Roth Capital started coverage on shares of ShotSpotter Inc. (NASDAQ:SSTI) in a research report released on Monday, July 10th, Marketbeat reports. The brokerage issued a buy rating and a $18.00 price target on the stock.
Separately, Northland Securities started coverage on shares of ShotSpotter in a research report on Monday, July 3rd. They set an outperform rating and a $16.00 target price on the stock.
ShotSpotter (NASDAQ:SSTI) traded down 1.77% on Monday, reaching $12.80. 47,719 shares of the company’s stock traded hands. The stock’s market capitalization is $20.77 million. The firm has a 50-day moving average price of $13.86 and a 200-day moving average price of $13.86. ShotSpotter has a 52 week low of $11.61 and a 52 week high of $18.30.
In other news, insider Ralph A. Clark purchased 13,636 shares of ShotSpotter stock in a transaction that occurred on Monday, June 12th. The shares were acquired at an average price of $11.00 per share, for a total transaction of $149,996.00. Following the transaction, the insider now owns 13,636 shares of the company’s stock, valued at approximately $149,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan R. Stewart purchased 9,090 shares of ShotSpotter stock in a transaction that occurred on Monday, June 12th. The shares were purchased at an average price of $11.00 per share, for a total transaction of $99,990.00. Following the transaction, the chief financial officer now directly owns 9,090 shares in the company, valued at approximately $99,990. The disclosure for this purchase can be found here. Insiders have purchased a total of 113,726 shares of company stock worth $1,250,986 in the last quarter.
ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.
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