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SSTK Buyback image

Shutterstock, Inc. Buyback

OLI recorded this information on 6/7/2023

Company: Shutterstock, Inc.
Buyback: SSTK buyback
$Amount Authorized: $100,000,000
Buyback Details: Shutterstock, Inc. (NYSE: SSTK), a premier partner for transformative brands, digital media and marketing companies, today announced that its Board of Directors has approved a stock repurchase program, pursuant to which the Company is authorized to purchase up to $100 million of its common stock. The Company expects to fund repurchases through a combination of cash on hand, cash generated by operations and future financing transactions. Accordingly, the Company's stock repurchase program is subject to the Company having available cash to fund repurchases.

Shutterstock is a global creative platform providing solutions, content, and workflow solutions for brands, businesses and media companies. Co.'s primary offerings include: Images, consisting of photographs, vectors and illustrations; Footage, consisting of video clips, footage filmed by industry personnel and cinema grade video effects; Music, consisting of music tracks and sound effects, which are used to complement images and footage; 3 Dimensional Models, which used in various industries such as advertising, media and video production, gaming, retail, education, design and architecture; and Creative Design Software, consisting of its online graphic design and image editing platform.

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SSTK — Key Stats (updated Fri., Apr. 26, 11:14 AM)
Company Name:  Shutterstock Inc
Stock buyback:  SSTK buyback
Website:  www.shutterstock.com
Sector:  Application Software
Number of ETFs Holding SSTK:  54
Total Market Value Held by ETFs:  $288.39M
Total Market Capitalization:  $1.52B
% of Market Cap. Held by ETFs:  18.97%
 

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April 29, 2024  •  4:06 AM Eastern
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Hold (2.40 out of 4)
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