Shotspotter (NASDAQ:SSTI) had its price objective upped by Northland Securities from $20.00 to $30.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price objective would indicate a potential upside of 56.74% from the company’s current price.
Several other research analysts also recently commented on SSTI. Imperial Capital set a $20.00 price objective on Shotspotter and gave the company a “buy” rating in a research note on Wednesday, November 15th. Roth Capital increased their price objective on Shotspotter from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th.
Shotspotter (NASDAQ:SSTI) opened at $19.14 on Wednesday. The firm has a market capitalization of $184.63 and a P/E ratio of -22.52. Shotspotter has a 52 week low of $9.33 and a 52 week high of $21.45.
In related news, CFO Alan R. Stewart bought 3,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was bought at an average cost of $13.53 per share, for a total transaction of $40,590.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total value of $14,246,685.00. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSTI. Tower Research Capital LLC TRC grew its holdings in shares of Shotspotter by 3,457.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,968 shares of the company’s stock worth $112,000 after purchasing an additional 7,744 shares during the period. Virtu Financial LLC purchased a new position in shares of Shotspotter during the 4th quarter worth $160,000. Goldman Sachs Group Inc. purchased a new position in shares of Shotspotter during the 2nd quarter worth $181,000. Archon Capital Management LLC purchased a new position in shares of Shotspotter during the 3rd quarter worth $227,000. Finally, Geode Capital Management LLC purchased a new position in shares of Shotspotter during the 4th quarter worth $270,000. Institutional investors and hedge funds own 41.52% 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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