Kopion Asset Management LLC Raises Stock Position in SoundThinking, Inc. $SSTI

Key Points

• Kopion Asset Management increased its SoundThinking stake by 14.9% in the third quarter to 1.28 million shares, representing roughly 9.89% of the company and 7% of its portfolio. Institutional investors collectively own 60.74% of SSTI.
• SoundThinking reported weaker-than-expected quarterly results, with a loss of $0.37 per share versus a projected $0.25 loss and revenue of $23.89 million versus the $25.77 million consensus estimate. Analysts expect a full-year loss of $1.06 per share.
• Shares recently traded at $8.32, while analysts maintain a largely cautious view: the consensus rating is “Reduce” with a $9.79 price target, following rating downgrades and a lower price objective from Cantor Fitzgerald.

Kopion Asset Management LLC lifted its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 14.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,280,901 shares of the company's stock after acquiring an additional 166,253 shares during the period. SoundThinking makes up 7.0% of Kopion Asset Management LLC's investment portfolio, making the stock its 6th biggest position. Kopion Asset Management LLC owned about 9.89% of SoundThinking worth $10,644,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSTI. Royal Bank of Canada raised its position in SoundThinking by 88.6% during the first quarter. Royal Bank of Canada now owns 4,173 shares of the company's stock valued at $28,000 after purchasing an additional 1,960 shares in the last quarter. Versant Capital Management Inc grew its position in SoundThinking by 31.7% during the second quarter. Versant Capital Management Inc now owns 9,305 shares of the company's stock valued at $84,000 after acquiring an additional 2,239 shares during the last quarter. Sei Investments Co. purchased a new position in shares of SoundThinking during the first quarter worth approximately $92,000. Bank of America Corp DE lifted its holdings in shares of SoundThinking by 16.2% in the 1st quarter. Bank of America Corp DE now owns 14,299 shares of the company's stock worth $95,000 after acquiring an additional 1,992 shares during the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of SoundThinking in the 2nd quarter worth approximately $193,000. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

SoundThinking Stock Performance

NASDAQ:SSTI traded up $0.06 during midday trading on Friday, reaching $8.32. 44,777 shares of the stock traded hands, compared to its average volume of 168,893. The stock has a market capitalization of $107.79 million, a P/E ratio of -6.47 and a beta of 1.11. The company has a fifty day moving average of $6.72 and a 200 day moving average of $7.19. SoundThinking, Inc. has a 12 month low of $5.41 and a 12 month high of $12.09.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.12). The firm had revenue of $23.89 million for the quarter, compared to the consensus estimate of $25.77 million. SoundThinking had a negative net margin of 16.92% and a negative return on equity of 23.77%. On average, analysts predict that SoundThinking, Inc. will post -1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citizens Jmp reaffirmed a "market perform" rating on shares of SoundThinking in a report on Friday, August 14th. Northland Securities lowered shares of SoundThinking from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 29th. Weiss Ratings raised SoundThinking from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, September 14th. Cantor Fitzgerald decreased their price objective on SoundThinking from $10.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, August 14th. Finally, Wall Street Zen lowered SoundThinking from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SoundThinking has a consensus rating of "Reduce" and a consensus target price of $9.79.

About SoundThinking

SoundThinking, Inc is a public safety technology company that provides data-driven tools to help law enforcement agencies detect, analyze and respond to crime. Its platform combines acoustic sensors, artificial intelligence, investigative software and analytics to support public safety operations.

The company's offerings include ShotSpotter, a gunshot detection and location service that uses acoustic sensors and human review to alert agencies to suspected gunfire; CrimeTracer, a search and analysis platform that helps investigators connect information from multiple data sources; and other tools designed to assist with case management, resource allocation and crime analysis.

SoundThinking was founded in 1996 and was previously known as ShotSpotter, Inc The company adopted the SoundThinking name in 2023 as it expanded beyond gunshot detection into a broader public safety technology platform.

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