SoundThinking (NASDAQ:SSTI) Upgraded at Craig Hallum

Craig Hallum upgraded shares of SoundThinking (NASDAQ:SSTI) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price objective on shares of SoundThinking in a report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.20.

SoundThinking Price Performance

Shares of SSTI stock opened at $11.19 on Monday. The firm has a market cap of $143.04 million, a P/E ratio of -93.25 and a beta of 1.17. SoundThinking has a 1-year low of $9.33 and a 1-year high of $26.92. The firm’s 50-day simple moving average is $11.77 and its 200-day simple moving average is $13.19.

Insider Activity at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of the 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 sale, the chief executive officer now owns 529,894 shares of the company’s stock, valued at $7,227,754.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of the 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 sale, the chief executive officer now owns 529,894 shares of the company’s stock, valued at $7,227,754.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ralph A. Clark sold 5,591 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total transaction of $80,286.76. Following the completion of the sale, the chief executive officer now directly owns 536,373 shares of the company’s stock, valued at $7,702,316.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,327 shares of company stock worth $199,955. Company insiders own 9.20% of the company’s stock.

Institutional Trading of SoundThinking

A number of hedge funds have recently made changes to their positions in SSTI. Rhumbline Advisers boosted its holdings in SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after purchasing an additional 716 shares during the period. Cim LLC boosted its holdings in SoundThinking by 18.5% in the second quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after purchasing an additional 3,094 shares during the period. Bank of New York Mellon Corp boosted its holdings in SoundThinking by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock worth $482,000 after purchasing an additional 3,268 shares during the period. BNP Paribas Financial Markets boosted its holdings in SoundThinking by 145.2% in the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after purchasing an additional 5,236 shares during the period. Finally, Ibex Investors LLC acquired a new position in SoundThinking in the second quarter worth $171,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

About SoundThinking

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.