Nasim Golzadeh Sells 1,809 Shares of SoundThinking, Inc. (NASDAQ:SSTI) Stock

SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) insider Nasim Golzadeh sold 1,809 shares of SoundThinking stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $15.46, for a total value of $27,967.14. Following the transaction, the insider now directly owns 94,134 shares of the company's stock, valued at $1,455,311.64. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nasim Golzadeh also recently made the following trade(s):

• On Wednesday, May 28th, Nasim Golzadeh sold 347 shares of SoundThinking stock. The stock was sold at an average price of $14.59, for a total value of $5,062.73.
• On Tuesday, May 20th, Nasim Golzadeh sold 437 shares of SoundThinking stock. The stock was sold at an average price of $15.00, for a total transaction of $6,555.00.
• On Tuesday, March 11th, Nasim Golzadeh sold 163 shares of SoundThinking stock. The stock was sold at an average price of $15.31, for a total value of $2,495.53.

SoundThinking Price Performance

NASDAQ:SSTI traded up $0.55 during trading hours on Friday, hitting $16.51. The stock had a trading volume of 17,966 shares, compared to its average volume of 57,426. SoundThinking, Inc. has a one year low of $9.33 and a one year high of $19.43. The company has a 50 day simple moving average of $15.63 and a two-hundred day simple moving average of $14.61. The firm has a market capitalization of $209.22 million, a price-to-earnings ratio of -137.56 and a beta of 1.21.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The firm had revenue of $28.35 million for the quarter, compared to analysts' expectations of $26.91 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. Equities research analysts anticipate that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SSTI has been the topic of several research analyst reports. Roth Mkm restated a "buy" rating and set a $30.00 target price on shares of SoundThinking in a research note on Wednesday, May 14th. Craig Hallum upgraded SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Lake Street Capital boosted their price objective on shares of SoundThinking from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $20.00 target price on shares of SoundThinking in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, SoundThinking currently has an average rating of "Buy" and a consensus price target of $21.00.

Institutional Trading of SoundThinking

Several institutional investors and hedge funds have recently made changes to their positions in SSTI. MetLife Investment Management LLC purchased a new position in shares of SoundThinking in the 1st quarter worth $98,000. Strs Ohio bought a new stake in SoundThinking during the 1st quarter valued at approximately $127,000. GAMMA Investing LLC lifted its position in shares of SoundThinking by 6,553.7% during the 1st quarter. GAMMA Investing LLC now owns 13,374 shares of the company's stock worth $227,000 after buying an additional 13,173 shares during the period. Rhumbline Advisers boosted its holdings in SoundThinking by 10.1% in the first quarter. Rhumbline Advisers now owns 14,980 shares of the company's stock valued at $254,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Caption Management LLC bought a new stake in SoundThinking during the 1st quarter worth approximately $264,000. 60.74% of the stock is 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.