Cantor Fitzgerald Reaffirms Overweight Rating for SoundThinking (NASDAQ:SSTI)

SoundThinking (NASDAQ:SSTI)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a report released on Wednesday,Benzinga reports. They currently have a $20.00 price target on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 46.20% from the stock’s current price.

Several other equities research analysts also recently issued reports on SSTI. Craig Hallum raised SoundThinking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. JMP Securities lowered their target price on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.20.

SoundThinking Stock Down 3.7 %

Shares of SSTI opened at $13.68 on Wednesday. The firm has a market cap of $172.22 million, a price-to-earnings ratio of -113.99 and a beta of 1.18. The company’s fifty day moving average is $13.30 and its 200-day moving average is $12.81. SoundThinking has a 12 month low of $9.33 and a 12 month high of $18.70.

SoundThinking (NASDAQ:SSTI) last posted its earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The company had revenue of $23.41 million for the quarter, compared to the consensus estimate of $26.65 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. As a group, research analysts predict that SoundThinking will post -0.42 earnings per share for the current fiscal year.

Insider Activity at SoundThinking

In other news, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction of $209,250.00. Following the sale, the chief financial officer now owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the chief executive officer now owns 520,774 shares of the company’s stock, valued at $6,046,186.14. The trade was a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,632 shares of company stock worth $325,036. Company insiders own 9.20% of the company’s stock.

Institutional Investors Weigh In On SoundThinking

A number of institutional investors have recently bought and sold shares of SSTI. Trexquant Investment LP lifted its holdings in shares of SoundThinking by 3.2% during the 4th quarter. Trexquant Investment LP now owns 56,422 shares of the company’s stock worth $737,000 after acquiring an additional 1,745 shares during the period. Geode Capital Management LLC raised its position in SoundThinking by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 216,121 shares of the company’s stock worth $2,823,000 after purchasing an additional 2,547 shares in the last quarter. Sherbrooke Park Advisers LLC lifted its stake in SoundThinking by 18.2% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 23,302 shares of the company’s stock worth $304,000 after purchasing an additional 3,589 shares during the period. Hsbc Holdings PLC boosted its holdings in SoundThinking by 13.2% during the fourth quarter. Hsbc Holdings PLC now owns 41,782 shares of the company’s stock valued at $555,000 after purchasing an additional 4,886 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of 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 purchasing an additional 5,236 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.