Insider Selling: SoundThinking (NASDAQ:SSTI) Insider Sells $13,905.18 in Stock

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 directly owned 88,603 shares of the company’s stock, valued at $534,276.09. This represents a 2.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

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

SoundThinking Trading Up 5.1%

NASDAQ:SSTI opened at $6.64 on Friday. The company has a 50-day moving average of $9.21 and a 200-day moving average of $11.96. SoundThinking, Inc. has a twelve month low of $5.78 and a twelve month high of $19.43. The firm has a market cap of $84.33 million, a price-to-earnings ratio of -7.90 and a beta of 1.17.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). SoundThinking had a negative net margin of 10.44% and a negative return on equity of 14.57%. The company had revenue of $25.10 million for the quarter, compared to analyst estimates of $27.97 million. On average, research analysts forecast that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On SoundThinking

Several institutional investors and hedge funds have recently modified their holdings of SSTI. Meeder Asset Management Inc. bought a new position in SoundThinking during the third quarter valued at approximately $31,000. BNP Paribas Financial Markets grew its position in SoundThinking by 160.5% in 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 in the last quarter. State of Wyoming acquired a new position in shares of SoundThinking during the 2nd quarter worth $33,000. MetLife Investment Management LLC bought a new position in shares of SoundThinking during the 1st quarter valued at $98,000. Finally, Strs Ohio bought a new position in shares of SoundThinking during the 1st quarter valued at $127,000. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on SSTI shares. Lake Street Capital decreased their target price on shares of SoundThinking from $19.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Craig Hallum lowered shares of SoundThinking from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research note on Thursday, November 13th. Citizens Jmp lowered their price objective on shares of SoundThinking from $19.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 13th. Cantor Fitzgerald cut their target price on shares of SoundThinking from $20.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Finally, Zacks Research raised SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.67.

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.