SoundThinking (NASDAQ:SSTI) Upgraded by Craig Hallum to “Strong-Buy” Rating

Craig Hallum upgraded shares of SoundThinking (NASDAQ:SSTI) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price objective on shares of SoundThinking in a research note on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.20.

SoundThinking Stock Performance

SSTI stock opened at $11.19 on Monday. The stock has a market capitalization of $143.04 million, a price-to-earnings ratio of -93.25 and a beta of 1.17. SoundThinking has a 1 year low of $9.33 and a 1 year high of $26.92. The stock’s fifty day moving average is $11.77 and its two-hundred day moving average is $13.19.

Insider Buying and Selling

In related news, CEO Ralph A. Clark sold 5,591 shares of SoundThinking stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total transaction of $80,286.76. Following the transaction, the chief executive officer now directly owns 536,373 shares of the company’s stock, valued at $7,702,316.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Ralph A. Clark sold 5,591 shares of SoundThinking stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total value of $80,286.76. Following the transaction, the chief executive officer now owns 536,373 shares of the company’s stock, valued at approximately $7,702,316.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction dated 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 directly owns 529,894 shares in the company, valued at $7,227,754.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,327 shares of company stock valued at $199,955 over the last three months. Company insiders own 9.20% of the company’s stock.

Hedge Funds Weigh In On SoundThinking

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in shares of SoundThinking by 145.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after purchasing an additional 5,236 shares during the period. Rhumbline Advisers increased its holdings in shares of SoundThinking by 5.4% in 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 acquired a new position in shares of SoundThinking in the 2nd quarter valued at about $171,000. Cim LLC increased its holdings in shares of SoundThinking by 18.5% in the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after purchasing an additional 3,094 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of SoundThinking in the 2nd quarter valued at about $298,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.