SoundThinking (NASDAQ:SSTI) Upgraded by Craig Hallum to “Strong-Buy” Rating

Craig Hallum upgraded shares of SoundThinking (NASDAQ:SSTI) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price target on shares of SoundThinking in a research note on Friday, September 6th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $22.13.

SoundThinking Stock Down 3.3 %

NASDAQ:SSTI opened at $12.08 on Monday. The stock’s 50 day moving average price is $11.82 and its 200 day moving average price is $13.21. The company has a market capitalization of $154.38 million, a PE ratio of -75.50 and a beta of 1.17. SoundThinking has a 52-week low of $9.33 and a 52-week high of $26.92.

Insider Activity at SoundThinking

In other news, CEO Ralph A. Clark sold 6,479 shares of the firm’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 sale, the chief executive officer now owns 529,894 shares in the company, valued at $7,227,754.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ralph A. Clark sold 6,479 shares of the 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 transaction, the chief executive officer now directly owns 529,894 shares of the company’s stock, valued at approximately $7,227,754.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ralph A. Clark sold 5,591 shares of the business’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 sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,327 shares of company stock valued at $199,955. 9.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. lifted its holdings in shares of SoundThinking by 14.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock worth $18,331,000 after purchasing an additional 190,000 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings 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 buying an additional 130,913 shares in the last quarter. Quadrature Capital Ltd acquired a new position in SoundThinking in the first quarter worth approximately $923,000. Pullen Investment Management LLC acquired a new position in shares of SoundThinking in the 2nd quarter worth $632,000. Finally, Bares Capital Management Inc. raised its position in shares of 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. Hedge funds and other institutional investors own 60.74% of the company’s stock.

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.