Key Points
- Veradace Partners LP bought 7,016 shares on Feb. 23 at $7.04, bringing its direct holdings to 2,024,132 shares (about $14.25M), a reported 0.35% increase in ownership.
- The firm has continued accumulating shares in recent days — including purchases of 105,880 shares on Feb. 18 at $7.14, 8,748 on Feb. 19 at $7.07, and 15,773 on Feb. 24 at $7.14 — suggesting sustained insider buying.
- SoundThinking shares opened at $7.23 (up ~2.6%), the company has a market cap of roughly $91.8M, and analysts are mixed with a consensus rating of "Hold" and a consensus target of $14.
SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) major shareholder Veradace Partners Lp acquired 7,016 shares of the company's stock in a transaction on Monday, February 23rd. The stock was bought at an average cost of $7.04 per share, with a total value of $49,392.64. Following the completion of the acquisition, the insider directly owned 2,024,132 shares in the company, valued at approximately $14,249,889.28. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Veradace Partners Lp also recently made the following trade(s):
- On Tuesday, February 24th, Veradace Partners Lp bought 15,773 shares of SoundThinking stock. The shares were bought at an average cost of $7.14 per share, for a total transaction of $112,619.22.
- On Thursday, February 19th, Veradace Partners Lp purchased 8,748 shares of SoundThinking stock. The stock was bought at an average price of $7.07 per share, for a total transaction of $61,848.36.
- On Wednesday, February 18th, Veradace Partners Lp acquired 105,880 shares of SoundThinking stock. The shares were purchased at an average cost of $7.14 per share, with a total value of $755,983.20.
SoundThinking Stock Up 2.6%
Shares of SoundThinking stock opened at $7.23 on Wednesday. The company has a market capitalization of $91.82 million, a price-to-earnings ratio of -8.61 and a beta of 1.16. SoundThinking, Inc. has a 12-month low of $5.78 and a 12-month high of $19.43. The firm's 50-day moving average price is $7.71 and its two-hundred day moving average price is $9.34.
Analyst Ratings Changes
A number of research analysts recently issued reports on SSTI shares. Roth Mkm reissued a "buy" rating and issued a $20.00 price objective (down from $30.00) on shares of SoundThinking in a research note on Thursday, November 13th. Citizens Jmp reduced their target price on SoundThinking from $19.00 to $16.00 and set a "market outperform" rating on the stock in a report on Thursday, November 13th. Lake Street Capital decreased their price target on SoundThinking from $19.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, November 13th. Craig Hallum downgraded SoundThinking from a "buy" rating to a "hold" rating and set a $10.00 price objective for the company. in a research report on Thursday, November 13th. Finally, Cantor Fitzgerald cut shares of SoundThinking from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $16.00 to $10.00 in a research report on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $14.00.
View Our Latest Stock Analysis on SoundThinking
Institutional Investors Weigh In On SoundThinking
Institutional investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in SoundThinking in the 2nd quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new stake in shares of SoundThinking in the third quarter worth $31,000. BNP Paribas Financial Markets lifted its holdings in SoundThinking by 160.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company's stock worth $33,000 after buying an additional 1,688 shares during the period. Strs Ohio bought a new stake in SoundThinking in the first quarter valued at approximately $127,000. Finally, Corient Private Wealth LLC acquired a new position in shares of SoundThinking in the 2nd quarter valued at about $132,000. 60.74% of the stock is owned by institutional investors.
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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.
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