AQR Capital Management LLC Sells 5,898 Shares of Shotspotter Inc (NASDAQ:SSTI)

AQR Capital Management LLC decreased its holdings in shares of Shotspotter Inc (NASDAQ:SSTI) by 44.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,470 shares of the company’s stock after selling 5,898 shares during the period. AQR Capital Management LLC’s holdings in Shotspotter were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Shotspotter by 11.3% during the 2nd quarter. BlackRock Inc. now owns 556,247 shares of the company’s stock worth $24,585,000 after buying an additional 56,681 shares during the period. Wells Fargo & Company MN raised its stake in Shotspotter by 32.4% during the 2nd quarter. Wells Fargo & Company MN now owns 487,721 shares of the company’s stock worth $21,557,000 after buying an additional 119,384 shares during the period. Redwood Investments LLC acquired a new position in Shotspotter during the 2nd quarter worth approximately $13,677,000. Russell Investments Group Ltd. raised its stake in Shotspotter by 0.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 201,884 shares of the company’s stock worth $8,922,000 after buying an additional 931 shares during the period. Finally, Calamos Advisors LLC acquired a new position in Shotspotter during the 2nd quarter worth approximately $8,302,000. 72.51% of the stock is currently owned by institutional investors and hedge funds.

In other Shotspotter news, VP Joseph O. Hawkins sold 1,911 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $29.01, for a total transaction of $55,438.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.40% of the stock is currently owned by corporate insiders.

Several brokerages have recently commented on SSTI. B. Riley lowered their price objective on Shotspotter from $59.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Imperial Capital reaffirmed an “outperform” rating and set a $48.00 price target (down from $49.00) on shares of Shotspotter in a research report on Wednesday, July 17th. BidaskClub downgraded Shotspotter from a “sell” rating to a “strong sell” rating in a research report on Friday, September 27th. William Blair reaffirmed a “market perform” rating on shares of Shotspotter in a research report on Wednesday, August 7th. Finally, JMP Securities set a $40.00 price objective on Shotspotter and gave the company a “buy” rating in a report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Shotspotter currently has an average rating of “Hold” and a consensus target price of $45.51.

Shares of NASDAQ SSTI opened at $20.35 on Friday. The stock has a fifty day simple moving average of $25.18 and a two-hundred day simple moving average of $38.47. Shotspotter Inc has a 1-year low of $19.52 and a 1-year high of $58.61. The firm has a market cap of $233.33 million, a price-to-earnings ratio of -78.27 and a beta of 2.64.

Shotspotter (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. Shotspotter had a negative return on equity of 4.86% and a negative net margin of 2.87%. The business had revenue of $10.30 million during the quarter, compared to analyst estimates of $10.43 million. During the same period in the prior year, the company earned ($0.03) earnings per share. Shotspotter’s revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that Shotspotter Inc will post 0.11 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Shotspotter (NASDAQ:SSTI)

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