shutterstock, inc. operates an online marketplace for commercial digital images, videos and music. we offer various photographs covering various subjects, such as animals/wildlife, the arts, backgrounds/textures, beauty/fashion, buildings/landmarks, business/finance, celebrities, education, food and drink, healthcare/medical, holidays, nature, objects, people, religion, science, sports/recreation, technology, and transportation; illustrations and vector art images; and video footage for users engaged in producing video advertisements, commercial motion pictures, television programming, video games, interactive applications, and other video-based media. we provide products for users to enhance their visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and video content. we also license commercial digital imagery to our customers; and offers online learning platform for digital professionals. we serve business cust
Company profile
Ticker
SSTK
Exchange
Website
CEO
Stan Pavlovsky
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Shutterstock Images C.V. • Shutterstock Netherlands B.V. • Shutterstock GmbH • Shutterstock (UK) Ltd. • Shutterstock International • Rex Features (Holdings) Ltd. • Rex Features Ltd. • Shutterstock (France) SAS • Shutterstock Hong Kong Ltd. • Shutterstock Ireland Ltd ...
IRS number
800812659
SSTK stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Shutterstock Reports First Quarter 2024 Financial Results
2 May 24
DEFA14A
Additional proxy soliciting materials
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
8-K
Other Events
23 Apr 24
10-K
2023 FY
Annual report
26 Feb 24
8-K
Shutterstock Reports Full Year 2023 and Fourth Quarter Financial Results
21 Feb 24
8-K
Shutterstock Increases Quarterly Dividend by 11% to $0.30 per share
31 Jan 24
S-3ASR
Automatic shelf registration
21 Dec 23
Transcripts
SSTK
Earnings call transcript
2024 Q1
2 May 24
SSTK
Earnings call transcript
2023 Q4
21 Feb 24
SSTK
Earnings call transcript
2023 Q3
31 Oct 23
SSTK
Earnings call transcript
2023 Q2
1 Aug 23
SSTK
Earnings call transcript
2023 Q2
1 Aug 23
SSTK
Earnings call transcript
2023 Q1
25 Apr 23
SSTK
Earnings call transcript
2022 Q4
9 Feb 23
SSTK
Earnings call transcript
2022 Q3
25 Oct 22
SSTK
Earnings call transcript
2022 Q2
26 Jul 22
SSTK
Earnings call transcript
2022 Q1
26 Apr 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 71.81 mm | 71.81 mm | 71.81 mm | 71.81 mm | 71.81 mm | 71.81 mm |
Cash burn (monthly) | 9.56 mm | 2.00 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 22.01 mm | 4.61 mm | n/a | n/a | n/a | n/a |
Cash remaining | 49.80 mm | 67.20 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 5.2 | 33.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
7.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 31 |
Opened positions | 3 |
Closed positions | 198 |
Increased positions | 10 |
Reduced positions | 13 |
13F shares | Current |
---|---|
Total value | 116.91 bn |
Total shares | 2.50 mm |
Total puts | 1.50 k |
Total calls | 100.00 |
Total put/call ratio | 15.0 |
Largest owners | Shares | Value |
---|---|---|
Copeland Capital Management | 1.39 mm | $67.32 bn |
Boston Trust Walden | 584.23 k | $28.21 bn |
Carolina Wealth Advisors | 109.84 k | $5.30 bn |
Assenagon Asset Management | 88.70 k | $4.28 bn |
Nordea Investment Management Ab | 74.22 k | $3.58 bn |
Raymond James & Associates | 62.34 k | $3.01 bn |
Mirae Asset Global Investments | 40.24 k | $1.94 bn |
SG Americas Securities | 25.74 k | $1.24 mm |
Hennion & Walsh Asset Management | 25.56 k | $1.23 bn |
Allspring Global Investments | 19.46 k | $939.58 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Jun 24 | Alfonse L Upshaw | RSU Common Stock | Grant | Acquire A | No | No | 0 | 4,318 | 0.00 | 4,318 |
6 Jun 24 | Evans Thomas R | RSU Common Stock | Grant | Acquire A | No | No | 0 | 4,318 | 0.00 | 4,318 |
6 Jun 24 | Bhasin Rachna | RSU Common Stock | Grant | Acquire A | No | No | 0 | 4,318 | 0.00 | 4,318 |
6 Jun 24 | Bigley Deirdre Mary | RSU Common Stock | Grant | Acquire A | No | No | 0 | 4,318 | 0.00 | 4,318 |
5 Jun 24 | Alfonse L Upshaw | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,781 | 0.00 | 2,781 |
5 Jun 24 | Alfonse L Upshaw | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,781 | 0.00 | 0 |
5 Jun 24 | Evans Thomas R | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,781 | 0.00 | 25,091 |
5 Jun 24 | Evans Thomas R | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,781 | 0.00 | 0 |
5 Jun 24 | Bhasin Rachna | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,781 | 0.00 | 18,403 |
5 Jun 24 | Bhasin Rachna | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,781 | 0.00 | 0 |
News
Shutterstock Expands AI Horizons: New Partnership with Reka AI to Enhance Digital Asset Metadata
4 Jun 24
Needham Reiterates Buy on Shutterstock, Maintains $65 Price Target
14 May 24
Truist Securities Maintains Buy on Shutterstock, Lowers Price Target to $65
6 May 24
Needham Maintains Buy on Shutterstock, Raises Price Target to $65
3 May 24
Assessing Shutterstock: Insights From 6 Financial Analysts
2 May 24
Press releases
Shutterstock Studios Sweeps Awards Season with 15 Telly Awards and Four Webby Honors
29 May 24
Shutterstock Enters into Definitive Agreement to Acquire Envato, Featuring Envato Elements, the Unlimited Creative Content Subscription
2 May 24
Shutterstock Enters into Definitive Agreement to Acquire Envato, Featuring Envato Elements, the Unlimited Creative Content Subscription
2 May 24
Shutterstock Reports First Quarter 2024 Financial Results
2 May 24
Shutterstock To Report First Quarter 2024 Earnings Results on May 2, 2024
11 Apr 24