Shutterstock, Inc. (NYSE:SSTK) Chairman Jonathan Oringer Sells 14,541 Shares

Shutterstock, Inc. (NYSE:SSTKGet Rating) Chairman Jonathan Oringer sold 14,541 shares of Shutterstock stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $85.08, for a total value of $1,237,148.28. Following the completion of the sale, the chairman now directly owns 11,901,302 shares in the company, valued at approximately $1,012,562,774.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jonathan Oringer also recently made the following trade(s):

  • On Wednesday, April 6th, Jonathan Oringer sold 25,341 shares of Shutterstock stock. The shares were sold at an average price of $85.17, for a total value of $2,158,292.97.
  • On Monday, April 4th, Jonathan Oringer sold 28,337 shares of Shutterstock stock. The shares were sold at an average price of $91.94, for a total value of $2,605,303.78.
  • On Friday, April 1st, Jonathan Oringer sold 21,649 shares of Shutterstock stock. The stock was sold at an average price of $93.87, for a total value of $2,032,191.63.
  • On Monday, March 7th, Jonathan Oringer sold 19,415 shares of Shutterstock stock. The stock was sold at an average price of $86.80, for a total value of $1,685,222.00.
  • On Tuesday, March 1st, Jonathan Oringer sold 21,253 shares of Shutterstock stock. The stock was sold at an average price of $89.54, for a total value of $1,902,993.62.
  • On Wednesday, February 9th, Jonathan Oringer sold 30,873 shares of Shutterstock stock. The stock was sold at an average price of $93.72, for a total value of $2,893,417.56.
  • On Monday, February 7th, Jonathan Oringer sold 13,386 shares of Shutterstock stock. The stock was sold at an average price of $92.32, for a total value of $1,235,795.52.
  • On Thursday, February 3rd, Jonathan Oringer sold 12,119 shares of Shutterstock stock. The stock was sold at an average price of $90.64, for a total value of $1,098,466.16.
  • On Tuesday, February 1st, Jonathan Oringer sold 19,758 shares of Shutterstock stock. The stock was sold at an average price of $96.09, for a total value of $1,898,546.22.
  • On Tuesday, January 11th, Jonathan Oringer sold 16,950 shares of Shutterstock stock. The stock was sold at an average price of $99.27, for a total value of $1,682,626.50.

NYSE SSTK opened at $84.53 on Tuesday. Shutterstock, Inc. has a twelve month low of $77.38 and a twelve month high of $128.36. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 9.60 and a beta of 1.18. The business’s fifty day moving average is $90.64 and its 200 day moving average is $104.08.

Shutterstock (NYSE:SSTKGet Rating) last released its quarterly earnings data on Thursday, February 10th. The business services provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.29. Shutterstock had a return on equity of 22.08% and a net margin of 11.88%. The company had revenue of $205.78 million for the quarter, compared to the consensus estimate of $201.92 million. During the same quarter last year, the business posted $0.71 EPS. Shutterstock’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities research analysts anticipate that Shutterstock, Inc. will post 2.49 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Thursday, March 3rd were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 2nd. This is an increase from Shutterstock’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 1.14%. Shutterstock’s payout ratio is presently 39.02%.

A number of institutional investors and hedge funds have recently made changes to their positions in SSTK. Fieldpoint Private Securities LLC raised its position in shares of Shutterstock by 32.1% in the 1st quarter. Fieldpoint Private Securities LLC now owns 659 shares of the business services provider’s stock worth $61,000 after acquiring an additional 160 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Shutterstock by 33.4% in the 4th quarter. Fifth Third Bancorp now owns 683 shares of the business services provider’s stock worth $76,000 after acquiring an additional 171 shares in the last quarter. We Are One Seven LLC raised its position in shares of Shutterstock by 2.8% in the 4th quarter. We Are One Seven LLC now owns 6,679 shares of the business services provider’s stock worth $741,000 after acquiring an additional 184 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Shutterstock by 9.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,330 shares of the business services provider’s stock worth $265,000 after acquiring an additional 192 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of Shutterstock in the 3rd quarter worth about $29,000. 65.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Shutterstock from a “buy” rating to a “hold” rating in a report on Thursday, February 17th. StockNews.com assumed coverage on Shutterstock in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Needham & Company LLC cut their price target on Shutterstock from $145.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, February 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Shutterstock presently has an average rating of “Buy” and an average price target of $122.50.

Shutterstock Company Profile (Get Rating)

Shutterstock, Inc, a technology company, provides quality content, and creative workflow solutions in North America, Europe, and internationally. It offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects, and HD and 4K formats that are integrated into Websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.

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