SoundThinking (NASDAQ:SSTI) Upgraded to Buy at Craig Hallum

Craig Hallum upgraded shares of SoundThinking (NASDAQ:SSTI) from a hold rating to a buy rating in a report released on Tuesday morning, MarketBeat reports.

A number of other research firms have also recently commented on SSTI. JMP Securities lowered their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $21.20.

SoundThinking Stock Up 13.4 %

Shares of SoundThinking stock opened at $15.38 on Tuesday. The firm’s 50 day moving average price is $13.11 and its 200-day moving average price is $12.80. SoundThinking has a 52-week low of $9.33 and a 52-week high of $18.70. The company has a market cap of $193.63 million, a P/E ratio of -128.16 and a beta of 1.18.

Insider Activity at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.61, for a total value of $68,882.13. Following the transaction, the chief executive officer now owns 520,774 shares of the company’s stock, valued at $6,046,186.14. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total transaction of $209,250.00. Following the completion of the transaction, the chief financial officer now directly owns 138,851 shares in the company, valued at $1,936,971.45. The trade was a 9.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,632 shares of company stock valued at $325,036. 9.20% of the stock is owned by company insiders.

Institutional Trading of SoundThinking

Large investors have recently made changes to their positions in the company. Kopion Asset Management LLC increased its stake in shares of SoundThinking by 24.2% during the fourth quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock worth $9,497,000 after buying an additional 141,630 shares during the period. Rice Hall James & Associates LLC increased its stake in SoundThinking by 56.6% in the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock valued at $4,197,000 after purchasing an additional 130,913 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SoundThinking by 93.5% in the third quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company’s stock valued at $650,000 after purchasing an additional 27,091 shares during the last quarter. Walleye Capital LLC increased its stake in SoundThinking by 61.9% in the third quarter. Walleye Capital LLC now owns 51,932 shares of the company’s stock valued at $602,000 after purchasing an additional 19,861 shares during the last quarter. Finally, Barclays PLC increased its stake in SoundThinking by 245.5% in the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock valued at $286,000 after purchasing an additional 17,591 shares during the last quarter. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

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.