Mariner Investment Group LLC purchased a new stake in shares of Shotspotter Inc (NASDAQ:SSTI) during the 4th quarter, HoldingsChannel reports. The fund purchased 68,571 shares of the company’s stock, valued at approximately $963,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of Shotspotter by 2.4% during the third quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock valued at $2,776,000 after purchasing an additional 4,931 shares during the last quarter. Trellus Management Company LLC boosted its stake in Shotspotter by 5.8% in the third 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. Tower Research Capital LLC TRC boosted its stake in Shotspotter by 3,457.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,968 shares of the company’s stock valued at $112,000 after acquiring an additional 7,744 shares during the last quarter. Virtu Financial LLC bought a new position in Shotspotter in the fourth quarter valued at approximately $160,000. Finally, Goldman Sachs Group Inc. bought a new position in Shotspotter in the second quarter valued at approximately $181,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.
In other news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of Shotspotter stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $15.00, for a total transaction of $14,246,685.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Alan R. Stewart acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average price of $13.53 per share, for a total transaction of $40,590.00. The disclosure for this purchase can be found here.
A number of brokerages have issued reports on SSTI. Northland Securities reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Shotspotter in a research note on Friday, November 10th. Imperial Capital set a $20.00 price objective on shares of Shotspotter and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Roth Capital raised their price objective on shares of Shotspotter from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th.
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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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