Calamos Advisors LLC lifted its stake in shares of Shotspotter Inc (NASDAQ:SSTI) by 131.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,283 shares of the company’s stock after buying an additional 38,161 shares during the quarter. Calamos Advisors LLC owned about 0.59% of Shotspotter worth $1,715,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in shares of Shotspotter by 22,700.0% in the 2nd quarter. Bank of Montreal Can now owns 684 shares of the company’s stock valued at $30,000 after buying an additional 681 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Shotspotter by 6,426.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,240 shares of the company’s stock worth $55,000 after acquiring an additional 1,221 shares in the last quarter. Marshall Wace LLP purchased a new stake in Shotspotter in the first quarter valued at $110,000. Conestoga Capital Advisors LLC lifted its position in Shotspotter by 40.7% in the third quarter. Conestoga Capital Advisors LLC now owns 11,930 shares of the company’s stock valued at $275,000 after acquiring an additional 3,450 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Shotspotter in the third quarter valued at $374,000. Institutional investors and hedge funds own 67.62% of the company’s stock.
In related news, VP Joseph O. Hawkins sold 1,911 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $22.40, for a total value of $42,806.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 11.40% of the company’s stock.
NASDAQ SSTI opened at $28.14 on Friday. The firm has a market cap of $329.72 million, a PE ratio of 402.00 and a beta of 2.62. Shotspotter Inc has a one year low of $18.44 and a one year high of $58.61. The firm’s fifty day moving average is $25.64 and its two-hundred day moving average is $27.52.
Shotspotter (NASDAQ:SSTI) last announced its earnings results on Tuesday, November 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Shotspotter had a net margin of 1.95% and a return on equity of 2.97%. The business had revenue of $9.98 million during the quarter, compared to analysts’ expectations of $10.89 million. During the same period in the prior year, the company earned ($0.13) earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. Research analysts anticipate that Shotspotter Inc will post 0.09 EPS for the current year.
SSTI has been the topic of several research reports. National Securities raised Shotspotter from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $44.00 to $34.00 in a report on Wednesday, November 13th. BidaskClub raised Shotspotter from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Craig Hallum started coverage on Shotspotter in a research report on Wednesday, December 4th. They issued a “buy” rating and a $30.00 target price for the company. Northland Securities upgraded Shotspotter from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $35.00 in a research note on Thursday, January 2nd. Finally, Lake Street Capital cut their price target on Shotspotter from $40.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Shotspotter has an average rating of “Buy” and a consensus target price of $38.10.
About Shotspotter
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.
