ShotSpotter Inc. (NASDAQ:SSTI) CFO Alan R. Stewart purchased 3,000 shares of ShotSpotter stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average price of $13.53 per share, for a total transaction of $40,590.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of ShotSpotter Inc. (NASDAQ SSTI) traded down $0.01 during midday trading on Wednesday, hitting $13.49. The stock had a trading volume of 86,001 shares, compared to its average volume of 102,680. ShotSpotter Inc. has a 12-month low of $9.33 and a 12-month high of $20.15.

ShotSpotter (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.02. The business had revenue of $6.80 million during the quarter, compared to analysts’ expectations of $5.66 million. During the same quarter in the previous year, the company posted ($0.96) earnings per share. The company’s quarterly revenue was up 70.0% compared to the same quarter last year. research analysts anticipate that ShotSpotter Inc. will post -0.6 EPS for the current year.

SSTI has been the topic of several recent analyst reports. Zacks Investment Research upgraded ShotSpotter from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Saturday, September 23rd. Northland Securities reiterated a “buy” rating and issued a $20.00 price target on shares of ShotSpotter in a report on Friday, November 10th. Roth Capital increased their price target on ShotSpotter from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Imperial Capital set a $20.00 price target on ShotSpotter and gave the stock a “buy” rating in a report on Wednesday, November 15th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Harvey Partners LLC increased its holdings in ShotSpotter by 176.2% during the 3rd quarter. Harvey Partners LLC now owns 50,000 shares of the company’s stock worth $673,000 after purchasing an additional 31,900 shares during the period. Archon Capital Management LLC purchased a new position in ShotSpotter during the 3rd quarter worth $227,000. Russell Investments Group Ltd. increased its holdings in ShotSpotter by 2.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock worth $2,776,000 after purchasing an additional 4,931 shares during the period. Trellus Management Company LLC increased its holdings in ShotSpotter by 5.8% during the 3rd quarter. Trellus Management Company LLC now owns 91,910 shares of the company’s stock worth $1,236,000 after purchasing an additional 5,000 shares during the period. Finally, Castleark Management LLC purchased a new position in ShotSpotter during the 2nd quarter worth $2,110,000. Hedge funds and other institutional investors own 24.36% of the company’s stock.

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ShotSpotter Company Profile

ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.

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