SoundThinking, Inc. (NASDAQ:SSTI) Given Average Recommendation of "Buy" by Analysts

Shares of SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) have earned a consensus rating of "Buy" from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.20.

SSTI has been the topic of a number of analyst reports. JMP Securities dropped their price objective on SoundThinking from $25.00 to $19.00 and set a "market outperform" rating on the stock in a research note on Wednesday, November 13th. Craig Hallum upgraded SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Cantor Fitzgerald upgraded SoundThinking to a "strong-buy" rating in a research note on Thursday, November 14th.

SoundThinking Stock Performance

NASDAQ SSTI traded down $0.67 during trading on Friday, hitting $14.45. The stock had a trading volume of 37,851 shares, compared to its average volume of 46,210. The company has a market capitalization of $181.93 million, a PE ratio of -120.41 and a beta of 1.18. The company's 50-day moving average price is $13.24 and its two-hundred day moving average price is $12.84. SoundThinking has a 12 month low of $9.33 and a 12 month high of $18.70.

Insider Buying and Selling

In other SoundThinking news, CEO Ralph A. Clark sold 5,933 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.61, for a total value of $68,882.13. Following the transaction, the chief executive officer now directly owns 520,774 shares of the company's stock, valued at $6,046,186.14. This represents a 1.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Alan R. Stewart sold 15,000 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the transaction, the chief financial officer now directly owns 138,851 shares in the company, valued at approximately $1,936,971.45. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,632 shares of company stock valued at $325,036. 9.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSTI. Pullen Investment Management LLC grew its holdings in SoundThinking by 70.0% in the 3rd quarter. Pullen Investment Management LLC now owns 88,152 shares of the company's stock valued at $1,022,000 after buying an additional 36,290 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in shares of SoundThinking by 56.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company's stock valued at $4,197,000 after acquiring an additional 130,913 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of SoundThinking by 42.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company's stock valued at $635,000 after acquiring an additional 16,336 shares during the period. BNP Paribas Financial Markets lifted its position in shares of SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company's stock valued at $102,000 after acquiring an additional 5,236 shares during the period. Finally, Walleye Capital LLC lifted its position in shares of SoundThinking by 61.9% during the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company's stock valued at $602,000 after acquiring an additional 19,861 shares during the period. 60.74% of the stock is owned by institutional investors and hedge funds.

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.