SoundThinking, Inc. (NASDAQ:SSTI) Short Interest Update

SoundThinking, Inc. (NASDAQ:SSTI) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 175,300 shares, an increase of 20.1% from the November 15th total of 146,000 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 57,500 shares, the short-interest ratio is currently 3.0 days.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SSTI. JMP Securities dropped their price target on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. Craig Hallum cut their target price 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. Finally, Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.20.

SoundThinking Trading Down 2.7 %

Shares of NASDAQ:SSTI traded down $0.35 on Friday, hitting $12.48. The company had a trading volume of 34,006 shares, compared to its average volume of 60,559. The company has a market cap of $157.12 million, a PE ratio of -103.99 and a beta of 1.19. SoundThinking has a 52-week low of $9.33 and a 52-week high of $26.92. The business has a 50 day moving average of $11.95 and a 200 day moving average of $12.93.

SoundThinking (NASDAQ:SSTI) last released its earnings results 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). The firm had revenue of $26.25 million during the quarter, compared to analysts’ expectations of $26.20 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. During the same quarter last year, the company posted ($0.09) earnings per share. As a group, equities analysts predict that SoundThinking will post -0.39 EPS for the current year.

Insider Buying and Selling

In related news, CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the transaction, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at $1,936,971.45. This trade represents a 9.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 19,688 shares of company stock valued at $267,576. Corporate insiders own 9.20% of the company’s stock.

Institutional Trading of SoundThinking

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake 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 worth $102,000 after purchasing an additional 5,236 shares during the period. Rhumbline Advisers increased its stake in SoundThinking by 5.4% in 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. Ibex Investors LLC purchased a new position in SoundThinking during the second quarter worth about $171,000. Cim LLC boosted its stake in SoundThinking by 18.5% in the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after buying an additional 3,094 shares during the last quarter. Finally, Barclays PLC grew its holdings in SoundThinking by 245.5% in the 3rd quarter. Barclays PLC now owns 24,755 shares of the company’s stock valued at $286,000 after buying an additional 17,591 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.