Reynders McVeigh Capital Management LLC Buys Shares of 8,880 Shotspotter Inc (NASDAQ:SSTI)

Reynders McVeigh Capital Management LLC bought a new stake in Shotspotter Inc (NASDAQ:SSTI) in the second quarter, HoldingsChannel reports. The institutional investor bought 8,880 shares of the company’s stock, valued at approximately $392,000.

Other institutional investors have also added to or reduced their stakes in the company. Conestoga Capital Advisors LLC lifted its holdings in Shotspotter by 3.8% in the second quarter. Conestoga Capital Advisors LLC now owns 8,480 shares of the company’s stock valued at $375,000 after acquiring an additional 310 shares during the period. Spark Investment Management LLC lifted its holdings in Shotspotter by 51.0% in the first quarter. Spark Investment Management LLC now owns 99,500 shares of the company’s stock valued at $3,840,000 after acquiring an additional 33,600 shares during the period. Deutsche Bank AG lifted its holdings in Shotspotter by 74.7% in the fourth quarter. Deutsche Bank AG now owns 25,656 shares of the company’s stock valued at $799,000 after acquiring an additional 10,970 shares during the period. Geode Capital Management LLC lifted its holdings in Shotspotter by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 82,098 shares of the company’s stock valued at $2,559,000 after acquiring an additional 3,812 shares during the period. Finally, Federated Investors Inc. PA lifted its holdings in Shotspotter by 28.1% in the first quarter. Federated Investors Inc. PA now owns 475,910 shares of the company’s stock valued at $18,370,000 after acquiring an additional 104,310 shares during the period. 70.37% of the stock is owned by institutional investors.

A number of equities research analysts have commented on the company. Imperial Capital reissued an “outperform” rating and issued a $48.00 target price (down previously from $49.00) on shares of Shotspotter in a report on Wednesday, July 17th. BidaskClub downgraded Shotspotter from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. William Blair restated a “market perform” rating on shares of Shotspotter in a research report on Wednesday, August 7th. Zacks Investment Research cut Shotspotter from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Finally, TheStreet cut Shotspotter from a “c-” rating to a “d+” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $50.23.

In related news, Director Thomas T. Groos sold 55,000 shares of Shotspotter stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $44.91, for a total transaction of $2,470,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alan R. Stewart sold 2,029 shares of Shotspotter stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $46.87, for a total value of $95,099.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,483 shares of company stock valued at $3,647,017. Company insiders own 11.40% of the company’s stock.

Shares of SSTI stock traded down $0.12 during mid-day trading on Friday, reaching $27.63. The stock had a trading volume of 206,304 shares, compared to its average volume of 229,514. Shotspotter Inc has a 12-month low of $26.55 and a 12-month high of $66.14. The company has a market cap of $318.15 million, a P/E ratio of -106.27 and a beta of 2.51. The business has a 50-day simple moving average of $36.15 and a 200 day simple moving average of $43.33.

Shotspotter (NASDAQ:SSTI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Shotspotter had a negative return on equity of 4.86% and a negative net margin of 2.87%. The business had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $10.43 million. During the same quarter last year, the business posted ($0.03) earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities analysts forecast that Shotspotter Inc will post 0.11 EPS for the current fiscal year.

Shotspotter Profile

ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence.

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Institutional Ownership by Quarter for Shotspotter (NASDAQ:SSTI)

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