Motorola Solutions, Inc. Sells 949,779 Shares of Shotspotter Inc (SSTI) Stock
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.
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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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