SoundThinking, Inc. (NASDAQ:SSTI) CFO Sells $209,250.00 in Stock

SoundThinking, Inc. (NASDAQ:SSTI) CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the sale, the chief financial officer now directly owns 138,851 shares in the company, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

SoundThinking Trading Down 2.7 %

Shares of NASDAQ:SSTI opened at $12.48 on Friday. SoundThinking, Inc. has a 12-month low of $9.33 and a 12-month high of $26.92. The stock’s 50-day moving average price is $11.95 and its two-hundred day moving average price is $12.96. The firm has a market cap of $157.12 million, a price-to-earnings ratio of -103.99 and a beta of 1.19.

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 the consensus estimate of ($0.08) by ($0.03). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The company had revenue of $26.25 million during the quarter, compared to analyst estimates of $26.20 million. During the same period in the prior year, the business posted ($0.09) earnings per share. As a group, research analysts forecast that SoundThinking, Inc. will post -0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Craig Hallum decreased their price target on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Finally, JMP Securities cut 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 report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.20.

Institutional Trading of SoundThinking

A number of institutional investors and hedge funds have recently made changes to their positions in SSTI. BNP Paribas Financial Markets boosted 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 last quarter. Rhumbline Advisers lifted its stake in shares of SoundThinking by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after purchasing an additional 716 shares in the last quarter. Ibex Investors LLC purchased a new stake in shares of SoundThinking during the 2nd quarter worth about $171,000. Cim LLC increased its position in 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. Finally, Cubist Systematic Strategies LLC purchased a new position in SoundThinking in the second quarter valued at approximately $298,000. 60.74% of the stock is currently owned by institutional investors and hedge funds.

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.