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

SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) SVP Erin Edwards sold 881 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 transaction of $13,620.26. Following the completion of the transaction, the senior vice president now directly owns 30,449 shares in the company, valued at $470,741.54. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

SoundThinking Stock Up 0.3%

Shares of SSTI traded up $0.04 during trading hours on Thursday, reaching $15.96. 31,131 shares of the company traded hands, compared to its average volume of 61,570. The stock has a market capitalization of $202.26 million, a P/E ratio of -132.99 and a beta of 1.21. SoundThinking, Inc. has a 12-month low of $9.33 and a 12-month high of $19.43. The business has a fifty day moving average price of $15.65 and a 200-day moving average price of $14.58.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced 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 company 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%. As a group, research analysts predict that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On SoundThinking

Several hedge funds have recently added to or reduced their stakes in the business. 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 purchasing an additional 1,373 shares during the last quarter. Trexquant Investment LP boosted its holdings in SoundThinking by 3.2% in the fourth quarter. Trexquant Investment LP now owns 56,422 shares of the company's stock valued at $737,000 after purchasing an additional 1,745 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in SoundThinking by 9.7% in the first quarter. Cubist Systematic Strategies LLC now owns 23,068 shares of the company's stock valued at $391,000 after purchasing an additional 2,033 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SoundThinking by 3.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 72,931 shares of the company's stock valued at $1,236,000 after purchasing an additional 2,198 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in SoundThinking by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 216,121 shares of the company's stock valued at $2,823,000 after purchasing an additional 2,547 shares during the last quarter. 60.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Lake Street Capital lifted their price target on shares of SoundThinking from $18.00 to $20.00 and gave the stock a "buy" rating in a report 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. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $20.00 price target on shares of SoundThinking in a report on Wednesday, May 14th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $30.00 price target on shares of SoundThinking in a report on Wednesday, May 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $21.00.

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.