ShotSpotter Inc. (SSTI) Research Coverage Started at Imperial Capital
Imperial Capital began coverage on shares of ShotSpotter Inc. (NASDAQ:SSTI) in a report issued on Thursday morning, MarketBeat reports. The firm issued an outperform rating and a $16.00 price objective on the stock.
Other equities analysts have also issued research reports about the company. Roth Capital initiated coverage on ShotSpotter in a research note on Monday, July 10th. They set a buy rating and a $18.00 price objective for the company. Northland Securities initiated coverage on ShotSpotter in a research note on Monday, July 3rd. They set an outperform rating and a $16.00 price objective for the company.
Shares of ShotSpotter (NASDAQ SSTI) traded up 0.808% during mid-day trading on Thursday, reaching $12.097. The company’s stock had a trading volume of 2,359 shares. ShotSpotter has a 12-month low of $11.61 and a 12-month high of $15.36. The firm’s 50-day moving average price is $13.62 and its 200 day moving average price is $13.62. The firm’s market cap is $19.63 million.
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In other ShotSpotter news, insider Ralph A. Clark purchased 13,636 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of $11.00 per share, for a total transaction of $149,996.00. Following the purchase, the insider now directly owns 13,636 shares in the company, valued at $149,996. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary M. Lauder purchased 91,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was acquired at an average price of $11.00 per share, with a total value of $1,001,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 113,726 shares of company stock valued at $1,250,986 in the last quarter.
Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of ShotSpotter during the second quarter valued at $2,577,000. Trellus Management Company LLC acquired a new position in shares of ShotSpotter during the second quarter valued at $1,112,000. Spark Investment Management LLC acquired a new position in shares of ShotSpotter during the second quarter valued at $231,000. Finally, K.J. Harrison & Partners Inc acquired a new position in shares of ShotSpotter during the second quarter valued at $128,000. Hedge funds and other institutional investors own 4.36% of the company’s stock.
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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