SoundThinking, Inc. (NASDAQ:SSTI) Given Consensus Rating of “Buy” by Brokerages

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.20.

A number of brokerages have recently commented on SSTI. JMP Securities dropped 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 note on Wednesday, November 13th. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday.

Insider Activity

In other SoundThinking news, 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 value 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of SoundThinking stock in a transaction on 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 directly owns 520,774 shares in the company, valued at approximately $6,046,186.14. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,632 shares of company stock worth $325,036 over the last quarter. 9.20% of the stock is currently owned by corporate insiders.

Institutional Trading of SoundThinking

Hedge funds have recently bought and sold shares of the business. Kopion Asset Management LLC boosted its holdings in shares of SoundThinking by 24.2% during the 4th quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock worth $9,497,000 after purchasing an additional 141,630 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in SoundThinking during the third quarter worth approximately $5,354,000. Rice Hall James & Associates LLC boosted its stake in SoundThinking by 9.8% during the fourth quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company’s stock worth $5,194,000 after buying an additional 35,584 shares during the last quarter. Geode Capital Management LLC grew its holdings in SoundThinking by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 216,121 shares of the company’s stock valued at $2,823,000 after buying an additional 2,547 shares in the last quarter. Finally, State Street Corp increased its stake in shares of SoundThinking by 4.3% in the 3rd quarter. State Street Corp now owns 197,024 shares of the company’s stock worth $2,284,000 after acquiring an additional 8,078 shares during the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Price Performance

Shares of NASDAQ SSTI opened at $15.12 on Friday. The stock has a market capitalization of $190.35 million, a price-to-earnings ratio of -125.99 and a beta of 1.18. SoundThinking has a 12 month low of $9.33 and a 12 month high of $18.70. The firm’s 50 day simple moving average is $13.20 and its 200-day simple moving average is $12.83.

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.