Insider Selling: ShotSpotter, Inc. (NASDAQ:SSTI) SVP Sells 867 Shares of Stock

ShotSpotter, Inc. (NASDAQ:SSTI – Get Rating) SVP Robert Samuel Klepper sold 867 shares of the firm’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $28.31, for a total transaction of $24,544.77. Following the completion of the sale, the senior vice president now owns 41,866 shares in the company, valued at $1,185,226.46. The sale was disclosed in a document filed with the SEC, which is available at this link.

Robert Samuel Klepper also recently made the following trade(s):

• On Thursday, March 10th, Robert Samuel Klepper sold 175 shares of ShotSpotter stock. The shares were sold at an average price of $30.28, for a total value of $5,299.00.

NASDAQ:SSTI opened at $28.86 on Wednesday. The company has a market capitalization of $350.42 million, a PE ratio of -82.46 and a beta of 1.24. ShotSpotter, Inc. has a 52-week low of $22.63 and a 52-week high of $51.50. The stock’s 50 day moving average price is $27.81 and its 200 day moving average price is $29.52.

ShotSpotter (NASDAQ:SSTI – Get Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.13). ShotSpotter had a negative net margin of 6.41% and a negative return on equity of 6.17%. The business had revenue of $13.97 million during the quarter, compared to analyst estimates of $16.03 million. Equities research analysts predict that ShotSpotter, Inc. will post -0.03 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. increased its position in ShotSpotter by 2.7% during the 1st quarter. Federated Hermes Inc. now owns 1,150,000 shares of the company’s stock worth $31,878,000 after purchasing an additional 30,000 shares during the period. Nine Ten Capital Management LLC raised its position 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 worth $28,254,000 after acquiring an additional 192,776 shares in the last quarter. Granahan Investment Management Inc. MA boosted its position in shares of ShotSpotter by 2.8% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 646,030 shares of the company’s stock worth $23,496,000 after purchasing an additional 17,718 shares in the last quarter. BlackRock Inc. boosted its position in shares of ShotSpotter by 1.4% during the 4th quarter. BlackRock Inc. now owns 559,011 shares of the company’s stock worth $16,503,000 after purchasing an additional 7,468 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of ShotSpotter by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 540,826 shares of the company’s stock worth $14,992,000 after purchasing an additional 43,758 shares during the period. 59.20% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on SSTI. Lake Street Capital dropped their price objective on ShotSpotter from $42.00 to $29.00 in a report on Wednesday, February 23rd. Zacks Investment Research lowered shares of ShotSpotter from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.00.

ShotSpotter Company Profile (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.

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