Gilder Gagnon Howe & Co. LLC decreased its holdings in Shotspotter Inc (NASDAQ:SSTI) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,029,405 shares of the company’s stock after selling 60,371 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 17.77% of Shotspotter worth $51,141,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in SSTI. Driehaus Capital Management LLC purchased a new position in Shotspotter in the first quarter worth $3,839,000. Granahan Investment Management Inc. MA increased its position in shares of Shotspotter by 23.6% in the first quarter. Granahan Investment Management Inc. MA now owns 676,756 shares of the company’s stock valued at $18,597,000 after buying an additional 129,393 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Shotspotter in the first quarter valued at $3,266,000. Avalon Investment & Advisory purchased a new position in shares of Shotspotter in the first quarter valued at $2,611,000. Finally, Nine Ten Capital Management LLC increased its position in shares of Shotspotter by 16.5% in the first quarter. Nine Ten Capital Management LLC now owns 269,590 shares of the company’s stock valued at $7,408,000 after buying an additional 38,200 shares in the last quarter. Hedge funds and other institutional investors own 63.39% of the company’s stock.
SSTI has been the topic of a number of research analyst reports. BidaskClub lowered Shotspotter from a “hold” rating to a “sell” rating in a research note on Thursday, July 9th. Northland Securities reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Shotspotter in a research note on Tuesday, June 23rd. Zacks Investment Research raised Shotspotter from a “sell” rating to a “hold” rating in a research note on Wednesday, August 12th. B. Riley began coverage on Shotspotter in a research note on Friday, July 17th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, ValuEngine lowered Shotspotter from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Shotspotter currently has a consensus rating of “Hold” and an average target price of $34.22.
SSTI stock traded down $0.86 during trading on Friday, reaching $28.40. 62,650 shares of the company’s stock were exchanged, compared to its average volume of 93,560. The firm has a market cap of $324.38 million, a PE ratio of 129.10, a P/E/G ratio of 10.14 and a beta of 1.59. Shotspotter Inc has a 1-year low of $18.44 and a 1-year high of $41.00. The company’s fifty day moving average price is $27.40 and its 200-day moving average price is $27.86.
Shotspotter (NASDAQ:SSTI) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. Shotspotter had a return on equity of 9.45% and a net margin of 6.22%. On average, analysts anticipate that Shotspotter Inc will post 0.14 earnings per share for the current year.
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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