SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) insider Nasim Golzadeh sold 742 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.75, for a total value of $10,202.50. Following the completion of the sale, the insider now directly owns 68,247 shares of the company's stock, valued at $938,396.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Nasim Golzadeh also recently made the following trade(s):
- On Wednesday, August 28th, Nasim Golzadeh sold 354 shares of SoundThinking stock. The stock was sold at an average price of $14.08, for a total value of $4,984.32.
- On Monday, August 19th, Nasim Golzadeh sold 421 shares of SoundThinking stock. The shares were sold at an average price of $14.20, for a total value of $5,978.20.
SoundThinking Trading Down 0.5 %
NASDAQ:SSTI opened at $13.41 on Friday. SoundThinking, Inc. has a twelve month low of $11.00 and a twelve month high of $26.92. The company has a market capitalization of $171.55 million, a P/E ratio of -41.91 and a beta of 1.21. The firm has a 50-day moving average price of $13.77 and a two-hundred day moving average price of $14.54.
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SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.02. SoundThinking had a negative net margin of 1.85% and a negative return on equity of 8.44%. The business had revenue of $26.96 million during the quarter, compared to analysts' expectations of $25.60 million. On average, equities research analysts predict that SoundThinking, Inc. will post -0.38 earnings per share for the current year.
Analyst Ratings Changes
SSTI has been the subject of a number of research analyst reports. William Blair downgraded shares of SoundThinking from an "outperform" rating to a "market perform" rating in a report on Friday, May 17th. Cantor Fitzgerald lowered their target price on shares of SoundThinking from $25.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 15th. Lake Street Capital started coverage on shares of SoundThinking in a research report on Friday, May 24th. They set a "buy" rating and a $21.00 price target for the company. Roth Mkm reaffirmed a "buy" rating and issued a $30.00 price objective on shares of SoundThinking in a research note on Wednesday, May 15th. Finally, Craig Hallum reduced their price objective on SoundThinking from $19.00 to $17.50 and set a "hold" rating for the company in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.13.
Check Out Our Latest Stock Analysis on SoundThinking
Hedge Funds Weigh In On SoundThinking
Hedge funds have recently bought and sold shares of the stock. Worth Venture Partners LLC boosted its stake in shares of SoundThinking by 76.3% during the fourth quarter. Worth Venture Partners LLC now owns 41,221 shares of the company's stock valued at $1,053,000 after acquiring an additional 17,841 shares during the last quarter. Premier Fund Managers Ltd acquired a new stake in shares of SoundThinking during the 4th quarter worth about $252,000. Bares Capital Management Inc. boosted its stake in shares of SoundThinking by 10.7% during the 4th quarter. Bares Capital Management Inc. now owns 739,213 shares of the company's stock worth $18,880,000 after purchasing an additional 71,705 shares during the last quarter. Cim LLC purchased a new stake in shares of SoundThinking during the fourth quarter worth about $415,000. Finally, Rice Hall James & Associates LLC raised its position in shares of SoundThinking by 14.5% in the first quarter. Rice Hall James & Associates LLC now owns 135,739 shares of the company's stock valued at $2,156,000 after buying an additional 17,210 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company's stock.
About SoundThinking
(
Get Free Report)
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.
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