SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) CFO Alan R. Stewart sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the transaction, the chief financial officer now owns 138,851 shares of the company's stock, valued at approximately $1,936,971.45. This represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
SoundThinking Trading Down 3.2 %
Shares of SoundThinking stock opened at $12.83 on Friday. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $26.92. The company has a 50-day simple moving average of $11.93 and a two-hundred day simple moving average of $12.98.
SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) EPS 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 last year, the business earned ($0.09) EPS. Analysts predict that SoundThinking, Inc. will post -0.39 EPS for the current fiscal year.
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Several research firms have recently commented on SSTI. JMP Securities cut their price objective on SoundThinking from $25.00 to $19.00 and set a "market outperform" rating for the company in a report on Wednesday, November 13th. Craig Hallum cut their price target on shares of SoundThinking from $17.50 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald raised shares of 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $21.20.
Read Our Latest Research Report on SoundThinking
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in SoundThinking by 145.2% in the third 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 during the last quarter. Rhumbline Advisers grew its holdings in shares of 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 last quarter. Ibex Investors LLC acquired a new position in SoundThinking during the 2nd quarter worth approximately $171,000. Cim LLC increased its position 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 purchasing an additional 3,094 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in SoundThinking in the second quarter valued at approximately $298,000. 60.74% of the stock is owned by institutional investors.
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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