Kopion Asset Management LLC Sells 185,468 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Kopion Asset Management LLC reduced its stake in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 541,676 shares of the company's stock after selling 185,468 shares during the period. SoundThinking makes up about 7.1% of Kopion Asset Management LLC's investment portfolio, making the stock its 4th biggest holding. Kopion Asset Management LLC owned approximately 4.28% of SoundThinking worth $9,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC boosted its position in SoundThinking by 9.8% in the 4th quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company's stock valued at $5,194,000 after buying an additional 35,584 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of SoundThinking by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 216,121 shares of the company's stock worth $2,823,000 after purchasing an additional 2,547 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of SoundThinking by 16.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 149,277 shares of the company's stock worth $1,950,000 after purchasing an additional 20,627 shares during the last quarter. Pullen Investment Management LLC lifted its position in shares of SoundThinking by 61.1% during the fourth quarter. Pullen Investment Management LLC now owns 142,040 shares of the company's stock worth $1,855,000 after purchasing an additional 53,888 shares during the last quarter. Finally, Archon Capital Management LLC lifted its position in shares of SoundThinking by 40.6% during the fourth quarter. Archon Capital Management LLC now owns 131,538 shares of the company's stock worth $1,718,000 after purchasing an additional 38,000 shares during the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SSTI. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $20.00 price target on shares of SoundThinking in a research report on Wednesday, May 14th. Craig Hallum raised shares of SoundThinking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Lake Street Capital raised their target price on shares of SoundThinking from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Roth Mkm reissued a "buy" rating and issued a $30.00 target price on shares of SoundThinking in a report on Wednesday, May 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, SoundThinking currently has an average rating of "Buy" and a consensus target price of $21.00.

SoundThinking Trading Up 0.8%

NASDAQ SSTI traded up $0.13 during trading hours on Monday, reaching $15.64. The company's stock had a trading volume of 77,760 shares, compared to its average volume of 62,270. The business has a 50-day simple moving average of $15.80 and a 200 day simple moving average of $14.54. SoundThinking, Inc. has a 52 week low of $9.33 and a 52 week high of $19.43. The stock has a market cap of $198.21 million, a PE ratio of -130.32 and a beta of 1.21.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The firm had revenue of $28.35 million during the quarter, compared to analyst estimates of $26.91 million. As a group, equities analysts predict that SoundThinking, Inc. will post -0.42 EPS for the current year.

About SoundThinking

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.