SoundThinking (NASDAQ:SSTI) Insider Sells $13,905.18 in Stock

SoundThinking, Inc. (NASDAQ:SSTI) insider Nasim Golzadeh sold 2,306 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $6.03, for a total value of $13,905.18. Following the sale, the insider directly owned 88,603 shares in the company, valued at $534,276.09. This represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nasim Golzadeh also recently made the following trade(s):

• On Tuesday, November 18th, Nasim Golzadeh sold 461 shares of SoundThinking stock. The shares were sold at an average price of $6.10, for a total value of $2,812.10.

SoundThinking Stock Performance

SoundThinking stock traded up $0.17 during midday trading on Tuesday, hitting $6.15. 589,254 shares of the company were exchanged, compared to its average volume of 74,838. The firm has a market capitalization of $78.09 million, a PE ratio of -7.78 and a beta of 1.17. SoundThinking, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $19.43. The business has a fifty day simple moving average of $9.56 and a two-hundred day simple moving average of $12.10.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. The company had revenue of $25.10 million during the quarter, compared to analyst estimates of $27.97 million. As a group, equities analysts expect that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On SoundThinking

Several institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of SoundThinking during the third quarter valued at approximately $31,000. BNP Paribas Financial Markets raised its stake in SoundThinking by 160.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after purchasing an additional 1,688 shares during the last quarter. State of Wyoming acquired a new position in SoundThinking in the 2nd quarter valued at $33,000. MetLife Investment Management LLC purchased a new position in SoundThinking in the 1st quarter valued at $98,000. Finally, Strs Ohio acquired a new stake in SoundThinking during the 1st quarter worth $127,000. 60.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSTI has been the topic of several analyst reports. Craig Hallum lowered shares of SoundThinking from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research report on Thursday, November 13th. Zacks Research upgraded SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Roth Capital reaffirmed a “buy” rating and issued a $20.00 price target (down previously from $30.00) on shares of SoundThinking in a report on Thursday, November 13th. Cantor Fitzgerald lowered their price target on SoundThinking from $20.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Finally, Wall Street Zen cut SoundThinking from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SoundThinking has an average rating of “Moderate Buy” and an average price target of $17.67.

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.