SoundThinking, Inc. (NASDAQ:SSTI) CFO Alan R. Stewart Sells 15,000 Shares of Stock

SoundThinking, Inc. (NASDAQ:SSTI) CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

SoundThinking Price Performance

Shares of NASDAQ SSTI opened at $12.83 on Friday. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $26.92. The company’s fifty day moving average is $11.93 and its 200-day moving average is $12.98.

SoundThinking (NASDAQ:SSTI) last posted its earnings results 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). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The business had revenue of $26.25 million for the quarter, compared to the consensus estimate of $26.20 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. Analysts expect that SoundThinking, Inc. will post -0.39 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SSTI. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. JMP Securities lowered their target price on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Finally, Craig Hallum dropped their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, SoundThinking presently has a consensus rating of “Moderate Buy” and an average target price of $21.20.

Institutional Investors Weigh In On SoundThinking

Several large investors have recently made changes to their positions in SSTI. Barclays PLC grew its holdings in shares of SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock worth $286,000 after buying an additional 17,591 shares in the last quarter. Disciplined Growth Investors Inc. MN acquired a new stake in shares of SoundThinking in the third quarter valued at approximately $5,354,000. State Street Corp raised its holdings in shares of SoundThinking by 4.3% in the third quarter. State Street Corp now owns 197,024 shares of the company’s stock valued at $2,284,000 after purchasing an additional 8,078 shares during the last quarter. Walleye Capital LLC lifted its position in shares of SoundThinking by 61.9% in the third quarter. Walleye Capital LLC now owns 51,932 shares of the company’s stock worth $602,000 after purchasing an additional 19,861 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted 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 purchasing an additional 5,236 shares during the last quarter. Institutional investors own 60.74% of the company’s stock.

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.