Jonathan Oringer Sells 15,492 Shares of Shutterstock, Inc. (NYSE:SSTK) Stock

Shutterstock, Inc. (NYSE:SSTK) Chairman Jonathan Oringer sold 15,492 shares of the firm’s stock in a transaction on Thursday, October 7th. The shares were sold at an average price of $117.70, for a total value of $1,823,408.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jonathan Oringer also recently made the following trade(s):

  • On Monday, October 11th, Jonathan Oringer sold 18,506 shares of Shutterstock stock. The shares were sold at an average price of $119.34, for a total value of $2,208,506.04.
  • On Tuesday, October 5th, Jonathan Oringer sold 10,714 shares of Shutterstock stock. The shares were sold at an average price of $113.05, for a total value of $1,211,217.70.
  • On Monday, September 13th, Jonathan Oringer sold 20,056 shares of Shutterstock stock. The shares were sold at an average price of $109.39, for a total value of $2,193,925.84.
  • On Thursday, September 9th, Jonathan Oringer sold 16,587 shares of Shutterstock stock. The shares were sold at an average price of $113.20, for a total value of $1,877,648.40.
  • On Tuesday, September 7th, Jonathan Oringer sold 12,790 shares of Shutterstock stock. The shares were sold at an average price of $113.55, for a total value of $1,452,304.50.
  • On Friday, September 3rd, Jonathan Oringer sold 13,094 shares of Shutterstock stock. The shares were sold at an average price of $114.30, for a total value of $1,496,644.20.
  • On Monday, August 9th, Jonathan Oringer sold 10,090 shares of Shutterstock stock. The stock was sold at an average price of $103.29, for a total value of $1,042,196.10.
  • On Friday, August 6th, Jonathan Oringer sold 21,649 shares of Shutterstock stock. The stock was sold at an average price of $102.81, for a total value of $2,225,733.69.
  • On Wednesday, August 4th, Jonathan Oringer sold 12,831 shares of Shutterstock stock. The stock was sold at an average price of $105.08, for a total value of $1,348,281.48.
  • On Monday, August 2nd, Jonathan Oringer sold 21,207 shares of Shutterstock stock. The stock was sold at an average price of $107.56, for a total value of $2,281,024.92.

Shutterstock stock opened at $117.97 on Thursday. The stock’s 50 day moving average price is $112.30 and its 200 day moving average price is $100.67. The firm has a market capitalization of $4.32 billion, a PE ratio of 40.68, a price-to-earnings-growth ratio of 3.76 and a beta of 1.08. Shutterstock, Inc. has a one year low of $59.10 and a one year high of $120.39.

Shutterstock (NYSE:SSTK) last released its quarterly earnings results on Tuesday, July 27th. The business services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.62 by $0.40. The firm had revenue of $189.90 million for the quarter, compared to analyst estimates of $179.45 million. Shutterstock had a return on equity of 25.67% and a net margin of 14.93%. Shutterstock’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. On average, sell-side analysts anticipate that Shutterstock, Inc. will post 2.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Thursday, September 2nd were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.71%. The ex-dividend date was Wednesday, September 1st. Shutterstock’s dividend payout ratio (DPR) is presently 41.58%.

Institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund increased its holdings in Shutterstock by 0.6% during the 2nd quarter. Texas Permanent School Fund now owns 16,617 shares of the business services provider’s stock worth $1,631,000 after purchasing an additional 94 shares during the last quarter. Profund Advisors LLC increased its holdings in Shutterstock by 5.5% during the 2nd quarter. Profund Advisors LLC now owns 2,463 shares of the business services provider’s stock worth $241,000 after purchasing an additional 129 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Shutterstock by 22.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 982 shares of the business services provider’s stock worth $96,000 after purchasing an additional 178 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in Shutterstock by 7.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 2,953 shares of the business services provider’s stock worth $263,000 after purchasing an additional 199 shares during the last quarter. Finally, Occudo Quantitative Strategies LP increased its holdings in Shutterstock by 5.1% during the 1st quarter. Occudo Quantitative Strategies LP now owns 4,420 shares of the business services provider’s stock worth $394,000 after purchasing an additional 216 shares during the last quarter. 64.74% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on SSTK shares. Truist Securities raised their price target on Shutterstock from $116.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, September 8th. Zacks Investment Research raised Shutterstock from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Tuesday, August 3rd. Truist raised their price target on Shutterstock from $116.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, September 8th. JMP Securities raised their price target on Shutterstock from $110.00 to $123.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 28th. Finally, Needham & Company LLC lifted their price objective on Shutterstock from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $118.33.

Shutterstock Company Profile

Shutterstock, Inc engages in the operation of marketplace for licensed content. The firm licenses images, video, music, editorial assets, and custom content tailored to a brand’s needs. It operates through the Content Business and Other Category segments. The Content segment consists of Bigstock, Music, and Editorial.

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Insider Buying and Selling by Quarter for Shutterstock (NYSE:SSTK)

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