Morgan Stanley Buys 4,623 Shares of Shotspotter Inc (SSTI)

Morgan Stanley boosted its stake in shares of Shotspotter Inc (NASDAQ:SSTI) by 22.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,424 shares of the company’s stock after acquiring an additional 4,623 shares during the quarter. Morgan Stanley owned 0.23% of Shotspotter worth $1,558,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SSTI. State Board of Administration of Florida Retirement System purchased a new stake in shares of Shotspotter in the third quarter valued at approximately $215,000. LPL Financial LLC purchased a new stake in shares of Shotspotter in the third quarter valued at approximately $219,000. Alliancebernstein L.P. purchased a new stake in shares of Shotspotter in the third quarter valued at approximately $343,000. MetLife Investment Advisors LLC increased its position in shares of Shotspotter by 55.1% in the third quarter. MetLife Investment Advisors LLC now owns 5,590 shares of the company’s stock valued at $343,000 after buying an additional 1,987 shares in the last quarter. Finally, InterOcean Capital LLC purchased a new stake in shares of Shotspotter in the third quarter valued at approximately $459,000. Institutional investors own 56.15% of the company’s stock.

Shares of NASDAQ:SSTI opened at $38.98 on Friday. The company has a market capitalization of $425.35 million, a PE ratio of -149.92, a PEG ratio of 8.37 and a beta of 2.93. Shotspotter Inc has a 1 year low of $23.26 and a 1 year high of $66.14.

Shotspotter (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, February 19th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $9.71 million for the quarter, compared to analyst estimates of $9.47 million. Shotspotter had a negative return on equity of 17.00% and a negative net margin of 7.84%. Research analysts predict that Shotspotter Inc will post 0.14 EPS for the current fiscal year.

A number of analysts have recently commented on SSTI shares. BidaskClub upgraded Shotspotter from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. National Securities cut Shotspotter from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 6th. Imperial Capital upgraded Shotspotter from an “in-line” rating to an “outperform” rating and cut their price objective for the company from $54.00 to $49.00 in a research report on Monday, November 19th. Robert W. Baird boosted their price objective on Shotspotter from $41.00 to $58.00 and gave the company a “positive” rating in a research report on Wednesday, February 20th. Finally, B. Riley boosted their price objective on Shotspotter to $59.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Shotspotter has a consensus rating of “Buy” and an average target price of $50.01.

In other news, SVP Robert Samuel Klepper sold 746 shares of Shotspotter stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $45.45, for a total value of $33,905.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Alan R. Stewart sold 14,000 shares of Shotspotter stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $44.99, for a total value of $629,860.00. The disclosure for this sale can be found here. Insiders sold 123,922 shares of company stock worth $5,579,359 over the last ninety days. Corporate insiders own 36.10% of the company’s stock.

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Shotspotter 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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Institutional Ownership by Quarter for Shotspotter (NASDAQ:SSTI)

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