Insider Buying: ShotSpotter, Inc. (NASDAQ:SSTI) CFO Purchases 4,000 Shares of Stock

ShotSpotter, Inc. (NASDAQ:SSTI) CFO Alan R. Stewart acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 14th. The shares were acquired at an average cost of $34.48 per share, for a total transaction of $137,920.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SSTI stock opened at $37.99 on Friday. ShotSpotter, Inc. has a fifty-two week low of $28.23 and a fifty-two week high of $53.97. The business’s 50-day moving average is $42.17 and its two-hundred day moving average is $39.93. The company has a market cap of $443.65 million, a price-to-earnings ratio of 1,899.50, a P/E/G ratio of 39.22 and a beta of 1.31.

ShotSpotter (NASDAQ:SSTI) last posted its earnings results on Tuesday, August 10th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). ShotSpotter had a net margin of 0.33% and a return on equity of 2.92%. The firm had revenue of $14.62 million during the quarter, compared to the consensus estimate of $14.84 million. On average, sell-side analysts anticipate that ShotSpotter, Inc. will post 0.04 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY bought a new position in shares of ShotSpotter in the second quarter worth about $117,000. Millennium Management LLC bought a new position in shares of ShotSpotter in the second quarter worth about $408,000. Manatuck Hill Partners LLC raised its stake in shares of ShotSpotter by 24.7% in the second quarter. Manatuck Hill Partners LLC now owns 189,000 shares of the company’s stock worth $9,218,000 after buying an additional 37,400 shares during the period. MetLife Investment Management LLC bought a new position in shares of ShotSpotter in the second quarter worth about $153,000. Finally, Citadel Advisors LLC bought a new position in shares of ShotSpotter in the second quarter worth about $604,000. 61.61% of the stock is currently owned by hedge funds and other institutional investors.

SSTI has been the topic of several recent analyst reports. Zacks Investment Research cut ShotSpotter from a “hold” rating to a “sell” rating in a research report on Thursday, August 12th. Roth Capital increased their price objective on ShotSpotter from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, August 11th. William Blair reaffirmed a “hold” rating on shares of ShotSpotter in a research report on Wednesday, August 11th. Robert W. Baird reaffirmed a “buy” rating on shares of ShotSpotter in a research report on Friday, June 25th. Finally, Northland Securities reissued a “buy” rating and issued a $49.00 target price on shares of ShotSpotter in a report on Monday, May 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.00.

About ShotSpotter

ShotSpotter, Inc provides gunshot detection solutions. It helps law enforcement officials and security personnel identify, locate, and respond to gun violence. The firm offers solutions on a SaaS-based subscription model to customers around the world. The company was founded by Robert B. Calhoun, Jason Dunham, and Robert Leroy Showen in 1996 and is headquartered in Newark, CA.

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