SoundThinking (NASDAQ:SSTI) Upgraded at Craig Hallum

SoundThinking (NASDAQ:SSTI) was upgraded by equities researchers at Craig Hallum from a “hold” rating to a “buy” rating in a report issued on Tuesday,Finviz reports.

A number of other research analysts have also recently commented on SSTI. JMP Securities reduced their target price 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 SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $21.20.

SoundThinking Stock Performance

Shares of NASDAQ:SSTI traded up $1.84 during mid-day trading on Tuesday, hitting $15.40. 224,516 shares of the company traded hands, compared to its average volume of 42,037. The firm has a market cap of $193.86 million, a P/E ratio of -129.28 and a beta of 1.18. SoundThinking has a 52-week low of $9.33 and a 52-week high of $18.70. The firm’s 50 day simple moving average is $13.09 and its 200 day simple moving average is $12.79.

Insider Buying and Selling

In related news, CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction 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 $1,936,971.45. This represents a 9.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.61, for a total value of $68,882.13. Following the completion of the sale, the chief executive officer now owns 520,774 shares in the company, valued at $6,046,186.14. The trade was a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,632 shares of company stock worth $325,036 over the last ninety days. 9.20% of the stock is owned by insiders.

Institutional Trading of SoundThinking

Large investors have recently modified their holdings of the company. Two Sigma Advisers LP boosted its holdings in shares of 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 in the last quarter. Two Sigma Investments LP grew its position in SoundThinking by 18.6% in the fourth quarter. Two Sigma Investments LP now owns 48,719 shares of the company’s stock worth $636,000 after buying an additional 7,636 shares during the last quarter. Sherbrooke Park Advisers LLC increased its holdings in shares of SoundThinking by 18.2% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 23,302 shares of the company’s stock valued at $304,000 after buying an additional 3,589 shares in the last quarter. Man Group plc lifted its holdings in shares of SoundThinking by 130.1% during the fourth quarter. Man Group plc now owns 30,020 shares of the company’s stock valued at $392,000 after purchasing an additional 16,975 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in SoundThinking by 11.5% in the 4th quarter. Millennium Management LLC now owns 62,300 shares of the company’s stock worth $814,000 after purchasing an additional 6,416 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.

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.