Ralph A. Clark Sells 3,684 Shares of ShotSpotter, Inc. (NASDAQ:SSTI) Stock
ShotSpotter, Inc. (NASDAQ:SSTI – Get Rating) CEO Ralph A. Clark sold 3,684 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $30.20, for a total value of $111,256.80. Following the completion of the transaction, the chief executive officer now owns 498,665 shares of the company’s stock, valued at approximately $15,059,683. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
ShotSpotter stock traded down $0.48 during trading hours on Friday, hitting $30.39. The stock had a trading volume of 24,491 shares, compared to its average volume of 51,132. The stock has a market capitalization of $369.00 million, a price-to-earnings ratio of -86.83 and a beta of 1.23. ShotSpotter, Inc. has a 1-year low of $22.63 and a 1-year high of $51.50. The stock’s fifty day moving average is $28.29 and its two-hundred day moving average is $28.87.
SSTI has been the subject of several research analyst reports. Zacks Investment Research cut ShotSpotter from a “hold” rating to a “sell” rating in a research report on Saturday, May 14th. Lake Street Capital cut their price objective on ShotSpotter from $42.00 to $29.00 in a research report on Wednesday, February 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.50.
A number of institutional investors have recently bought and sold shares of SSTI. Nine Ten Capital Management LLC grew its holdings in ShotSpotter by 23.3% in the first quarter. Nine Ten Capital Management LLC now owns 1,019,248 shares of the company’s stock valued at $28,254,000 after purchasing an additional 192,776 shares during the last quarter. EVR Research LP grew its holdings in ShotSpotter by 88.9% in the first quarter. EVR Research LP now owns 340,000 shares of the company’s stock valued at $9,425,000 after purchasing an additional 160,000 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in ShotSpotter by 29.3% in the fourth quarter. Handelsbanken Fonder AB now owns 300,000 shares of the company’s stock valued at $8,856,000 after purchasing an additional 68,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in ShotSpotter by 8.8% in the first quarter. Vanguard Group Inc. now owns 540,826 shares of the company’s stock valued at $14,992,000 after purchasing an additional 43,758 shares during the last quarter. Finally, EFG Asset Management North America Corp. acquired a new stake in ShotSpotter in the fourth quarter valued at $896,000. 59.20% of the stock is currently owned by institutional investors.
About ShotSpotter (Get Rating)
ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States, South Africa, and the Bahamas. Its solutions include ShotSpotter Respond, 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 Connect, a patrol management software to help plan directed patrols and tactics to deter a broad set of crime types.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider ShotSpotter, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and ShotSpotter wasn’t on the list.
While ShotSpotter currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.