Gary M. Lauder Sells 27,000 Shares of Shotspotter Inc (SSTI) Stock

Shotspotter Inc (NASDAQ:SSTI) major shareholder Gary M. Lauder sold 27,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $59.34, for a total transaction of $1,602,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

SSTI stock traded up $1.37 during mid-day trading on Friday, hitting $62.81. 254,213 shares of the company were exchanged, compared to its average volume of 208,120. The company has a market capitalization of $642.14 million, a P/E ratio of -110.19 and a beta of -1.07. Shotspotter Inc has a 1-year low of $10.75 and a 1-year high of $66.14.

Shotspotter (NASDAQ:SSTI) last announced its earnings results on Thursday, August 2nd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. The firm had revenue of $8.93 million for the quarter, compared to the consensus estimate of $8.01 million. Shotspotter had a negative net margin of 19.52% and a negative return on equity of 36.43%. The business’s quarterly revenue was up 52.9% on a year-over-year basis. During the same period last year, the company posted ($1.16) EPS. sell-side analysts forecast that Shotspotter Inc will post -0.17 earnings per share for the current year.

A number of brokerages recently weighed in on SSTI. BidaskClub upgraded shares of Shotspotter from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 1st. Imperial Capital set a $50.00 price target on shares of Shotspotter and gave the company a “buy” rating in a research report on Monday, August 6th. Finally, Roth Capital increased their price target on shares of Shotspotter to $60.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Shotspotter has an average rating of “Buy” and a consensus price target of $41.14.

Hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in Shotspotter during the 2nd quarter worth approximately $137,000. Northern Trust Corp acquired a new stake in Shotspotter during the 1st quarter worth approximately $204,000. Barclays PLC acquired a new stake in Shotspotter during the 1st quarter worth approximately $209,000. Moreno Evelyn V acquired a new stake in Shotspotter during the 2nd quarter worth approximately $220,000. Finally, Hilltop Holdings Inc. acquired a new stake in Shotspotter during the 2nd quarter worth approximately $235,000. Hedge funds and other institutional investors own 55.65% of the company’s stock.

Shotspotter Company Profile

ShotSpotter, Inc provides software-as-a-service based gunshot detection solutions for law enforcement officials and security personnel in the United States, South Africa, and internationally. The company's solutions include ShotSpotter Flex, an outdoor public safety solution for cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and SST SecureCampus that helps the law enforcement and security personnel serving universities, colleges, and other educational institutions to mitigate risk and enhance security by notifying authorities and first responders of an active-shooter.

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

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