Ralph A. Clark Buys 2,000 Shares of ShotSpotter Inc. (SSTI) Stock
ShotSpotter Inc. (NASDAQ:SSTI) insider Ralph A. Clark bought 2,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were acquired at an average cost of $14.27 per share, with a total value of $28,540.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of ShotSpotter Inc. (SSTI) opened at $13.83 on Wednesday. ShotSpotter Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $20.15.
ShotSpotter (NASDAQ:SSTI) last posted its earnings results on Tuesday, November 7th. The company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $6.80 million during the quarter, compared to analysts’ expectations of $5.66 million. During the same period in the previous year, the firm posted ($0.96) earnings per share. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. research analysts forecast that ShotSpotter Inc. will post -0.6 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSTI. Goldman Sachs Group Inc. acquired a new stake in shares of ShotSpotter in the 2nd quarter worth approximately $181,000. Archon Capital Management LLC purchased a new stake in ShotSpotter in the 3rd quarter valued at approximately $227,000. Spark Investment Management LLC purchased a new position in shares of ShotSpotter during the 2nd quarter worth $231,000. Harvey Partners LLC lifted its stake in shares of ShotSpotter by 176.2% during the 3rd quarter. Harvey Partners LLC now owns 50,000 shares of the company’s stock worth $673,000 after purchasing an additional 31,900 shares during the period. Finally, Timpani Capital Management LLC purchased a new position in shares of ShotSpotter during the 2nd quarter worth $885,000. Institutional investors own 24.36% of the company’s stock.
Several research firms have issued reports on SSTI. Northland Securities reissued a “buy” rating and set a $20.00 target price on shares of ShotSpotter in a research note on Friday, November 10th. Zacks Investment Research raised ShotSpotter from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Saturday, September 23rd. Imperial Capital set a $20.00 target price on ShotSpotter and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Roth Capital boosted their target price on ShotSpotter from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th.
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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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