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

SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark sold 935 shares of SoundThinking stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $13.31, for a total value of $12,444.85. Following the sale, the chief executive officer now directly owns 528,385 shares of the company’s stock, valued at approximately $7,032,804.35. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SoundThinking Trading Up 1.1 %

NASDAQ:SSTI traded up $0.14 during trading hours on Tuesday, reaching $13.39. The company had a trading volume of 54,925 shares, compared to its average volume of 60,467. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $26.92. The business’s 50-day simple moving average is $11.65 and its two-hundred day simple moving average is $13.06.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SSTI shares. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. JMP Securities reduced their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 13th. Finally, Craig Hallum lowered 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 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.20.

Hedge Funds Weigh In On SoundThinking

Large investors have recently made changes to their positions in the stock. Federated Hermes Inc. increased its position in shares of SoundThinking by 14.4% in the second quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock valued at $18,331,000 after acquiring an additional 190,000 shares during the period. Vanguard Group Inc. raised its holdings in shares of SoundThinking by 6.9% during the first quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock valued at $8,010,000 after acquiring an additional 32,452 shares in the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in SoundThinking in the third quarter worth $5,354,000. Rice Hall James & Associates LLC increased its position in SoundThinking by 56.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock valued at $4,197,000 after purchasing an additional 130,913 shares during the period. Finally, State Street Corp lifted its stake in shares of SoundThinking by 4.3% in the 3rd 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 period. 60.74% of the stock is owned by institutional investors.

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.