SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark Sells 5,933 Shares

SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark sold 5,933 shares of SoundThinking stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.61, for a total value of $68,882.13. Following the transaction, the chief executive officer now owns 520,774 shares of the company’s stock, valued at $6,046,186.14. This represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

SoundThinking Stock Performance

Shares of SoundThinking stock opened at $12.32 on Thursday. The firm has a 50-day moving average of $12.00 and a 200-day moving average of $12.86. SoundThinking, Inc. has a 52-week low of $9.33 and a 52-week high of $26.92. The stock has a market cap of $155.10 million, a PE ratio of -102.66 and a beta of 1.19.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The business had revenue of $26.25 million during the quarter, compared to the consensus estimate of $26.20 million. During the same period in the prior year, the firm earned ($0.09) EPS. Equities research analysts predict that SoundThinking, Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SoundThinking

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in SoundThinking by 145.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after acquiring an additional 5,236 shares in the last quarter. Rhumbline Advisers increased its position in shares of SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after purchasing an additional 716 shares during the period. Ibex Investors LLC acquired a new position in SoundThinking in the second quarter valued at about $171,000. Cim LLC lifted its position in SoundThinking by 18.5% during the second quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after purchasing an additional 3,094 shares during the period. Finally, Barclays PLC grew its stake in SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock worth $286,000 after buying an additional 17,591 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

Wall Street Analyst Weigh In

SSTI has been the subject of a number of research analyst reports. Craig Hallum reduced their price objective on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, JMP Securities lowered their price target on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.20.

About SoundThinking

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.