Shotspotter Inc (NASDAQ:SSTI) saw unusually-high trading volume on Thursday . Approximately 1,433,400 shares were traded during trading, an increase of 403% from the previous session’s volume of 285,000 shares.The stock last traded at $16.07 and had previously closed at $15.72.

SSTI has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Shotspotter from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Roth Capital increased their target price on Shotspotter from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Imperial Capital set a $20.00 target price on Shotspotter and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Northland Securities reiterated a “buy” rating and set a $20.00 target price on shares of Shotspotter in a research report on Friday, November 10th.

The company has a market capitalization of $167.67 and a PE ratio of -18.91.

Shotspotter (NASDAQ:SSTI) last posted its earnings results on Tuesday, November 7th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The firm had revenue of $6.80 million for the quarter, compared to the consensus estimate of $5.66 million. The firm’s revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.96) earnings per share. analysts expect that Shotspotter Inc will post -0.6 EPS for the current year.

In related news, CFO Alan R. Stewart purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average cost of $13.53 per share, for a total transaction of $40,590.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ralph A. Clark purchased 2,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of $14.27 per share, with a total value of $28,540.00. The disclosure for this purchase can be found here.

A number of hedge funds have recently added to or reduced their stakes in SSTI. Prudential PLC purchased a new stake in Shotspotter in the second quarter worth $3,837,000. Castleark Management LLC purchased a new stake in Shotspotter in the second quarter worth $2,110,000. Manatuck Hill Partners LLC purchased a new stake in Shotspotter in the second quarter worth $1,663,000. Federated Investors Inc. PA purchased a new stake in Shotspotter in the second quarter worth $1,151,000. Finally, Harvey Partners LLC increased its stake in Shotspotter by 176.2% in the third 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. Institutional investors and hedge funds 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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