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Shutterstock (NYSE:SSTK) COO Thilo Semmelbauer sold 5,000 shares of Shutterstock stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $84.59, for a total value of $422,950.00. Following the sale, the chief operating officer now directly owns 387,649 shares in the company, valued at approximately $32,791,229. The sale was disclosed in a filing with the SEC, which is available at this link.

Shutterstock (NYSE:SSTK) traded up 0.11% on Thursday, hitting $85.41. The stock had a trading volume of 56,914 shares. Shutterstock has a one year low of $48.05 and a one year high of $103.01. The stock’s 50-day moving average is $74.82 and its 200-day moving average is $78.86. The company has a market cap of $3.006 billion and a P/E ratio of 114.06.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.01. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $69.71 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 42.5% on a year-over-year basis. On average, analysts predict that Shutterstock will post $1.00 earnings per share for the current fiscal year.

SSTK has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Shutterstock in a research note on Wednesday, May 28th. They now have a $90.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Shutterstock from $75.00 to $69.00 in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $81.52.

Shutterstock, Inc (NYSE:SSTK) operates as a marketplace for commercial digital imagery.

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