CEO of SoundThinking, Inc. (NASDAQ:SSTI) sells $80,286.76 in stock

VaselineSeptember 2, 2024

0 3 minutes read

SoundThinking, Inc. (NASDAQ:SSTI – Get Your Free Report ) CEO Ralph A. Clark sold 5,591 shares of the business’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 value of $80,286.76. Following the transaction, the chief executive officer now directly owns 536,373 shares in the company, valued at approximately $7,702,316.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink.

SoundThinking stock performance

Shares of SSTI stock opened at $14.10 on Monday. The company’s 50-day simple moving average is $13.58, and its 200-day simple moving average is $14.62. The firm has a market cap of $180.20 million, a P/E ratio of -44.06 and a beta of 1.21. SoundThinking, Inc. has a 52 week low of $11.00 and a 52 week high of $26.92.

SoundThinking (NASDAQ:SSTI – Get Your Free Report ) last announced its earnings results 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. The company had revenue of $26.96 million for the quarter, compared to analyst estimates of $25.60 million. SoundThinking had a negative return on equity of 8.44% and a negative net margin of 1.85%. As a group, equities analysts estimate that SoundThinking, Inc. will post -0.38 earnings per share for the current year.

Analyst upgrades and downgrades

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Several analysts have issued reports on SSTI shares. Lake Street Capital assumed coverage on shares of SoundThinking in a research report on Friday, May 24th. They set a “buy” rating and a $21.00 price target on the stock. William Blair downgraded shares of SoundThinking from an “outperform” rating to a “market perform” rating in a research note on Friday, May 17th. Cantor Fitzgerald reduced their price target on SoundThinking from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 15th. Roth Mkm restated 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 cut their price target on SoundThinking from $19.00 to $17.50 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.13.

Get the latest report on SoundThinking

Institutional investors highlight SoundThinking

A number of hedge funds and other institutional investors have recently modified their holdings of SSTI. Premier Fund Managers Ltd purchased a new position in shares of SoundThinking in the fourth quarter valued at about $252,000. Rhumbline Advisers increased its position in shares of SoundThinking by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after buying an additional 716 shares in the last quarter. Ibex Investors LLC acquired a new position in shares of SoundThinking in the second quarter valued at about $171,000. Cim LLC bought a new position in shares of SoundThinking in the fourth quarter valued at approximately $415,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of SoundThinking in the second quarter valued at about $298,000. Institutional investors and hedge funds own 60.74% of the company’s shares.

SoundThinking Company Profile

(Get a free report)

SoundThinking, Inc, a public safety technology company providing 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 effective in public safety outcomes.