Gilder Gagnon Howe & Co. LLC Sells 13,044 Shares of ShotSpotter Inc. (SSTI)
Gilder Gagnon Howe & Co. LLC trimmed its position in ShotSpotter Inc. (NASDAQ:SSTI) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 732,782 shares of the company’s stock after selling 13,044 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 7.63% of ShotSpotter worth $9,856,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. K.J. Harrison & Partners Inc acquired a new position in shares of ShotSpotter in the second quarter valued at $128,000. Goldman Sachs Group Inc. acquired a new position in ShotSpotter during the second quarter worth $181,000. Spark Investment Management LLC acquired a new position in ShotSpotter during the second quarter worth $231,000. Timpani Capital Management LLC acquired a new position in ShotSpotter during the second quarter worth $885,000. Finally, Trellus Management Company LLC acquired a new position in ShotSpotter during the second quarter worth $1,112,000. Institutional investors and hedge funds own 21.80% of the company’s stock.
ShotSpotter Inc. (SSTI) traded down $0.87 during trading on Wednesday, reaching $17.48. The company had a trading volume of 132,600 shares, compared to its average volume of 97,037. ShotSpotter Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $20.15. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66.
ShotSpotter (NASDAQ:SSTI) last issued its earnings results on Tuesday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.02. The company had revenue of $6.80 million for the quarter, compared to the consensus estimate of $5.66 million. During the same quarter last year, the business posted ($0.96) EPS. ShotSpotter’s quarterly revenue was up 70.0% on a year-over-year basis. equities analysts predict that ShotSpotter Inc. will post -0.6 earnings per share for the current fiscal year.
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Several research analysts have issued reports on the company. Imperial Capital assumed coverage on ShotSpotter in a research note on Thursday, July 27th. They set an “outperform” rating and a $16.00 price objective for the company. Zacks Investment Research lowered ShotSpotter from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Roth Capital increased their price objective on ShotSpotter from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Northland Securities restated a “buy” rating and set a $20.00 target price on shares of ShotSpotter in a report on Friday, November 10th.
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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