Trading at 28.48 (EL price+sub+15cents) per stock.


Sent from my iPhone using Tapatalk

you can't fool everyone all the time.
so, i would say that most of the sell-off is by investors who realised the ss they bought is not the ss they are today, after visiting their forum and here on msg to read so many unhappy contributors.
that, plus the recent intrusion of their network, and the stories, no, not stories, but evidents of the asleep at the wheel reviewers, management,etc
no one want to be there when the stock crash-dive after the main shareholderders finish their damage on what was once the number 1 microstock agency that was runned excellently,
until they went public and started to let shareholders control this company.

iow, eveyrone smart is using the lifeboat of the titanic before there is no lifeboats left.

Sometimes it's because insiders know something we don't know yet. I wonder if there's an announcement on the way.

Could be. And whatever it is, you can bet it ain't gonna be good news for us.

They are still at 55 times earnings, which I think is overvalued.  Short interest is at 28% - this is very high and implies most investors think it is going down.  They are supposed to announce Q3 results on Nov. 5th, so that will be interesting to see.  I would not buy it right now.

Over priced stock coming back to earth

Growth will be slower going forward noone will pay a premium for that

Jon should buy it back Now. Come back to work and put a soul back into the Place.

i think the stock was overvalued and Adobe entering the market brought it back to earth. However I still think they have potential, so I picked up a small portion of shares this week. Let�s see what they say in November.

SS won�t go away anytime soon. istock and Getty are more at risk IMO.

Over priced stock coming back to earth

Growth will be slower going forward noone will pay a premium for that

And Amazon isn't overpriced @17 cents/share last quarter.....first profit ever? Stock price $625!
Whole stock thing is a big joke! 

Jon should buy it back Now. Come back to work and put a soul back into the Place.

http://www.glassdoor.com/Reviews/Employee-Review-Shutterstock-RVW7829603.htm

 �Glory days are gone �
Former Employee - Marketing Manager in New York, NY
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at Shutterstock full-time (More than 5 years)

Pros

Nice perks and office, no clear responsibilities, doing whatever you want without somebody looking at results and delivery.

Cons

I was working in Marketing but I had strong interactions with all departments. Executive team left because personality of CEO, hundreds of folks across the board they left in a span of a few months, sadly - most of them superstars and talented ones. Technology team was hit the hardest, so with all mediocre folks remaining there the business is sputtering because of lack of innovation, execution, talent and ideas. Stock fell 60% in only a few months. The bubble bursted and until CEO is changed, nothing good will happen! Very negative workplace, where mediocrity runs everything, a real career killer. Don't waste your time with Shutterstock, any other place is better.Show Less

Advice to Management

Board of Directors should fire the CEO - is running the company to the ground. All talented people, all levels and departments left because of viciousness and lack of vision and strategy."

Quote from: noodle on October 21, 2015, 17:49

Over priced stock coming back to earth

Growth will be slower going forward noone will pay a premium for that

And Amazon isn't overpriced @17 cents/share last quarter.....first profit ever? Stock price $625!
Whole stock thing is a big joke!

Yes - there are a lot of bad deals out there
Better to spend your money on new camera gear and accessories!

And the CEO is Jon, right? How come he was a great leader before, but not now?

His hands were tied once he let Insight Venture Capital take the reins.

The below document reports that Insight Venture Partners worked closely with Jon, to recruit a new executive team at Shutterstock, in particular the President, CFO, CTO, VPCD and other mid-level managers.

Insight Venture Partners
Creating a Successful IPO
http://www.insightpartners.com/assets/Uploads/SuccessStory/Shutterstock.pdf

Insight Venture Capitol also owned a significant portion of SSTK stock under various entities. These were large and easily tracked INSIGHT VENTURE PARTNERS V L P, SHUTTERSTOCK INVESTORS I LLC, as well as Institutional holdings via INSIGHT HOLDINGS GROUP, LLC

SSTK Insider Activity (SEC Form 4)
http://www.nasdaq.com/symbol/sstk/insider-trades

Recent INSIGHT VENTURE MANAGEMENT's SSTK stock sales.
http://www.marketwatch.com/investing/Stock/SSTK/insideractions

Shutterstock, Inc. Ownership Summary Including Multiple Insight Venture Capitol Entities
http://www.nasdaq.com/symbol/sstk/ownership-summary#ixzz3IafANBvJ

https://www.pehub.com/2015/09/insight-venture-partners-beefs-up-staff-with-five-new-additions/

Snip

September 29, 2015 � Following the close of Insight Venture Partners� recent growth and buyout funds totaling $4.75 billion, the firm, a leading global private equity and venture capital investor, has announced the addition of five technology industry specialists who will provide expertise to portfolio companies as they scale revenue and operations. Jason Ewell, Josh Gray, Karl Karlsson, Emmet B. Keeffe III, and Thilo Semmelbauer join Nick Sinai as part of Insight Onsite, the firm�s team of value add portfolio-focused resources.

... Thilo Semmelbauer has been involved in technology ventures for over 25 years, most recently as President and COO of former Insight portfolio company, Shutterstock Inc., (NYSE: SSTK)

I remember Thilo Semmelbauer was selling SSTK on regular basis while he was President and COO.

http://www.secform4.com/insider-trading/1290183.htm

Seems like he didn't care much about company's future. And then he left right before the stock fell.

Completely agree none of them did.

I quit keeping track in January of this year, however at that time the key players place in the company by Insight venture capitol & Ownership By Multiple Insight Venture Capitol Entities, excluding Jon have granted themselves 16,356,140 shares of SSTK stock at a cost to themselves of $0.

If they disposed of it at an average share price of $70 which was the low stock price in January, that amounted to $1,144,929,800

It is clear that the last thing on their minds is the welfare of the company or contributors, their biggest concern was/is driving stock prices up, and they are in this for the short term. They know the window to drive stock prices up is limited. That is why you are seeing key players move on to the next lucrative IPO.

Thilo is not the only one placed by Insight Venture Capital to have jumped ship.

Shutterstock (SSTK) Taps Tumblr's Aggarwal as CTO
http://www.streetinsider.com/Management+Changes/Shutterstock+%28SSTK%29+Taps+Tumblrs+Aggarwal+as+CTO/10984622.html