SoundThinking (NASDAQ:SSTI) Upgraded to Buy at Craig Hallum

SoundThinking (NASDAQ:SSTI) was upgraded by investment analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research report issued on Tuesday,Finviz reports.

SSTI has been the topic of several other research reports. JMP Securities decreased their target price on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 13th. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, SoundThinking has a consensus rating of “Buy” and an average price target of $21.20.

SoundThinking Stock Up 13.6 %

Shares of SSTI stock traded up $1.84 during mid-day trading on Tuesday, reaching $15.40. The stock had a trading volume of 224,516 shares, compared to its average volume of 42,037. SoundThinking has a one year low of $9.33 and a one year high of $18.70. The firm has a market cap of $193.86 million, a PE ratio of -129.28 and a beta of 1.18. The firm’s 50 day simple moving average is $13.09 and its 200 day simple moving average is $12.79.

Insider Transactions at SoundThinking

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of SoundThinking 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 directly owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. The trade was 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. 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 sale, the chief executive officer now directly owns 520,774 shares of the company’s stock, 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. Company insiders own 9.20% of the company’s stock.

Institutional Investors Weigh In On SoundThinking

Several institutional investors and hedge funds have recently made changes to their positions in SSTI. R Squared Ltd acquired a new position in shares of SoundThinking during the fourth quarter worth approximately $70,000. BNP Paribas Financial Markets grew its position in SoundThinking by 145.2% in the 3rd 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 in the last quarter. Diversified Investment Strategies LLC purchased a new stake in SoundThinking in the 4th quarter valued at about $131,000. WINTON GROUP Ltd bought a new position in shares of SoundThinking during the 4th quarter worth approximately $228,000. Finally, Two Sigma Advisers LP boosted its stake in shares of SoundThinking by 80.6% in the 4th 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 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.