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

SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) insider Nasim Golzadeh sold 1,809 shares of the firm's stock in a transaction that occurred 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 owns 94,134 shares in the company, valued at approximately $1,455,311.64. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, May 28th, Nasim Golzadeh sold 347 shares of SoundThinking stock. The shares were 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 shares were 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 shares were sold at an average price of $15.31, for a total value of $2,495.53.

SoundThinking Stock Up 1.8%

Shares of SSTI stock traded up $0.29 during trading hours on Friday, hitting $16.25. 30,713 shares of the company's stock were exchanged, compared to its average volume of 61,317. The firm has a market cap of $205.94 million, a P/E ratio of -135.41 and a beta of 1.28. The firm has a 50 day moving average of $15.62 and a two-hundred day moving average of $14.67. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $19.43.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of SoundThinking

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Samjo Management LLC acquired a new position in SoundThinking in the 1st quarter valued at approximately $1,085,000. Pullen Investment Management LLC increased its stake in SoundThinking by 61.1% in the 4th quarter. Pullen Investment Management LLC now owns 142,040 shares of the company's stock valued at $1,855,000 after buying an additional 53,888 shares during the period. Mackenzie Financial Corp grew its position in SoundThinking by 120.1% in the first quarter. Mackenzie Financial Corp now owns 94,362 shares of the company's stock worth $1,599,000 after acquiring an additional 51,498 shares in the last quarter. Informed Momentum Co LLC bought a new stake in SoundThinking in the first quarter worth approximately $732,000. Finally, Wells Fargo & Company MN grew its position in SoundThinking by 681.6% in the fourth quarter. Wells Fargo & Company MN now owns 45,468 shares of the company's stock worth $594,000 after acquiring an additional 39,651 shares in the last quarter. 60.74% of the stock is owned by institutional investors and hedge funds.

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.