Shotspotter Inc (NASDAQ:SSTI) Shares Sold by Westwood Management Corp IL

Westwood Management Corp IL lessened its holdings in shares of Shotspotter Inc (NASDAQ:SSTI) by 50.0% during the 2nd quarter, Holdings Channel reports. The firm owned 5,000 shares of the company’s stock after selling 5,000 shares during the period. Westwood Management Corp IL’s holdings in Shotspotter were worth $221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SSTI. Bank of New York Mellon Corp raised its holdings in Shotspotter by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 22,598 shares of the company’s stock valued at $704,000 after acquiring an additional 295 shares in the last quarter. Taylor Wealth Management Partners raised its holdings in Shotspotter by 0.6% in the second quarter. Taylor Wealth Management Partners now owns 95,466 shares of the company’s stock valued at $4,220,000 after acquiring an additional 585 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in Shotspotter in the first quarter valued at approximately $59,000. Metropolitan Life Insurance Co. NY raised its holdings in Shotspotter by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,544 shares of the company’s stock valued at $79,000 after acquiring an additional 1,987 shares in the last quarter. Finally, Barclays PLC raised its holdings in Shotspotter by 96.3% in the fourth quarter. Barclays PLC now owns 5,517 shares of the company’s stock valued at $172,000 after acquiring an additional 2,706 shares in the last quarter. 65.34% of the stock is currently owned by institutional investors and hedge funds.

Shotspotter stock traded down $1.30 during mid-day trading on Tuesday, hitting $34.50. The company had a trading volume of 7,000 shares, compared to its average volume of 139,574. The stock has a market cap of $405.71 million, a PE ratio of -133.88 and a beta of 2.51. Shotspotter Inc has a 1 year low of $26.55 and a 1 year high of $66.14. The business has a fifty day moving average of $40.95.

Shotspotter (NASDAQ:SSTI) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The company had revenue of $9.59 million for the quarter, compared to analyst estimates of $9.77 million. Shotspotter had a negative net margin of 4.99% and a negative return on equity of 9.63%. The firm’s revenue was up 38.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) earnings per share. As a group, equities research analysts predict that Shotspotter Inc will post 0.09 earnings per share for the current fiscal year.

Several brokerages recently weighed in on SSTI. BidaskClub cut shares of Shotspotter from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Lake Street Capital set a $50.00 target price on shares of Shotspotter and gave the company a “buy” rating in a report on Friday, May 10th. Northland Securities cut shares of Shotspotter from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $60.00 to $47.00 in a report on Monday, July 15th. Imperial Capital reaffirmed an “outperform” rating and issued a $48.00 target price (down previously from $49.00) on shares of Shotspotter in a report on Wednesday, July 17th. Finally, Zacks Investment Research cut shares of Shotspotter from a “hold” rating to a “sell” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Shotspotter has a consensus rating of “Buy” and a consensus target price of $52.12.

In other Shotspotter news, Director Pascal Levensohn sold 2,500 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $42.08, for a total value of $105,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Robert Samuel Klepper sold 1,201 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $45.01, for a total transaction of $54,057.01. The disclosure for this sale can be found here. Insiders sold 82,684 shares of company stock worth $3,735,644 over the last quarter. 11.40% of the stock is currently owned by insiders.

Shotspotter Profile

ShotSpotter, Inc provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, 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 Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence.

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Institutional Ownership by Quarter for Shotspotter (NASDAQ:SSTI)

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