Alan R. Stewart Purchases 4,000 Shares of ShotSpotter, Inc. (NASDAQ:SSTI) Stock

ShotSpotter, Inc. (NASDAQ:SSTI) CFO Alan R. Stewart bought 4,000 shares of ShotSpotter stock in a transaction that occurred on Tuesday, September 14th. The stock was bought at an average price of $34.48 per share, for a total transaction of $137,920.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:SSTI opened at $37.99 on Friday. ShotSpotter, Inc. has a twelve month low of $28.23 and a twelve month high of $53.97. The stock’s 50 day moving average is $42.17 and its 200-day moving average is $39.93. The firm has a market capitalization of $443.65 million, a price-to-earnings ratio of 1,899.50, a PEG ratio of 39.22 and a beta of 1.31.

ShotSpotter (NASDAQ:SSTI) last issued its earnings results on Tuesday, August 10th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). ShotSpotter had a return on equity of 2.92% and a net margin of 0.33%. The firm had revenue of $14.62 million for the quarter, compared to analyst estimates of $14.84 million. As a group, research analysts anticipate that ShotSpotter, Inc. will post 0.04 EPS for the current year.

A number of equities analysts have issued reports on the company. Northland Securities restated a “buy” rating and set a $49.00 price target on shares of ShotSpotter in a report on Monday, May 24th. Robert W. Baird restated a “buy” rating on shares of ShotSpotter in a report on Friday, June 25th. Roth Capital increased their price target on ShotSpotter from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 11th. Zacks Investment Research cut ShotSpotter from a “hold” rating to a “sell” rating in a report on Thursday, August 12th. Finally, William Blair restated a “hold” rating on shares of ShotSpotter in a report on Wednesday, August 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.00.

Several large investors have recently modified their holdings of SSTI. Benjamin F. Edwards & Company Inc. raised its position in ShotSpotter by 27.8% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,296 shares of the company’s stock valued at $45,000 after buying an additional 282 shares during the last quarter. Marshall Wace LLP purchased a new stake in ShotSpotter in the 1st quarter valued at $110,000. Metropolitan Life Insurance Co NY purchased a new stake in ShotSpotter in the 2nd quarter valued at $117,000. MetLife Investment Management LLC purchased a new stake in ShotSpotter in the 2nd quarter valued at $153,000. Finally, UBS Group AG raised its position in ShotSpotter by 14.7% in the 1st quarter. UBS Group AG now owns 5,082 shares of the company’s stock valued at $178,000 after buying an additional 653 shares during the last quarter. 61.61% of the stock is currently owned by institutional investors.

ShotSpotter Company Profile

ShotSpotter, Inc provides gunshot detection solutions. It helps law enforcement officials and security personnel identify, locate, and respond to gun violence. The firm offers solutions on a SaaS-based subscription model to customers around the world. The company was founded by Robert B. Calhoun, Jason Dunham, and Robert Leroy Showen in 1996 and is headquartered in Newark, CA.

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