SoundThinking, Inc. (NASDAQ:SSTI) SVP Erin Edwards Sells 881 Shares

SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) SVP Erin Edwards sold 881 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $15.46, for a total transaction of $13,620.26. Following the completion of the sale, the senior vice president now directly owns 30,449 shares in the company, valued at approximately $470,741.54. This represents a 2.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SoundThinking Stock Up 1.8%

Shares of NASDAQ SSTI traded up $0.29 during mid-day trading on Friday, reaching $16.25. 30,713 shares of the company were exchanged, compared to its average volume of 61,317. The firm has a 50-day moving average of $15.62 and a 200 day moving average of $14.67. The stock has a market cap of $205.94 million, a price-to-earnings ratio of -135.41 and a beta of 1.28. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $19.43.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates 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 company 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 year.

Institutional Investors Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently bought and sold shares of SSTI. MetLife Investment Management LLC purchased a new position in SoundThinking during the first quarter worth $98,000. Strs Ohio purchased a new stake in shares of SoundThinking in the first quarter valued at $127,000. BNP Paribas Financial Markets grew its position in shares of SoundThinking by 77.0% in the fourth quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company's stock valued at $204,000 after purchasing an additional 6,812 shares during the period. GAMMA Investing LLC grew its position in SoundThinking by 6,553.7% during the first quarter. GAMMA Investing LLC now owns 13,374 shares of the company's stock valued at $227,000 after acquiring an additional 13,173 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in SoundThinking during the fourth quarter valued at about $228,000. Institutional investors and hedge funds own 60.74% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SSTI shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $20.00 price objective on shares of SoundThinking in a research note on Wednesday, May 14th. Craig Hallum raised shares of SoundThinking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Roth Mkm reissued a "buy" rating and issued a $30.00 price target on shares of SoundThinking in a research report on Wednesday, May 14th. Finally, Lake Street Capital upped their price objective on shares of SoundThinking from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $21.00.

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.