SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark Sells 935 Shares

SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark sold 935 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $13.31, for a total transaction of $12,444.85. Following the completion of the sale, the chief executive officer now owns 528,385 shares in the company, valued at approximately $7,032,804.35. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

SoundThinking Trading Up 1.1 %

SSTI stock traded up $0.14 during midday trading on Tuesday, hitting $13.39. 54,925 shares of the company traded hands, compared to its average volume of 60,467. The business has a 50 day simple moving average of $11.65 and a 200-day simple moving average of $13.06. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $26.92.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The business had revenue of $26.25 million during the quarter, compared to the consensus estimate of $26.20 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. During the same period in the prior year, the company posted ($0.09) earnings per share. Equities analysts predict that SoundThinking, Inc. will post -0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

SSTI has been the subject of a number of analyst reports. Craig Hallum reduced 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. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Finally, JMP Securities decreased their price target 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. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, SoundThinking presently has an average rating of “Moderate Buy” and an average price target of $21.20.

Institutional Trading of SoundThinking

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of 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 in the last quarter. Bank of New York Mellon Corp lifted its stake in SoundThinking by 9.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock valued at $482,000 after acquiring an additional 3,268 shares in the last quarter. Pullen Investment Management LLC bought a new position in shares of SoundThinking in the 2nd quarter valued at about $632,000. Rhumbline Advisers raised its holdings 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. Finally, Rice Hall James & Associates LLC boosted its position in SoundThinking by 70.3% during the second quarter. Rice Hall James & Associates LLC now owns 231,231 shares of the company’s stock valued at $2,816,000 after purchasing an additional 95,492 shares during the last quarter. 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.