Ralph A. Clark Sells 935 Shares of SoundThinking, Inc. (NASDAQ:SSTI) Stock

SoundThinking, Inc. (NASDAQ:SSTI) CEO Ralph A. Clark sold 935 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $13.31, for a total value of $12,444.85. Following the transaction, the chief executive officer now owns 528,385 shares of the company’s stock, valued at approximately $7,032,804.35. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SoundThinking Stock Performance

SSTI opened at $13.34 on Thursday. SoundThinking, Inc. has a 1-year low of $9.33 and a 1-year high of $26.92. The business has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $13.05.

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

Institutional Trading of SoundThinking

Several large investors have recently added to or reduced their stakes in SSTI. Vanguard Group Inc. raised its stake in SoundThinking by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock valued at $8,010,000 after purchasing an additional 32,452 shares during the period. Bank of New York Mellon Corp raised its stake in SoundThinking by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock valued at $482,000 after purchasing an additional 3,268 shares during the period. Pullen Investment Management LLC acquired a new stake in SoundThinking during the 2nd quarter valued at $632,000. Rhumbline Advisers raised its stake in SoundThinking by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after purchasing an additional 716 shares during the period. Finally, Rice Hall James & Associates LLC raised its stake in SoundThinking by 70.3% during the 2nd quarter. Rice Hall James & Associates LLC now owns 231,231 shares of the company’s stock valued at $2,816,000 after purchasing an additional 95,492 shares during the period. 60.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SSTI shares. JMP Securities reduced their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. Craig Hallum reduced their price objective on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, Cantor Fitzgerald upgraded SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.20.

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.