SoundThinking (NASDAQ:SSTI) Given New $16.00 Price Target at Craig Hallum

SoundThinking (NASDAQ:SSTI) had its price objective decreased by Craig Hallum from $17.50 to $16.00 in a report issued on Wednesday morning,Benzinga reports. Craig Hallum currently has a hold rating on the stock.

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price objective on shares of SoundThinking in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.20.

SoundThinking Stock Down 7.4 %

NASDAQ:SSTI opened at $11.19 on Wednesday. The stock has a market cap of $143.04 million, a PE ratio of -93.25 and a beta of 1.17. The business’s 50-day simple moving average is $11.77 and its two-hundred day simple moving average is $13.19. SoundThinking has a 52 week low of $9.33 and a 52 week high of $26.92.

Insider Buying and Selling

In related news, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total value of $88,373.56. Following the completion of the transaction, the chief executive officer now owns 529,894 shares in the company, valued at approximately $7,227,754.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other SoundThinking news, CEO Ralph A. Clark sold 5,591 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total value of $80,286.76. Following the completion of the sale, the chief executive officer now owns 536,373 shares of the company’s stock, valued at $7,702,316.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ralph A. Clark sold 6,479 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total transaction of $88,373.56. Following the completion of the sale, the chief executive officer now directly owns 529,894 shares of the company’s stock, valued at approximately $7,227,754.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,327 shares of company stock worth $199,955. Corporate insiders own 9.20% of the company’s stock.

Institutional Trading of SoundThinking

Institutional investors have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC lifted its stake in SoundThinking by 70.3% in the second quarter. Rice Hall James & Associates LLC now owns 231,231 shares of the company’s stock worth $2,816,000 after purchasing an additional 95,492 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of SoundThinking during the first quarter valued at approximately $923,000. Federated Hermes Inc. raised its stake in shares of SoundThinking by 14.4% during the second quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock valued at $18,331,000 after acquiring an additional 190,000 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of SoundThinking by 6.9% during the first quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock valued at $8,010,000 after acquiring an additional 32,452 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of SoundThinking during the second quarter valued at approximately $298,000. 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.