Brokerages Set SoundThinking, Inc. (NASDAQ:SSTI) PT at $21.20

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.20.

Several brokerages have recently weighed in on SSTI. Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 target price on shares of SoundThinking in a research note on Wednesday. JMP Securities reduced their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. Finally, Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th.

SoundThinking Trading Down 3.8 %

Shares of SSTI stock opened at $16.26 on Friday. SoundThinking has a 12-month low of $9.33 and a 12-month high of $18.39. The stock has a market capitalization of $204.70 million, a P/E ratio of -135.49 and a beta of 1.18. The firm’s 50 day moving average is $13.47 and its 200 day moving average is $12.86.

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

Insider Buying and Selling at SoundThinking

In other news, CEO Ralph A. Clark sold 5,933 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the sale, the chief executive officer now owns 520,774 shares in the company, valued at approximately $6,046,186.14. The trade was 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 accessible through this hyperlink. Also, CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total transaction of $209,250.00. Following the transaction, the chief financial officer now owns 138,851 shares in the company, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,350 shares of company stock worth $308,032 over the last three months. Corporate insiders own 9.20% of the company’s stock.

Institutional Trading of SoundThinking

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pullen Investment Management LLC grew its position in SoundThinking by 70.0% during the 3rd quarter. Pullen Investment Management LLC now owns 88,152 shares of the company’s stock worth $1,022,000 after purchasing an additional 36,290 shares during the period. Rice Hall James & Associates LLC grew its holdings in SoundThinking by 56.6% during the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock worth $4,197,000 after acquiring an additional 130,913 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SoundThinking by 42.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company’s stock valued at $635,000 after acquiring an additional 16,336 shares during the period. BNP Paribas Financial Markets lifted its holdings in SoundThinking by 145.2% in the third 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 during the period. Finally, Walleye Capital LLC boosted its position in SoundThinking by 61.9% in the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company’s stock worth $602,000 after purchasing an additional 19,861 shares in the last quarter. 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.