SoundThinking (NASDAQ:SSTI) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of SoundThinking (NASDAQ:SSTI) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other research firms also recently commented on SSTI. Craig Hallum dropped their price objective on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research note on Wednesday. JMP Securities dropped their price target on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.20.

SoundThinking Stock Performance

NASDAQ:SSTI opened at $11.43 on Thursday. SoundThinking has a 1 year low of $9.33 and a 1 year high of $26.92. The stock has a fifty day moving average price of $11.70 and a two-hundred day moving average price of $13.17. The stock has a market capitalization of $146.08 million, a price-to-earnings ratio of -95.24 and a beta of 1.17.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The company had revenue of $26.25 million for the quarter, compared to analyst estimates of $26.20 million. SoundThinking had a negative return on equity of 8.69% and a negative net margin of 1.39%. During the same quarter in the previous year, the company posted ($0.09) earnings per share. On average, analysts predict that SoundThinking will post -0.38 EPS for the current year.

Insider Buying and Selling at SoundThinking

In other news, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 in the company, valued at approximately $7,227,754.16. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 14,327 shares of company stock valued at $199,955 in the last ninety days. Insiders own 9.20% of the company’s stock.

Institutional Investors Weigh In On SoundThinking

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake 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 buying an additional 5,236 shares during the last quarter. Rhumbline Advisers boosted its stake in 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 period. Ibex Investors LLC bought a new position in SoundThinking in the 2nd quarter worth about $171,000. Cim LLC grew its position in SoundThinking by 18.5% in 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 during the last quarter. Finally, Barclays PLC increased its stake in shares of 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 period. 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.