SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark Sells 5,933 Shares

SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark sold 5,933 shares of the firm’s 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 transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

SoundThinking Trading Down 3.1 %

Shares of SSTI traded down $0.39 during trading hours on Wednesday, reaching $12.32. 103,994 shares of the stock traded hands, compared to its average volume of 62,474. The company’s 50-day moving average price is $12.00 and its two-hundred day moving average price is $12.86. SoundThinking, Inc. has a 52-week low of $9.33 and a 52-week high of $26.92. The company has a market cap of $155.10 million, a P/E ratio of -102.66 and a beta of 1.19.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The company had revenue of $26.25 million for the quarter, compared to the consensus estimate of $26.20 million. During the same quarter in the prior year, the company posted ($0.09) EPS. On average, research analysts forecast that SoundThinking, Inc. will post -0.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SSTI. BNP Paribas Financial Markets raised its position in SoundThinking by 145.2% during the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after purchasing an additional 5,236 shares during the period. Rhumbline Advisers lifted its holdings in shares of SoundThinking by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after buying an additional 716 shares during the period. Ibex Investors LLC bought a new position in SoundThinking during the 2nd quarter worth about $171,000. Cim LLC boosted its stake in shares of SoundThinking by 18.5% during the second quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after purchasing an additional 3,094 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in SoundThinking in the second quarter valued at about $298,000. 60.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SSTI. Craig Hallum dropped their price target on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Cantor Fitzgerald upgraded SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, JMP Securities cut their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.20.

About SoundThinking

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.