Kopion Asset Management LLC Has $7.66 Million Position in SoundThinking, Inc. $SSTI

Key Points

• Kopion Asset Management LLC increased its stake in SoundThinking, Inc. ($SSTI) by 8.3%, holding 586,652 shares valued at approximately $7.66 million, making it the fund's 10th largest holding.
• SoundThinking reported a loss of $0.24 earnings per share in its latest quarter, missing analyst expectations, with revenue of $25.89 million against a consensus estimate of $26.61 million.
• Insider activity included CEO Ralph A. Clark selling 16,161 shares at an average price of $11.80, bringing his total holdings to 588,638 shares, a decrease of 2.67%.

Kopion Asset Management LLC increased its position in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 586,652 shares of the company's stock after acquiring an additional 44,976 shares during the quarter. SoundThinking comprises 5.2% of Kopion Asset Management LLC's investment portfolio, making the stock its 10th largest holding. Kopion Asset Management LLC owned approximately 4.63% of SoundThinking worth $7,659,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SSTI. MetLife Investment Management LLC bought a new stake in shares of SoundThinking in the first quarter valued at approximately $98,000. Strs Ohio bought a new stake in SoundThinking during the 1st quarter valued at $127,000. BNP Paribas Financial Markets lifted its position in shares of SoundThinking by 77.0% during the fourth quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company's stock worth $204,000 after acquiring an additional 6,812 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of SoundThinking by 6,553.7% in the first quarter. GAMMA Investing LLC now owns 13,374 shares of the company's stock worth $227,000 after acquiring an additional 13,173 shares during the period. Finally, Two Sigma Advisers LP grew its position 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 purchasing an additional 8,300 shares in the last quarter. 60.74% of the stock is owned by hedge funds and other institutional investors.

SoundThinking Stock Down 3.1%

NASDAQ:SSTI opened at $12.47 on Monday. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $19.43. The stock has a market cap of $159.49 million, a P/E ratio of -15.78 and a beta of 1.16. The business's 50-day moving average price is $12.40 and its two-hundred day moving average price is $14.60.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.15). The company 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, equities research analysts expect that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ralph A. Clark sold 16,161 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.80, for a total value of $190,699.80. Following the transaction, the chief executive officer owned 588,638 shares of the company's stock, 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 through the SEC website. Over the last ninety days, insiders have sold 18,925 shares of company stock worth $223,967. Insiders own 10.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on SSTI shares. Lake Street Capital cut their target price on SoundThinking from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Wall Street Zen lowered shares of SoundThinking from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, SoundThinking has a consensus rating of "Buy" and an average target price 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.

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