ShotSpotter, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark Sells 945 Shares

ShotSpotter, Inc. (NASDAQ:SSTIGet Rating) CEO Ralph A. Clark sold 945 shares of ShotSpotter stock in a transaction on Friday, November 18th. The shares were sold at an average price of $33.79, for a total transaction of $31,931.55. Following the completion of the sale, the chief executive officer now directly owns 482,810 shares of the company’s stock, valued at approximately $16,314,149.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ShotSpotter Price Performance

ShotSpotter stock opened at $33.47 on Tuesday. The firm has a fifty day moving average price of $31.59 and a two-hundred day moving average price of $30.89. ShotSpotter, Inc. has a fifty-two week low of $22.63 and a fifty-two week high of $39.28. The firm has a market cap of $408.33 million, a price-to-earnings ratio of 104.60, a P/E/G ratio of 2.00 and a beta of 1.38.

ShotSpotter (NASDAQ:SSTIGet Rating) last posted its quarterly earnings data on Tuesday, November 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). ShotSpotter had a negative return on equity of 5.65% and a net margin of 5.57%. The company had revenue of $18.78 million for the quarter, compared to the consensus estimate of $19.61 million. As a group, sell-side analysts expect that ShotSpotter, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SSTI has been the subject of several analyst reports. JMP Securities raised shares of ShotSpotter from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Wednesday, October 19th. Robert W. Baird cut their target price on shares of ShotSpotter from $50.00 to $45.00 in a research report on Thursday, November 10th. Lake Street Capital raised shares of ShotSpotter from a “hold” rating to a “buy” rating and boosted their target price for the stock from $29.00 to $38.00 in a research report on Wednesday, August 10th. Finally, TheStreet raised shares of ShotSpotter from a “d+” rating to a “c-” rating in a research report on Wednesday, October 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. increased its holdings in shares of ShotSpotter by 2.3% during the 3rd quarter. Federated Hermes Inc. now owns 1,288,421 shares of the company’s stock worth $37,055,000 after purchasing an additional 28,421 shares during the period. Nine Ten Capital Management LLC increased its holdings in shares of ShotSpotter by 23.3% during the 1st quarter. Nine Ten Capital Management LLC now owns 1,019,248 shares of the company’s stock worth $28,254,000 after purchasing an additional 192,776 shares during the period. EVR Research LP increased its holdings in shares of ShotSpotter by 36.4% during the 3rd quarter. EVR Research LP now owns 600,000 shares of the company’s stock worth $17,256,000 after purchasing an additional 160,000 shares during the period. BlackRock Inc. increased its holdings in shares of ShotSpotter by 0.4% during the 3rd quarter. BlackRock Inc. now owns 558,632 shares of the company’s stock worth $16,067,000 after purchasing an additional 2,180 shares during the period. Finally, Vanguard Group Inc. increased its stake in ShotSpotter by 8.8% in the first quarter. Vanguard Group Inc. now owns 540,826 shares of the company’s stock valued at $14,992,000 after acquiring an additional 43,758 shares during the period. Institutional investors own 57.96% of the company’s stock.

ShotSpotter Company Profile

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ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States, South Africa, and the Bahamas. Its solutions include ShotSpotter Respond, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Connect, a patrol management software to help plan directed patrols and tactics to deter a broad set of crime types.

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Insider Buying and Selling by Quarter for ShotSpotter (NASDAQ:SSTI)

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