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

SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.61, for a total value of $68,882.13. Following the sale, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. This represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

SoundThinking Trading Down 0.2 %

Shares of NASDAQ SSTI opened at $12.29 on Friday. SoundThinking, Inc. has a one year low of $9.33 and a one year high of $26.92. The business has a 50-day moving average price of $12.02 and a two-hundred day moving average price of $12.86. The firm has a market capitalization of $154.72 million, a PE ratio of -102.41 and a beta of 1.19.

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

Hedge Funds Weigh In On SoundThinking

Several institutional investors and hedge funds have recently modified their holdings of SSTI. Rhumbline Advisers boosted its position in SoundThinking by 5.4% during the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after purchasing an additional 716 shares during the last quarter. Cim LLC raised its stake in shares of SoundThinking by 18.5% during the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after purchasing an additional 3,094 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SoundThinking by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock valued at $482,000 after buying an additional 3,268 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after buying an additional 5,236 shares during the last quarter. Finally, State Street Corp grew its stake in shares of SoundThinking by 4.3% in the 3rd quarter. State Street Corp now owns 197,024 shares of the company’s stock valued at $2,284,000 after buying an additional 8,078 shares in the last quarter. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on SSTI shares. 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 note on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Finally, JMP Securities decreased their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.