SoundThinking (NASDAQ:SSTI) Stock Rating Upgraded by Craig Hallum

Craig Hallum upgraded shares of SoundThinking (NASDAQ:SSTI) from a hold rating to a buy rating in a research report released on Tuesday morning, MarketBeat Ratings reports.

A number of other research firms have also issued reports on SSTI. JMP Securities reduced their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $21.20.

SoundThinking Price Performance

Shares of NASDAQ:SSTI opened at $15.12 on Tuesday. The firm has a 50-day simple moving average of $13.20 and a 200 day simple moving average of $12.83. The company has a market cap of $190.35 million, a PE ratio of -125.99 and a beta of 1.18. SoundThinking has a fifty-two week low of $9.33 and a fifty-two week high of $18.70.

Insider Activity

In other news, CFO Alan R. Stewart sold 15,000 shares of the stock in a transaction that occurred on 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 directly owns 138,851 shares in the company, valued at $1,936,971.45. This trade represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ralph A. Clark sold 5,933 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $68,882.13. Following the completion of the transaction, the chief executive officer now owns 520,774 shares of the company’s stock, valued at $6,046,186.14. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,632 shares of company stock worth $325,036 over the last three months. Corporate insiders own 9.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp bought a new stake in SoundThinking during the fourth quarter worth approximately $560,000. Two Sigma Advisers LP boosted its holdings in SoundThinking by 80.6% during the fourth quarter. Two Sigma Advisers LP now owns 18,600 shares of the company’s stock worth $243,000 after buying an additional 8,300 shares in the last quarter. Two Sigma Investments LP boosted its holdings in SoundThinking by 18.6% during the fourth quarter. Two Sigma Investments LP now owns 48,719 shares of the company’s stock worth $636,000 after buying an additional 7,636 shares in the last quarter. Sherbrooke Park Advisers LLC boosted its holdings in SoundThinking by 18.2% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 23,302 shares of the company’s stock worth $304,000 after buying an additional 3,589 shares in the last quarter. Finally, Man Group plc boosted its holdings in SoundThinking by 130.1% during the fourth quarter. Man Group plc now owns 30,020 shares of the company’s stock worth $392,000 after buying an additional 16,975 shares in the last quarter. 60.74% of the stock is currently 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.