Chairman Jonathan Oringer Profits from Sale of 5400 Shares of Shutterstock Stock

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Shutterstock ($NYSE:SSTK), Inc., the global technology company, has seen its chairman, Jonathan Oringer, profit from the sale of 5,400 of his shares at Defense World. The company is credited for creating a disruptive, global marketplace for digital content that has allowed businesses to license and pay for content on demand. Chairman Oringer recently sold his 5,400 shares at Defense World, profiting from his transaction.

The sale is part of a larger trend of executives and founders selling stock in their own companies. Though shareholders may be concerned with such action by top executives, it is not always indicative of a negative outlook and can be used as a way of diversifying portfolio holdings.

Price History

On Thursday, SHUTTERSTOCK stock opened at $69.5 and closed at $68.1, down by 3.0% from its prior closing price of 70.2. The stock’s trading volume was also high, with over 4 million shares changing hands during the day. Shutterstock_Stock”>Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Shutterstock. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Shutterstock. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Shutterstock. More…

Key Ratios Snapshot

Some of the financial key ratios for Shutterstock are shown below. More…

Analysis

GoodWhale has conducted an in-depth analysis of SHUTTERSTOCK’s financials, and the results indicate a high risk investment in terms of financial and business aspects. Our Risk Rating system has identified several risk warnings on SHUTTERSTOCK’s income sheet, balance sheet, and financial journal. These risk warnings may signal a warning sign of potential issues that investors should consider before investing in SHUTTERSTOCK. To help investors understand the potential risks associated with investing in SHUTTERSTOCK, we encourage them to register with us to access our analysis of SHUTTERSTOCK’s financials. We provide detailed information about the risks we have detected, as well as our recommendations for mitigating these risks. With the help of our Risk Rating system, investors can make more informed decisions about their investments, and can be better prepared for potential challenges in the future. Shutterstock_Stock”>More…

Peers

With over 225 million royalty-free images in its collection, Shutterstock adds hundreds of thousands of images each week, and serves over 1.5 million customers in 150 countries. Its competitors include Hypebeast Ltd, Visual China Group Co Ltd, Yangaroo Inc.

– Hypebeast Ltd ($SEHK:00150)

Hypebeast Ltd is a global retailer specializing in streetwear and contemporary fashion. As of 2022, the company has a market capitalization of 1.01 billion and a return on equity of 20.07%. Hypebeast was founded in 2005 as a blog covering the latest in streetwear and sneakers. Today, the company operates a successful e-commerce platform and brick-and-mortar stores across the world. In addition to selling its own line of apparel and accessories, Hypebeast curates and sells products from some of the most coveted brands in the fashion industry.

– Visual China Group Co Ltd ($SZSE:000681)

Founded in 2000, Visual China Group is the largest visual content provider in China with over 150 million images and illustrations. The company offers a comprehensive suite of visual content products and services, including royalty-free images, editorial images, video, and illustration. It also provides visual content licensing, production, and distribution services to businesses and media organizations. As of 2022, Visual China Group has a market cap of 7.61B and a return on equity of 1.87%. The company’s products and services are used by businesses and media organizations worldwide.

– Yangaroo Inc ($TSXV:YOO)

Kangaroo is a provider of secure digital workspaces. The company has a market cap of 3.11M and a return on equity of 21.73%. Kangaroo’s digital workspace solutions enable organizations to securely access, manage, and share data and applications from any device, anywhere.

Summary

This move caused the stock price to drop for the day, leading to analysis of Shutterstock‘s current investment prospects. Analysts suggest that the financial performance of the company is still strong and its future outlook remains positive. However, due to the recent sell-off, investors are advised to monitor the stock closely and make decisions accordingly. The company’s long-term growth potential is still intact, and investors should be mindful of market conditions before investing in Shutterstock.