Deutsche Bank AG raised its stake in shares of Shotspotter Inc (NASDAQ:SSTI) by 74.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,656 shares of the company’s stock after acquiring an additional 10,970 shares during the quarter. Deutsche Bank AG’s holdings in Shotspotter were worth $799,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its position in Shotspotter by 356.7% during the 4th 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. Barclays PLC boosted its position in shares of Shotspotter by 96.3% in the 4th quarter. Barclays PLC now owns 5,517 shares of the company’s stock worth $172,000 after purchasing an additional 2,706 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Shotspotter by 255.2% in the 4th quarter. Bank of America Corp DE now owns 6,540 shares of the company’s stock worth $204,000 after purchasing an additional 4,699 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Shotspotter in the 3rd quarter worth $219,000. Finally, Citigroup Inc. boosted its position in shares of Shotspotter by 83.6% in the 4th quarter. Citigroup Inc. now owns 8,822 shares of the company’s stock worth $275,000 after purchasing an additional 4,016 shares in the last quarter. 54.31% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on SSTI. BidaskClub raised Shotspotter from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 7th. Dougherty & Co cut Shotspotter from a “buy” rating to a “neutral” rating in a research report on Friday, May 10th. Zacks Investment Research cut Shotspotter from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. B. Riley raised their price objective on Shotspotter to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Finally, Robert W. Baird raised their price objective on Shotspotter from $41.00 to $58.00 and gave the stock a “positive” rating in a research report on Wednesday, February 20th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Shotspotter presently has an average rating of “Buy” and an average target price of $52.89.
Shares of SSTI stock opened at $48.90 on Friday. The firm has a market capitalization of $530.73 million, a P/E ratio of -188.08, a PEG ratio of 9.88 and a beta of 3.01. Shotspotter Inc has a 1 year low of $26.55 and a 1 year high of $66.14.
Shotspotter (NASDAQ:SSTI) last issued its earnings results on Thursday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The company had revenue of $9.59 million during the quarter, compared to analyst estimates of $9.77 million. Shotspotter had a negative return on equity of 9.63% and a negative net margin of 4.99%. The firm’s quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS. As a group, analysts forecast that Shotspotter Inc will post 0.13 earnings per share for the current fiscal year.
In related news, Director Pascal Levensohn sold 10,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $44.99, for a total value of $449,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph O. Hawkins sold 1,911 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $47.10, for a total value of $90,008.10. The disclosure for this sale can be found here. Insiders sold a total of 127,034 shares of company stock valued at $5,723,424 in the last 90 days. 36.10% of the stock is currently owned by company insiders.
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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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