SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark Sells 932 Shares

SoundThinking, Inc. (NASDAQ:SSTIGet Free Report) CEO Ralph A. Clark sold 932 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $16.28, for a total transaction of $15,172.96. Following the completion of the sale, the chief executive officer now owns 541,809 shares in the company, valued at approximately $8,820,650.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SoundThinking Stock Performance

SoundThinking stock opened at $16.00 on Friday. The company’s 50-day moving average price is $14.66 and its 200-day moving average price is $18.96. SoundThinking, Inc. has a twelve month low of $12.98 and a twelve month high of $27.75.

SoundThinking (NASDAQ:SSTIGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.15). SoundThinking had a negative return on equity of 12.69% and a negative net margin of 3.94%. The firm had revenue of $25.41 million for the quarter, compared to analysts’ expectations of $25.48 million. During the same period in the prior year, the firm posted ($0.15) earnings per share. As a group, equities analysts forecast that SoundThinking, Inc. will post -0.35 EPS for the current year.

Institutional Investors Weigh In On SoundThinking

Large investors have recently added to or reduced their stakes in the stock. Spouting Rock Asset Management LLC boosted its position in SoundThinking by 15.9% in the 3rd quarter. Spouting Rock Asset Management LLC now owns 11,633 shares of the company’s stock valued at $208,000 after buying an additional 1,600 shares during the period. Premier Fund Managers Ltd purchased a new stake in shares of SoundThinking in the 4th quarter worth approximately $252,000. Cim LLC purchased a new stake in shares of SoundThinking in the 4th quarter worth approximately $415,000. Worth Venture Partners LLC purchased a new stake in shares of SoundThinking in the 3rd quarter worth approximately $419,000. Finally, Bank of New York Mellon Corp lifted its position in shares of SoundThinking by 5.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 36,523 shares of the company’s stock worth $654,000 after purchasing an additional 1,996 shares during the period. 60.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on SSTI. Craig Hallum dropped their target price on shares of SoundThinking from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, May 15th. Lake Street Capital started coverage on shares of SoundThinking in a research note on Friday, May 24th. They set a “buy” rating and a $21.00 price target on the stock. William Blair cut shares of SoundThinking from an “outperform” rating to a “market perform” rating in a research note on Friday, May 17th. Roth Mkm reiterated a “buy” rating and set a $30.00 price target on shares of SoundThinking in a research note on Wednesday, May 15th. Finally, Cantor Fitzgerald dropped their price target on shares of SoundThinking from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, SoundThinking presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Read Our Latest Analysis on SSTI

SoundThinking Company Profile

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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.

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