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

SoundThinking, Inc. (NASDAQ:SSTI) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.20.

SSTI has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of SoundThinking in a report on Friday, September 6th. JMP Securities decreased their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday. Finally, Craig Hallum decreased their price objective on SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a report on Wednesday.

Insider Activity

In related news, CEO Ralph A. Clark sold 6,479 shares of the company’s stock in a transaction on 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 in the company, valued at $7,227,754.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ralph A. Clark sold 6,479 shares of the company’s stock in a transaction on 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 in the company, valued at $7,227,754.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ralph A. Clark sold 5,591 shares of the 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 transaction, the chief executive officer now owns 536,373 shares of the company’s stock, valued at $7,702,316.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,327 shares of company stock worth $199,955. 9.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SoundThinking

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. increased its stake in shares of SoundThinking by 14.4% in the second quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock valued at $18,331,000 after buying an additional 190,000 shares during the period. Bares Capital Management Inc. grew its stake in SoundThinking by 4.9% during the first quarter. Bares Capital Management Inc. now owns 775,400 shares of the company’s stock worth $12,313,000 after purchasing an additional 36,187 shares during the period. Vanguard Group Inc. grew its stake in SoundThinking by 6.9% during the first quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock worth $8,010,000 after purchasing an additional 32,452 shares during the period. Rice Hall James & Associates LLC grew its stake in SoundThinking by 56.6% during the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock worth $4,197,000 after purchasing an additional 130,913 shares during the period. Finally, Pullen Investment Management LLC grew its stake in SoundThinking by 70.0% during the third quarter. Pullen Investment Management LLC now owns 88,152 shares of the company’s stock worth $1,022,000 after purchasing an additional 36,290 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Stock Down 5.1 %

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

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.