SoundThinking’s (SSTI) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of SoundThinking (NASDAQ:SSTI) in a research report report published on Friday, Benzinga reports. They currently have a $20.00 price target on the stock.

A number of other brokerages also recently commented on SSTI. Lake Street Capital assumed coverage on shares of SoundThinking in a research note on Friday, May 24th. They set a buy rating and a $21.00 target price for the company. William Blair cut SoundThinking from an outperform rating to a market perform rating in a research report on Friday, May 17th. Craig Hallum cut their price target on shares of SoundThinking from $19.00 to $17.50 and set a hold rating for the company in a report on Wednesday, August 7th. Finally, Roth Mkm reaffirmed a buy rating and set a $30.00 price target on shares of SoundThinking in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $22.13.

SoundThinking Trading Down 4.2 %

Shares of SSTI opened at $12.85 on Friday. The company’s 50-day moving average price is $13.78 and its 200 day moving average price is $14.45. The firm has a market cap of $164.39 million, a P/E ratio of -40.16 and a beta of 1.16. SoundThinking has a 12-month low of $11.00 and a 12-month high of $26.92.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.02. The business had revenue of $26.96 million during the quarter, compared to analyst estimates of $25.60 million. SoundThinking had a negative net margin of 1.85% and a negative return on equity of 8.44%. Equities research analysts forecast that SoundThinking will post -0.38 earnings per share for the current year.

Insider Transactions at SoundThinking

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 transaction of $88,373.56. Following the sale, the chief executive officer now owns 529,894 shares of the company’s stock, valued at $7,227,754.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Ralph A. Clark sold 6,479 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 529,894 shares of the company’s stock, valued at $7,227,754.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ralph A. Clark sold 5,591 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total transaction of $80,286.76. Following the sale, the chief executive officer now owns 536,373 shares in the company, valued at approximately $7,702,316.28. The disclosure for this sale can be found here. Insiders sold a total of 14,161 shares of company stock valued at $197,976 over the last three months. 7.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Worth Venture Partners LLC boosted its stake in SoundThinking by 76.3% in the 4th quarter. Worth Venture Partners LLC now owns 41,221 shares of the company’s stock worth $1,053,000 after buying an additional 17,841 shares during the last quarter. Premier Fund Managers Ltd purchased a new stake in SoundThinking in the fourth quarter valued at approximately $252,000. Bares Capital Management Inc. grew its holdings in SoundThinking by 10.7% in the fourth quarter. Bares Capital Management Inc. now owns 739,213 shares of the company’s stock valued at $18,880,000 after purchasing an additional 71,705 shares during the period. Cim LLC acquired a new position in SoundThinking during the fourth quarter worth approximately $415,000. Finally, Rice Hall James & Associates LLC raised its stake in SoundThinking by 14.5% during the first quarter. Rice Hall James & Associates LLC now owns 135,739 shares of the company’s stock worth $2,156,000 after purchasing an additional 17,210 shares during the period. Hedge funds and other institutional investors 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.