Shutterstock, Inc. (SSTK): Steven Berns , Chief Financial Officer of Shutterstock, Inc. sold 847 shares on Jun 16, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $43.30 per share for a total value of $36,678.49 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Catherine Ulrich (Chief Product Officer) sold 5,964 shares at $36.77 per share price.On Sep 10, 2015, Nicholas Flynn (SVP Enterprise Sales) sold 615 shares at $33.48 per share price.Also, On Aug 28, 2015, Jonathan Oringer (CEO) purchased 100,000 shares at $34.02 per share price.On Mar 6, 2015, Timothy E Bixby (Chief Financial Officer) sold 2,067 shares at $58.54 per share price.
Shutterstock Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Shutterstock Inc which led to swings in the share price. The shares opened for trading at $42.94 and hit $43.9 on the upside , eventually ending the session at $43.58, with a gain of 2.06% or 0.88 points. The heightened volatility saw the trading volume jump to 2,04,559 shares. The 52-week high of the share price is $64.13 and the company has a market cap of $1,525 M . The 52-week low of the share price is at $25.44.
Shutterstock Inc. (Shutterstock) operates a global marketplace for commercial digital content including images video and music. The Company’s commercial digital imagery consists of licensed photographs illustrations and video clips that companies use in their visual communications such as Websites digital and print marketing materials corporate communications books publications and video content while commercial music consists of music tracks. The demand for commercial digital imagery and music comes from businesses marketing agencies and media organizations. It reaches new customers through a set of marketing channels including online display advertising print advertising tradeshows email marketing direct mail affiliate marketing public relations social media and partnerships. The Company’s online marketplace provides a freely searchable collection of commercial digital imagery and music that its users can pay to license download and incorporate into their work.