Jonathan Oringer Sells 20,056 Shares of Shutterstock, Inc. (NYSE:SSTK) Stock

Shutterstock, Inc. (NYSE:SSTK) Chairman Jonathan Oringer sold 20,056 shares of the business’s stock in a transaction on Monday, September 13th. The shares were sold at an average price of $109.39, for a total transaction of $2,193,925.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jonathan Oringer also recently made the following trade(s):

  • On Thursday, September 9th, Jonathan Oringer sold 16,587 shares of Shutterstock stock. The shares were sold at an average price of $113.20, for a total transaction of $1,877,648.40.
  • On Tuesday, September 7th, Jonathan Oringer sold 12,790 shares of Shutterstock stock. The shares were sold at an average price of $113.55, for a total transaction of $1,452,304.50.
  • On Friday, September 3rd, Jonathan Oringer sold 13,094 shares of Shutterstock stock. The shares were sold at an average price of $114.30, for a total transaction of $1,496,644.20.
  • On Monday, August 9th, Jonathan Oringer sold 10,090 shares of Shutterstock stock. The shares were sold at an average price of $103.29, for a total transaction of $1,042,196.10.
  • On Friday, August 6th, Jonathan Oringer sold 21,649 shares of Shutterstock stock. The shares were sold at an average price of $102.81, for a total transaction of $2,225,733.69.
  • On Wednesday, August 4th, Jonathan Oringer sold 12,831 shares of Shutterstock stock. The shares were sold at an average price of $105.08, for a total transaction of $1,348,281.48.
  • On Monday, August 2nd, Jonathan Oringer sold 21,207 shares of Shutterstock stock. The shares were sold at an average price of $107.56, for a total transaction of $2,281,024.92.
  • On Wednesday, July 14th, Jonathan Oringer sold 310 shares of Shutterstock stock. The shares were sold at an average price of $102.86, for a total transaction of $31,886.60.
  • On Monday, July 12th, Jonathan Oringer sold 12,619 shares of Shutterstock stock. The stock was sold at an average price of $102.63, for a total transaction of $1,295,087.97.
  • On Thursday, July 8th, Jonathan Oringer sold 28,378 shares of Shutterstock stock. The stock was sold at an average price of $100.26, for a total transaction of $2,845,178.28.

SSTK traded up $2.12 during midday trading on Tuesday, reaching $111.92. The company had a trading volume of 292,768 shares, compared to its average volume of 280,280. The stock has a market cap of $4.10 billion, a PE ratio of 38.59, a P/E/G ratio of 3.55 and a beta of 1.08. Shutterstock, Inc. has a 12-month low of $49.14 and a 12-month high of $118.38. The business has a 50-day moving average price of $106.32 and a two-hundred day moving average price of $96.31.

Shutterstock (NYSE:SSTK) last released its earnings results on Tuesday, July 27th. The business services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.40. The firm had revenue of $189.90 million for the quarter, compared to analysts’ expectations of $179.45 million. Shutterstock had a net margin of 14.93% and a return on equity of 25.67%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Analysts anticipate that Shutterstock, Inc. will post 2.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 16th. Investors of record on Thursday, September 2nd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, September 1st. Shutterstock’s payout ratio is currently 41.58%.

Several equities research analysts have recently commented on SSTK shares. Truist boosted their target price on shares of Shutterstock from $116.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, September 8th. JMP Securities upped their price objective on shares of Shutterstock from $110.00 to $123.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 28th. Truist Securities upped their price objective on shares of Shutterstock from $116.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, September 8th. Zacks Investment Research raised shares of Shutterstock from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Tuesday, August 3rd. Finally, Needham & Company LLC upped their price objective on shares of Shutterstock from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $110.43.

Several hedge funds have recently made changes to their positions in SSTK. Allred Capital Management LLC purchased a new stake in shares of Shutterstock during the 1st quarter valued at approximately $27,000. FORA Capital LLC bought a new stake in Shutterstock during the 1st quarter worth approximately $40,000. Logan Capital Management Inc. bought a new stake in Shutterstock during the 1st quarter worth approximately $47,000. Wolverine Asset Management LLC bought a new stake in Shutterstock during the 1st quarter worth approximately $56,000. Finally, Advisory Services Network LLC bought a new stake in Shutterstock during the 2nd quarter worth approximately $59,000. Institutional investors own 64.74% of the company’s stock.

Shutterstock Company Profile

Shutterstock, Inc engages in the operation of marketplace for licensed content. The firm licenses images, video, music, editorial assets, and custom content tailored to a brand’s needs. It operates through the Content Business and Other Category segments. The Content segment consists of Bigstock, Music, and Editorial.

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