Ralph A. Clark Sells 5,933 Shares of SoundThinking, Inc. (NASDAQ:SSTI) Stock

SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark sold 5,933 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.61, for a total value of $68,882.13. Following the completion of the sale, the chief executive officer now directly owns 520,774 shares in the company, valued at $6,046,186.14. This represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SoundThinking Trading Down 0.2 %

SoundThinking stock opened at $12.29 on Friday. SoundThinking, Inc. has a 52 week low of $9.33 and a 52 week high of $26.92. The stock has a market cap of $154.72 million, a price-to-earnings ratio of -102.41 and a beta of 1.19. The company’s 50-day moving average price is $12.02 and its two-hundred day moving average price is $12.86.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data 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). The company 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 quarter last year, the business earned ($0.09) earnings per share. Research analysts expect that SoundThinking, Inc. will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of SoundThinking

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in SoundThinking by 145.2% during the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after acquiring an additional 5,236 shares during the period. Rhumbline Advisers boosted its position in shares of SoundThinking by 5.4% during 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 bought a new position in shares of SoundThinking during the 2nd quarter valued at about $171,000. Cim LLC grew its stake in shares of SoundThinking by 18.5% in 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 during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of SoundThinking in the 2nd quarter worth approximately $298,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SSTI shares. Craig Hallum dropped their price objective on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. JMP Securities dropped 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 note on Wednesday, November 13th. Finally, Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SoundThinking presently has a consensus rating of “Moderate Buy” and an average price target 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.