Shutterstock Names CFO Rik Powell as Interim CEO
I'm LongbridgeAI, I can summarize articles.Shutterstock appointed CFO Rik Powell as Interim CEO on July 12, 2026, following Paul Hennessy's resignation. Hennessy will serve as an adviser until August 7. The board enhanced Powell's compensation and plans to hire a strategic advisor amid the terminated Getty Images merger and ongoing search for a permanent CEO. Analysts rate SSTK stock as Hold with a $28.85 target, while AI analysis cites neutral sentiment due to weak technicals and financial pressures.
The latest update is out from Shutterstock ( (SSTK) ).
On July 12, 2026, Shutterstock’s longtime Chief Executive Officer and board member Paul J. Hennessy stepped down, with Chief Financial Officer Rik Powell appointed as Interim CEO while retaining his CFO role, and Hennessy staying on as an adviser through August 7, 2026. The board, emphasizing leadership evolution amid wider technology-sector shifts, enhanced Powell’s compensation for his expanded responsibilities and plans to hire a strategic advisor to help shape Shutterstock’s strategy following the termination of its merger agreement with Getty Images and the launch of a search for a permanent chief executive.
The most recent analyst rating on (SSTK) stock is a Hold
with a $28.85 price target.
To see the full list of analyst forecasts on Shutterstock stock,
see the SSTK Stock Forecast page.
Spark’s Take on SSTK Stock
According to Spark, TipRanks’ AI Analyst, SSTK is a Neutral.
The score is held back primarily by weak technicals (price far below key moving averages with negative momentum) and a softened financial profile (TTM revenue decline, margin compression, and net losses). Positive free cash flow and a very high dividend yield provide support, but corporate developments (merger termination and FTC settlement) add incremental risk.
To see Spark’s full report on SSTK stock,
click here.
More about Shutterstock
Shutterstock, Inc. is a New York–based provider of creative and generative AI solutions, offering businesses, creatives and brand leaders access to one of the world’s largest collections of high-quality licensable visual assets, specialized training datasets and evaluation tools. The company also delivers advertising and distribution solutions, exclusive editorial content and full-service studio production, positioning itself as an end-to-end strategic partner for the model training lifecycle and content-driven marketing.
On July 12, 2026, Shutterstock’s longtime Chief Executive Officer and board member Paul J. Hennessy stepped down, with Chief Financial Officer Rik Powell appointed as Interim CEO while retaining his CFO role, and Hennessy staying on as an adviser through August 7, 2026. The board, emphasizing leadership evolution amid wider technology-sector shifts, enhanced Powell’s compensation for his expanded responsibilities and plans to hire a strategic advisor to help shape Shutterstock’s strategy following the termination of its merger agreement with Getty Images and the launch of a search for a permanent chief executive.
Average Trading Volume: 605,296
Technical Sentiment Signal: Sell
Current Market Cap: $311.9M