SoundThinking (NASDAQ:SSTI) Insider Nasim Golzadeh Sells 2,306 Shares

SoundThinking, Inc. (NASDAQ:SSTI) insider Nasim Golzadeh sold 2,306 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $6.03, for a total value of $13,905.18. Following the transaction, the insider owned 88,603 shares of the company’s stock, valued at $534,276.09. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Nasim Golzadeh also recently made the following trade(s):

• On Tuesday, November 18th, Nasim Golzadeh sold 461 shares of SoundThinking stock. The stock was sold at an average price of $6.10, for a total transaction of $2,812.10.

SoundThinking Stock Performance

NASDAQ SSTI opened at $6.15 on Wednesday. The firm has a 50 day simple moving average of $9.43 and a 200-day simple moving average of $12.04. SoundThinking, Inc. has a one year low of $5.78 and a one year high of $19.43. The firm has a market cap of $78.09 million, a price-to-earnings ratio of -7.78 and a beta of 1.17.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Wednesday, November 12th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $27.97 million. SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%. Equities analysts predict that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Trading of SoundThinking

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of SoundThinking by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 15,960 shares of the company’s stock valued at $208,000 after purchasing an additional 980 shares during the period. Pullen Investment Management LLC increased its position in SoundThinking by 1.0% during the second quarter. Pullen Investment Management LLC now owns 160,653 shares of the company’s stock worth $2,097,000 after buying an additional 1,515 shares during the period. BNP Paribas Financial Markets grew its position in shares of SoundThinking by 160.5% during the third quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock worth $33,000 after acquiring an additional 1,688 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of SoundThinking by 9.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 20,336 shares of the company’s stock valued at $245,000 after acquiring an additional 1,759 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of SoundThinking by 9.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 23,068 shares of the company’s stock valued at $391,000 after acquiring an additional 2,033 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SSTI shares. Lake Street Capital reduced their price objective on SoundThinking from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Cantor Fitzgerald cut their price target on SoundThinking from $20.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Roth Capital reaffirmed a “buy” rating and issued a $20.00 price target (down previously from $30.00) on shares of SoundThinking in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of SoundThinking in a research report on Tuesday, November 25th. Finally, Citizens Jmp cut their target price on shares of SoundThinking from $19.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SoundThinking has an average rating of “Moderate Buy” and an average price target of $17.67.

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.