Shotspotter Inc (SSTI) Major Shareholder Sells $14,246,685.00 in Stock

Shotspotter Inc (NASDAQ:SSTI) major shareholder Motorola Solutions, Inc. sold 949,779 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Shotspotter Inc (NASDAQ:SSTI) traded up $0.04 during midday trading on Friday, hitting $17.07. 95,914 shares of the stock traded hands, compared to its average volume of 148,177. Shotspotter Inc has a 52-week low of $9.33 and a 52-week high of $20.15.

Shotspotter (NASDAQ:SSTI) last announced its earnings results on Tuesday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. The business had revenue of $6.80 million for the quarter, compared to analysts’ expectations of $5.66 million. The firm’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.96) earnings per share. sell-side analysts anticipate that Shotspotter Inc will post -0.6 earnings per share for the current fiscal year.

Several research firms have commented on SSTI. Northland Securities reissued a “buy” rating and set a $20.00 price objective on shares of Shotspotter in a report on Friday, November 10th. Zacks Investment Research raised shares of Shotspotter from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Saturday, September 23rd. Imperial Capital set a $20.00 price objective on shares of Shotspotter and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, Roth Capital increased their price objective on shares of Shotspotter from $18.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, November 8th.

Several hedge funds and other institutional investors have recently made changes to their positions in SSTI. Goldman Sachs Group Inc. purchased a new stake in shares of Shotspotter during the 2nd quarter valued at about $181,000. Archon Capital Management LLC purchased a new stake in shares of Shotspotter during the 3rd quarter valued at about $227,000. Harvey Partners LLC raised its position in shares of Shotspotter by 176.2% during the 3rd quarter. Harvey Partners LLC now owns 50,000 shares of the company’s stock valued at $673,000 after buying an additional 31,900 shares in the last quarter. Federated Investors Inc. PA purchased a new stake in shares of Shotspotter during the 2nd quarter valued at about $1,151,000. Finally, Trellus Management Company LLC raised its position in shares of Shotspotter by 5.8% during the 3rd quarter. Trellus Management Company LLC now owns 91,910 shares of the company’s stock valued at $1,236,000 after buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 24.36% of the company’s stock.

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Shotspotter Company Profile

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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