Alan R. Stewart Sells 15,000 Shares of SoundThinking, Inc. (NASDAQ:SSTI) Stock

SoundThinking, Inc. (NASDAQ:SSTI) CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 138,851 shares in the company, valued at $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

SoundThinking Trading Down 2.7 %

Shares of SSTI stock opened at $12.48 on Friday. The stock has a 50 day simple moving average of $11.95 and a 200-day simple moving average of $12.96. The company has a market cap of $157.12 million, a price-to-earnings ratio of -103.99 and a beta of 1.19. SoundThinking, Inc. has a 12-month low of $9.33 and a 12-month high of $26.92.

SoundThinking (NASDAQ:SSTI) last released its earnings results on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The business had revenue of $26.25 million during the quarter, compared to analyst estimates of $26.20 million. During the same period last year, the business posted ($0.09) EPS. On average, equities analysts forecast that SoundThinking, Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of SoundThinking

A number of institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its position in shares of SoundThinking by 14.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock valued at $18,331,000 after acquiring an additional 190,000 shares during the period. Vanguard Group Inc. raised its holdings in SoundThinking by 6.9% during the first quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock worth $8,010,000 after purchasing an additional 32,452 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new stake in SoundThinking in the third quarter valued at $5,354,000. Rice Hall James & Associates LLC increased its position in shares of SoundThinking by 56.6% in the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock valued at $4,197,000 after buying an additional 130,913 shares in the last quarter. Finally, State Street Corp raised its stake in shares of SoundThinking by 4.3% during the 3rd quarter. State Street Corp now owns 197,024 shares of the company’s stock worth $2,284,000 after buying an additional 8,078 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. JMP Securities dropped 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. Finally, Craig Hallum decreased their price target on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.20.

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.