Nuveen LLC Purchases Shares of 24,369 SoundThinking, Inc. $SSTI

Key Points

• Nuveen LLC acquired 24,369 shares of SoundThinking, Inc. ($SSTI) for approximately $413,000, representing about 0.19% ownership in the company.
• CEO Ralph A. Clark sold 16,161 shares at an average price of $11.80, reducing his ownership by 2.67% to approximately $6.9 million in value.
• SoundThinking's recent earnings report revealed a loss of ($0.24) EPS, missing estimates, with analysts forecasting a consensus price target of $20.80 for the stock.

Nuveen LLC bought a new stake in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 24,369 shares of the company's stock, valued at approximately $413,000. Nuveen LLC owned 0.19% of SoundThinking as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SSTI. BNP Paribas Financial Markets raised its stake in SoundThinking by 77.0% during the 4th quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company's stock valued at $204,000 after purchasing an additional 6,812 shares during the period. GAMMA Investing LLC raised its stake in SoundThinking by 6,553.7% during the 1st quarter. GAMMA Investing LLC now owns 13,374 shares of the company's stock valued at $227,000 after purchasing an additional 13,173 shares during the period. Two Sigma Advisers LP raised its stake in SoundThinking by 80.6% during the 4th quarter. Two Sigma Advisers LP now owns 18,600 shares of the company's stock valued at $243,000 after purchasing an additional 8,300 shares during the period. Rhumbline Advisers raised its stake in SoundThinking by 10.1% during the 1st quarter. Rhumbline Advisers now owns 14,980 shares of the company's stock valued at $254,000 after purchasing an additional 1,373 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of SoundThinking by 99.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 21,035 shares of the company's stock valued at $275,000 after acquiring an additional 10,479 shares in the last quarter. 60.74% of the stock is owned by institutional investors and hedge funds.

SoundThinking Price Performance

NASDAQ:SSTI traded up $0.67 during trading hours on Friday, reaching $12.30. The company's stock had a trading volume of 118,086 shares, compared to its average volume of 69,107. The company has a market cap of $157.32 million, a price-to-earnings ratio of -15.57 and a beta of 1.16. SoundThinking, Inc. has a one year low of $9.33 and a one year high of $19.43. The business's 50-day moving average is $12.53 and its 200-day moving average is $14.70.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.15). The business had revenue of $25.89 million during the quarter, compared to the consensus estimate of $26.61 million. SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%. SoundThinking has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

Insider Transactions at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 16,161 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $11.80, for a total transaction of $190,699.80. Following the completion of the sale, the chief executive officer directly owned 588,638 shares in the company, valued at $6,945,928.40. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 18,925 shares of company stock worth $223,967 in the last three months. 10.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Lake Street Capital lowered their price target on shares of SoundThinking from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Wall Street Zen cut shares of SoundThinking from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Cantor Fitzgerald restated an "overweight" rating and set a $20.00 price target on shares of SoundThinking in a report on Wednesday, May 14th. Finally, Roth Mkm restated a "buy" rating and set a $30.00 price target on shares of SoundThinking in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, SoundThinking presently has an average rating of "Buy" and an average price target of $20.80.

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.