Price Michael F bought a new stake in Shotspotter Inc (NASDAQ:SSTI) in the fourth quarter, HoldingsChannel.com reports. The fund bought 292,116 shares of the company’s stock, valued at approximately $4,104,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC grew its position in Shotspotter by 139.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,753,848 shares of the company’s stock valued at $24,642,000 after purchasing an additional 1,021,066 shares in the last quarter. Russell Investments Group Ltd. grew its position in Shotspotter by 2.4% in the third quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock valued at $2,776,000 after purchasing an additional 4,931 shares in the last quarter. Foster Dykema Cabot & Co. Inc. MA bought a new position in Shotspotter in the fourth quarter valued at $1,531,000. Mariner Investment Group LLC bought a new position in Shotspotter in the fourth quarter valued at $963,000. Finally, Granite Investment Partners LLC bought a new position in Shotspotter in the fourth quarter valued at $782,000. 41.52% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. Imperial Capital reaffirmed an “outperform” rating and issued a $24.00 target price (up previously from $19.75) on shares of Shotspotter in a research report on Thursday, February 22nd. Northland Securities raised their target price on shares of Shotspotter from $20.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 21st. Finally, Roth Capital raised their target price on shares of Shotspotter from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th.
Shotspotter (NASDAQ:SSTI) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.19). The business had revenue of $6.52 million for the quarter, compared to analysts’ expectations of $5.96 million. The firm’s revenue was up 43.2% on a year-over-year basis. equities analysts expect that Shotspotter Inc will post -0.13 earnings per share for the current fiscal year.
In other news, CFO Alan R. Stewart purchased 3,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was purchased at an average price of $13.53 per share, for a total transaction of $40,590.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pascal Levensohn sold 15,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $18.56, for a total transaction of $278,400.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 9,500 shares of company stock valued at $146,710.
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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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