SoundThinking (NASDAQ:SSTI) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of SoundThinking (NASDAQ:SSTI) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $20.00 price objective on the stock.

Several other equities research analysts also recently issued reports on SSTI. Craig Hallum upgraded 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 for the company in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.20.

SoundThinking Price Performance

SoundThinking stock opened at $16.91 on Wednesday. SoundThinking has a 12 month low of $9.33 and a 12 month high of $18.70. The business has a 50 day simple moving average of $13.39 and a 200-day simple moving average of $12.83. The stock has a market capitalization of $212.88 million, a PE ratio of -140.90 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) last posted its earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $23.41 million for the quarter, compared to analysts’ expectations of $26.65 million. As a group, equities research analysts anticipate that SoundThinking will post -0.42 EPS for the current year.

Insider Activity at SoundThinking

In other news, CFO Alan R. Stewart sold 15,000 shares of the stock in a transaction 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 owns 138,851 shares in the company, valued at approximately $1,936,971.45. This represents a 9.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 520,774 shares in the company, valued at $6,046,186.14. This represents a 1.13 % 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. Insiders own 9.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kopion Asset Management LLC boosted its holdings in shares of SoundThinking by 24.2% in the fourth quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock valued at $9,497,000 after buying an additional 141,630 shares during the period. Disciplined Growth Investors Inc. MN acquired a new position in shares of SoundThinking during the 3rd quarter worth approximately $5,354,000. Rice Hall James & Associates LLC raised its position in SoundThinking by 9.8% during the fourth quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company’s stock worth $5,194,000 after acquiring an additional 35,584 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of SoundThinking by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 216,121 shares of the company’s stock valued at $2,823,000 after purchasing an additional 2,547 shares during the period. Finally, State Street Corp lifted its position 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 buying an additional 8,078 shares during the last quarter. Institutional investors own 60.74% of the company’s stock.

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.