SoundThinking, Inc. (NASDAQ:SSTI) CEO Sells $68,882.13 in Stock

SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction dated 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 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 document filed with the SEC, which is available at this hyperlink.

SoundThinking Trading Up 0.3 %

NASDAQ:SSTI opened at $12.33 on Friday. The business’s fifty day moving average price is $12.04 and its 200 day moving average price is $12.85. SoundThinking, Inc. has a 1-year low of $9.33 and a 1-year high of $26.45. The firm has a market capitalization of $155.22 million, a price-to-earnings ratio of -102.74 and a beta of 1.19.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The company had revenue of $26.25 million during 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 period in the prior year, the firm earned ($0.09) EPS. Equities analysts forecast that SoundThinking, Inc. will post -0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

SSTI has been the subject of a number of analyst reports. JMP Securities reduced their price objective 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. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, 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 note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SSTI. BNP Paribas Financial Markets raised 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 buying an additional 5,236 shares in the last quarter. Rhumbline Advisers raised its stake in SoundThinking by 5.4% during the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after acquiring an additional 716 shares in the last quarter. Ibex Investors LLC acquired a new position in SoundThinking in the second quarter valued at about $171,000. Cim LLC boosted its holdings in shares of SoundThinking by 18.5% in the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock worth $286,000 after purchasing an additional 17,591 shares during the last quarter. Institutional investors 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.