SoundThinking, Inc. (NASDAQ:SSTI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of SoundThinking, Inc. (NASDAQ:SSTI) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $21.20.

SSTI has been the subject of several recent analyst reports. JMP Securities dropped their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday. Craig Hallum dropped their price objective on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price objective on shares of SoundThinking in a research note on Friday, September 6th.

SoundThinking Stock Down 5.1 %

Shares of SSTI stock traded down $0.62 during trading hours on Wednesday, reaching $11.46. 84,319 shares of the company’s stock were exchanged, compared to its average volume of 60,751. SoundThinking has a fifty-two week low of $9.33 and a fifty-two week high of $26.92. The stock has a market capitalization of $146.46 million, a P/E ratio of -94.08 and a beta of 1.17. The business has a fifty day moving average price of $11.82 and a 200-day moving average price of $13.21.

Insider Transactions at SoundThinking

In related news, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total value of $88,373.56. Following the sale, the chief executive officer now owns 529,894 shares of the company’s stock, valued at approximately $7,227,754.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Ralph A. Clark sold 5,591 shares of SoundThinking stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total value of $80,286.76. Following the sale, the chief executive officer now owns 536,373 shares of the company’s stock, valued at approximately $7,702,316.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total value of $88,373.56. Following the completion of the sale, the chief executive officer now directly owns 529,894 shares in the company, valued at approximately $7,227,754.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,327 shares of company stock valued at $199,955 over the last 90 days. 9.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in shares of SoundThinking by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after acquiring an additional 716 shares during the period. Ibex Investors LLC acquired a new position in shares of SoundThinking during the 2nd quarter worth approximately $171,000. Cim LLC increased its holdings in shares of SoundThinking by 18.5% during the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after acquiring an additional 3,094 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of SoundThinking during the 2nd quarter worth approximately $298,000. Finally, Hsbc Holdings PLC acquired a new position in shares of SoundThinking during the 2nd quarter worth approximately $398,000. 60.74% of the stock is currently owned by institutional investors.

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.