SoundThinking’s (SSTI) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

SoundThinking (NASDAQ:SSTI)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $20.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 46.20% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.20.

SoundThinking Stock Down 3.7 %

Shares of SSTI stock opened at $13.68 on Wednesday. The company has a market cap of $172.22 million, a P/E ratio of -113.99 and a beta of 1.18. The business has a 50 day moving average of $13.30 and a two-hundred day moving average of $12.81. SoundThinking has a 52 week low of $9.33 and a 52 week high of $18.70.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The company had revenue of $23.41 million during the quarter, compared to the consensus estimate of $26.65 million. Analysts expect that SoundThinking will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other SoundThinking news, CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction 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 approximately $6,046,186.14. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the transaction, the chief financial officer now owns 138,851 shares in the company, valued at $1,936,971.45. This represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,632 shares of company stock valued at $325,036. Company insiders own 9.20% of the company’s stock.

Institutional Trading of SoundThinking

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in SoundThinking in the 4th quarter worth approximately $70,000. BNP Paribas Financial Markets raised its holdings in shares of 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 in the last quarter. Diversified Investment Strategies LLC purchased a new stake in shares of SoundThinking during the fourth quarter worth $131,000. WINTON GROUP Ltd acquired a new stake in SoundThinking during the fourth quarter valued at $228,000. Finally, Two Sigma Advisers LP grew its stake in SoundThinking by 80.6% in the fourth quarter. Two Sigma Advisers LP now owns 18,600 shares of the company’s stock valued at $243,000 after purchasing an additional 8,300 shares in 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.