SoundThinking (NASDAQ:SSTI) Price Target Cut to $19.00 by Analysts at JMP Securities

SoundThinking (NASDAQ:SSTI) had its target price cut by JMP Securities from $25.00 to $19.00 in a research note released on Wednesday,Benzinga reports. They currently have a market outperform rating on the stock.

SSTI has been the subject of several other research reports. Craig Hallum decreased their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, SoundThinking presently has a consensus rating of “Moderate Buy” and an average price target of $21.20.

SoundThinking Price Performance

SSTI stock opened at $11.19 on Wednesday. The firm has a market cap of $143.04 million, a PE ratio of -93.25 and a beta of 1.17. SoundThinking has a 12 month low of $9.33 and a 12 month high of $26.92. The firm has a 50 day simple moving average of $11.77 and a 200 day simple moving average of $13.19.

Insider Transactions at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of the stock in a transaction 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 of the company’s stock, valued at $7,227,754.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $88,373.56. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ralph A. Clark sold 5,591 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,327 shares of company stock worth $199,955. Company insiders own 9.20% of the company’s stock.

Institutional Investors Weigh In On SoundThinking

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased 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 valued at $102,000 after acquiring an additional 5,236 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after purchasing an additional 716 shares in the last quarter. Ibex Investors LLC bought a new position in SoundThinking in the 2nd quarter worth approximately $171,000. Cim LLC lifted its holdings in SoundThinking by 18.5% during the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after buying an additional 3,094 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in SoundThinking in the 2nd quarter valued at $298,000. Institutional investors and hedge funds 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.