SoundThinking (NASDAQ:SSTI) Raised to Buy at Craig Hallum

SoundThinking (NASDAQ:SSTI - Get Free Report) was upgraded by Craig Hallum from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday, Marketbeat reports.

Several other analysts also recently weighed in on the stock. JMP Securities cut their price objective on shares of SoundThinking from $25.00 to $19.00 and set a "market outperform" rating on the stock in a research report on Wednesday, November 13th. Cantor Fitzgerald raised shares of SoundThinking to a "strong-buy" rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $21.20.

SoundThinking Stock Performance

Shares of SoundThinking stock traded down $0.67 during trading hours on Tuesday, reaching $14.45. The company's stock had a trading volume of 37,850 shares, compared to its average volume of 44,488. The stock has a market cap of $181.93 million, a P/E ratio of -120.41 and a beta of 1.18. The company's 50 day simple moving average is $13.20 and its 200 day simple moving average is $12.83. SoundThinking has a one year low of $9.33 and a one year high of $18.70.

Insider Buying and Selling at SoundThinking

In other news, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction that occurred 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 transaction, the chief financial officer now owns 138,851 shares of the company's stock, valued at $1,936,971.45. The trade was a 9.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ralph A. Clark sold 5,933 shares of SoundThinking stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the completion of the transaction, the chief executive officer now directly owns 520,774 shares in the company, valued at $6,046,186.14. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,632 shares of company stock valued at $325,036. Company insiders own 9.20% of the company's stock.

Institutional Trading of SoundThinking

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of SoundThinking during the fourth quarter worth approximately $70,000. BNP Paribas Financial Markets lifted its stake in SoundThinking by 145.2% in the third 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 last quarter. Diversified Investment Strategies LLC acquired a new stake in SoundThinking in the fourth quarter valued at approximately $131,000. WINTON GROUP Ltd acquired a new stake in SoundThinking in the fourth quarter valued at approximately $228,000. Finally, Two Sigma Advisers LP lifted its stake in SoundThinking by 80.6% in the fourth quarter. Two Sigma Advisers LP now owns 18,600 shares of the company's stock valued at $243,000 after acquiring an additional 8,300 shares during the last quarter. 60.74% of the stock is currently 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.