ShotSpotter Inc. (NASDAQ:SSTI) CFO Alan R. Stewart purchased 3,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average price of $13.53 per share, for a total transaction of $40,590.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ShotSpotter Inc. (SSTI) traded down $1.05 on Friday, hitting $13.89. The stock had a trading volume of 284,191 shares, compared to its average volume of 132,189. ShotSpotter Inc. has a 1-year low of $9.33 and a 1-year high of $20.15.

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

Several institutional investors have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of ShotSpotter in the second quarter worth $9,539,000. Prudential PLC acquired a new stake in shares of ShotSpotter in the second quarter worth $3,837,000. Russell Investments Group Ltd. boosted its position in shares of ShotSpotter by 2.4% in the third quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock worth $2,776,000 after buying an additional 4,931 shares during the period. Castleark Management LLC acquired a new stake in shares of ShotSpotter in the second quarter worth $2,110,000. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of ShotSpotter during the second quarter worth $1,663,000. 24.36% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on SSTI shares. Imperial Capital set a $20.00 price objective on ShotSpotter and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Northland Securities reissued a “buy” rating and set a $20.00 price objective on shares of ShotSpotter in a research note on Friday, November 10th. Roth Capital raised 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, Zacks Investment Research raised ShotSpotter from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Saturday, September 9th.

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About ShotSpotter

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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