SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark Sells 6,479 Shares

SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark sold 6,479 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total transaction of $88,373.56. Following the transaction, the chief executive officer now directly owns 529,894 shares of the company’s stock, valued at approximately $7,227,754.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SoundThinking Stock Down 0.5 %

Shares of SoundThinking stock traded down $0.07 during trading on Thursday, reaching $13.41. The company’s stock had a trading volume of 64,513 shares, compared to its average volume of 62,118. SoundThinking, Inc. has a 52-week low of $11.00 and a 52-week high of $26.92. The company has a market cap of $171.55 million, a price-to-earnings ratio of -41.91 and a beta of 1.21. The firm’s 50-day moving average is $13.77 and its two-hundred day moving average is $14.54.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. SoundThinking had a negative net margin of 1.85% and a negative return on equity of 8.44%. The company had revenue of $26.96 million during the quarter, compared to analysts’ expectations of $25.60 million. On average, equities research analysts anticipate that SoundThinking, Inc. will post -0.38 EPS for the current year.

Institutional Investors Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSTI. Rhumbline Advisers raised its holdings in SoundThinking by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after buying an additional 716 shares during the last quarter. Ibex Investors LLC bought a new stake in SoundThinking during the 2nd quarter valued at $171,000. Premier Fund Managers Ltd bought a new stake in SoundThinking during the 4th quarter valued at $252,000. Cubist Systematic Strategies LLC bought a new stake in SoundThinking during the 2nd quarter valued at $298,000. Finally, Hsbc Holdings PLC bought a new stake in SoundThinking during the 2nd quarter valued at $398,000. 60.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Cantor Fitzgerald reduced their price objective on shares of SoundThinking from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, May 15th. Craig Hallum reduced their price objective on shares of SoundThinking from $19.00 to $17.50 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Lake Street Capital assumed coverage on shares of SoundThinking in a research note on Friday, May 24th. They issued a “buy” rating and a $21.00 price target for the company. Roth Mkm reissued a “buy” rating and issued a $30.00 price target on shares of SoundThinking in a research note on Wednesday, May 15th. Finally, William Blair cut shares of SoundThinking from an “outperform” rating to a “market perform” rating in a research note on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

SoundThinking Company Profile

SoundThinking, Inc, a public safety technology company that provides transformative solutions and strategic advisory services for law enforcement and civic leadership. Its SafetySmart Platform, an integrated suite of data-driven tools that enable law enforcement and community violence prevention and health organizations to be efficient in public safety outcomes.