ShotSpotter Inc. (SSTI) Holdings Lifted by Harvey Partners LLC
Harvey Partners LLC boosted its holdings in ShotSpotter Inc. (NASDAQ:SSTI) by 176.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the company’s stock after purchasing an additional 31,900 shares during the quarter. ShotSpotter makes up approximately 0.8% of Harvey Partners LLC’s holdings, making the stock its 24th biggest position. Harvey Partners LLC owned 0.52% of ShotSpotter worth $673,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in ShotSpotter by 2.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock worth $2,776,000 after purchasing an additional 4,931 shares during the period. Trellus Management Company LLC boosted its position in shares of ShotSpotter by 5.8% during the 3rd quarter. Trellus Management Company LLC now owns 91,910 shares of the company’s stock valued at $1,236,000 after acquiring an additional 5,000 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of ShotSpotter during the 2nd quarter valued at approximately $181,000. Archon Capital Management LLC bought a new position in shares of ShotSpotter during the 3rd quarter valued at approximately $227,000. Finally, Spark Investment Management LLC bought a new position in shares of ShotSpotter during the 2nd quarter valued at approximately $231,000. Institutional investors and hedge funds own 24.36% of the company’s stock.
SSTI has been the subject of a number of research reports. Zacks Investment Research upgraded ShotSpotter from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Saturday, September 9th. Roth Capital increased their target price on ShotSpotter from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Imperial Capital set a $20.00 target price on ShotSpotter and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Northland Securities reiterated a “buy” rating and set a $20.00 target price on shares of ShotSpotter in a research report on Friday, November 10th.
In related news, CFO Alan R. Stewart purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average cost 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 can be accessed through this hyperlink.
ShotSpotter Inc. (NASDAQ SSTI) opened at $14.94 on Friday. ShotSpotter Inc. has a 52-week low of $9.33 and a 52-week high of $20.15.
ShotSpotter (NASDAQ:SSTI) last posted its earnings results on Tuesday, November 7th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The firm had revenue of $6.80 million for the quarter, compared to the consensus estimate of $5.66 million. The firm’s revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.96) earnings per share. analysts forecast that ShotSpotter Inc. will post -0.6 EPS for the current year.
ShotSpotter Company Profile
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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