funds have recently bought and sold shares of the stock. Harvey Partners LLC boosted its holdings in Shotspotter by 176.2% in the 3rd quarter. Harvey Partners LLC now owns 50,000 shares of the company’s stock worth $673,000 after buying an additional 31,900 shares during the last quarter. Archon Capital Management LLC acquired a new stake in Shotspotter in the 3rd quarter worth about $227,000. Russell Investments Group Ltd. boosted its holdings in Shotspotter by 2.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock worth $2,776,000 after buying an additional 4,931 shares during the last quarter. Trellus Management Company LLC boosted its holdings in Shotspotter by 5.8% in the 3rd quarter. Trellus Management Company LLC now owns 91,910 shares of the company’s stock worth $1,236,000 after buying an additional 5,000 shares during the last quarter. Finally, Castleark Management LLC acquired a new stake in Shotspotter in the 2nd quarter worth about $2,110,000. Institutional investors own 24.36% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Motorola Solutions, Inc. Sells 949,779 Shares of Shotspotter Inc (SSTI) Stock” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/motorola-solutions-inc-sells-949779-shares-of-shotspotter-inc-ssti-stock/1806536.html.

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.

Receive News & Ratings for Shotspotter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shotspotter and related companies with MarketBeat.com's FREE daily email newsletter.