SoundThinking, Inc. $SSTI Holdings Raised by Kopion Asset Management LLC

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 grew its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 586,652 shares of the company's stock after purchasing an additional 44,976 shares during the quarter. SoundThinking makes up approximately 5.2% of Kopion Asset Management LLC's holdings, making the stock its 10th biggest position. Kopion Asset Management LLC owned about 4.63% of SoundThinking worth $7,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSTI. Rice Hall James & Associates LLC lifted its position in shares of SoundThinking by 5.6% during the 1st quarter. Rice Hall James & Associates LLC now owns 420,187 shares of the company's stock valued at $7,122,000 after buying an additional 22,459 shares in the last quarter. Pullen Investment Management LLC boosted its position in SoundThinking by 12.0% during the first quarter. Pullen Investment Management LLC now owns 159,138 shares of the company's stock worth $2,697,000 after purchasing an additional 17,098 shares in the last quarter. Mackenzie Financial Corp boosted its position in SoundThinking by 120.1% during the first quarter. Mackenzie Financial Corp now owns 94,362 shares of the company's stock worth $1,599,000 after purchasing an additional 51,498 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in SoundThinking by 3.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 72,931 shares of the company's stock worth $1,236,000 after purchasing an additional 2,198 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in SoundThinking by 25.9% during the first quarter. Trexquant Investment LP now owns 71,014 shares of the company's stock worth $1,204,000 after purchasing an additional 14,592 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company's stock.

SoundThinking Stock Performance

Shares of SoundThinking stock traded up $0.00 during trading hours on Friday, hitting $12.39. The company's stock had a trading volume of 20,769 shares, compared to its average volume of 59,389. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $19.43. The firm has a fifty day moving average of $12.27 and a 200-day moving average of $14.52. The stock has a market cap of $158.49 million, a price-to-earnings ratio of -15.71 and a beta of 1.16.

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

Insider Activity at SoundThinking

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on SSTI shares. Lake Street Capital lowered their price target on SoundThinking from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen cut SoundThinking from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently 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.