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Russell Investments Group Ltd. bought a new stake in ShotSpotter, Inc. (NASDAQ:SSTI - Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 58,252 shares of the company's stock, valued at approximately $1,673,000. Russell Investments Group Ltd. owned approximately 0.48% of ShotSpotter as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of SSTI. Federated Hermes Inc. lifted its holdings in shares of ShotSpotter by 9.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,260,000 shares of the company's stock valued at $33,907,000 after purchasing an additional 110,000 shares during the last quarter. Vanguard Group Inc. increased its position in ShotSpotter by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 540,826 shares of the company's stock valued at $14,992,000 after buying an additional 43,758 shares in the last quarter. EVR Research LP raised its stake in ShotSpotter by 88.9% in the first quarter. EVR Research LP now owns 340,000 shares of the company's stock valued at $9,425,000 after buying an additional 160,000 shares during the last quarter. State Street Corp boosted its holdings in ShotSpotter by 1.8% in the first quarter. State Street Corp now owns 169,310 shares of the company's stock worth $4,693,000 after acquiring an additional 3,040 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of ShotSpotter by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 119,593 shares of the company's stock worth $3,315,000 after acquiring an additional 13,809 shares during the last quarter. 61.15% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on SSTI shares. TheStreet raised shares of ShotSpotter from a "d+" rating to a "c-" rating in a research report on Wednesday, October 26th. JMP Securities raised shares of ShotSpotter from a "market perform" rating to an "outperform" rating and set a $42.00 price objective on the stock in a report on Wednesday, October 19th. Finally, Robert W. Baird cut their target price on ShotSpotter from $50.00 to $45.00 in a research report on Thursday, November 10th.
Shares of SSTI opened at $36.15 on Friday. The company has a market capitalization of $440.89 million, a price-to-earnings ratio of 112.97, a PEG ratio of 5.53 and a beta of 1.32. ShotSpotter, Inc. has a 52 week low of $22.63 and a 52 week high of $39.28. The stock's 50-day moving average price is $34.82 and its 200-day moving average price is $33.21.
ShotSpotter (NASDAQ:SSTI - Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The firm had revenue of $18.78 million for the quarter, compared to analyst estimates of $19.61 million. ShotSpotter had a net margin of 5.57% and a negative return on equity of 5.65%. As a group, equities analysts anticipate that ShotSpotter, Inc. will post 0.58 EPS for the current fiscal year.
In related news, CEO Ralph A. Clark sold 945 shares of the company's stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $33.79, for a total value of $31,931.55. Following the completion of the transaction, the chief executive officer now owns 482,810 shares of the company's stock, valued at approximately $16,314,149.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 4,008 shares of company stock valued at $133,798 in the last ninety days. 10.60% of the stock is currently owned by corporate insiders.
ShotSpotter, Inc provides gunshot detection solutions. It helps law enforcement officials and security personnel identify, locate, and respond to gun violence. The firm offers solutions on a SaaS-based subscription model to customers around the world. The company was founded by Robert B. Calhoun, Jason Dunham, and Robert Leroy Showen in 1996 and is headquartered in Fremont, CA.
Want to see what other hedge funds are holding SSTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ShotSpotter, Inc. (NASDAQ:SSTI - Get Rating).
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