Key Points
- Insider sale: Nasim Golzadeh sold 2,306 shares on December 1 at an average price of $6.03 for $13,905.18, reducing their stake to 88,603 shares (a 2.54% decrease).
- Weak quarterly results: SoundThinking reported a ($0.16) EPS miss vs. a ($0.07) estimate and revenue of $25.1M vs. $27.97M expected, while the stock trades near $6.15 with a $78.1M market cap and negative margins.
- Analyst views are mixed—several firms cut targets to around $16 but the consensus is a "Moderate Buy" with an average target of $17.67—and institutional investors own roughly 60.7% of the shares.
SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) insider Nasim Golzadeh sold 2,306 shares of the company's stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $6.03, for a total value of $13,905.18. Following the sale, the insider directly owned 88,603 shares of the company's stock, valued at approximately $534,276.09. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 value of $2,812.10.
SoundThinking Trading Up 2.8%
NASDAQ:SSTI opened at $6.15 on Wednesday. SoundThinking, Inc. has a 12-month low of $5.78 and a 12-month high of $19.43. The stock's 50 day simple moving average is $9.43 and its 200-day simple moving average is $12.04. The firm has a market cap of $78.09 million, a P/E ratio of -7.78 and a beta of 1.17.
SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly 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 company had revenue of $25.10 million for the quarter, compared to analyst estimates of $27.97 million. SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%. Research analysts forecast that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in shares of SoundThinking during the 2nd quarter valued at approximately $33,000. Meeder Asset Management Inc. acquired a new position in SoundThinking during the third quarter worth $31,000. BNP Paribas Financial Markets raised its holdings in 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 purchasing an additional 1,688 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in SoundThinking during the first quarter worth $98,000. Finally, Strs Ohio acquired a new stake in SoundThinking in the first quarter valued at $127,000. 60.74% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Citizens Jmp lowered their target price on shares of SoundThinking from $19.00 to $16.00 and set a "market outperform" rating on the stock in a report on Thursday, November 13th. Cantor Fitzgerald reduced their price objective on shares of SoundThinking from $20.00 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, November 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of SoundThinking in a research report on Tuesday, November 25th. Roth Capital reissued a "buy" rating and set a $20.00 target price (down from $30.00) on shares of SoundThinking in a research note on Thursday, November 13th. Finally, Craig Hallum downgraded SoundThinking from a "buy" rating to a "hold" rating and set a $10.00 price target on the stock. in a research note on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.67.
Get Our Latest Stock Analysis on SoundThinking
About SoundThinking
(
Get Free Report)
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.
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