SoundThinking (NASDAQ:SSTI) Upgraded at Cantor Fitzgerald

SoundThinking (NASDAQ:SSTI - Get Free Report) was upgraded by equities research analysts at Cantor Fitzgerald to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

A number of other equities analysts also recently issued reports on SSTI. Craig Hallum dropped their price objective on shares of SoundThinking from $17.50 to $16.00 and set a "hold" rating on the stock in a report on Wednesday. JMP Securities dropped their price objective on shares of SoundThinking from $25.00 to $19.00 and set a "market outperform" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.20.

SoundThinking Stock Down 0.8 %

Shares of NASDAQ SSTI traded down $0.09 during trading on Thursday, reaching $11.43. 60,736 shares of the company traded hands, compared to its average volume of 61,070. The firm has a 50 day simple moving average of $11.70 and a 200-day simple moving average of $13.17. The stock has a market capitalization of $146.08 million, a PE ratio of -95.24 and a beta of 1.17. SoundThinking has a 52-week low of $9.33 and a 52-week high of $26.92.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.03). The business had revenue of $26.25 million during the quarter, compared to analysts' expectations of $26.20 million. SoundThinking had a negative return on equity of 8.69% and a negative net margin of 1.39%. During the same period in the previous year, the business posted ($0.09) EPS. As a group, research analysts predict that SoundThinking will post -0.38 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total transaction of $88,373.56. Following the sale, the chief executive officer now owns 529,894 shares in the company, valued at $7,227,754.16. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 14,327 shares of company stock worth $199,955. Company insiders own 9.20% of the company's stock.

Institutional Investors Weigh In On SoundThinking

Several institutional investors and hedge funds have recently modified their holdings of SSTI. Vanguard Group Inc. raised its position in shares of SoundThinking by 6.9% during the first quarter. Vanguard Group Inc. now owns 504,435 shares of the company's stock valued at $8,010,000 after buying an additional 32,452 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of SoundThinking during the first quarter valued at approximately $923,000. Bares Capital Management Inc. raised its position in shares of SoundThinking by 4.9% during the first quarter. Bares Capital Management Inc. now owns 775,400 shares of the company's stock valued at $12,313,000 after buying an additional 36,187 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of SoundThinking by 9.0% during the second quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company's stock valued at $482,000 after buying an additional 3,268 shares during the last quarter. Finally, Pullen Investment Management LLC bought a new stake in shares of SoundThinking during the second quarter valued at approximately $632,000. Institutional investors own 60.74% of the company's stock.

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.