SoundThinking, Inc. (NASDAQ:SSTI) Shares Bought by Pullen Investment Management LLC

Pullen Investment Management LLC increased its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 12.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,138 shares of the company's stock after purchasing an additional 17,098 shares during the period. SoundThinking accounts for about 1.7% of Pullen Investment Management LLC's holdings, making the stock its 13th biggest holding. Pullen Investment Management LLC owned approximately 1.26% of SoundThinking worth $2,697,000 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 raised its position in shares of 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 purchasing an additional 35,584 shares in the last quarter. Geode Capital Management LLC boosted its stake in SoundThinking by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 216,121 shares of the company's stock valued at $2,823,000 after acquiring an additional 2,547 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in SoundThinking by 16.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 149,277 shares of the company's stock worth $1,950,000 after acquiring an additional 20,627 shares in the last quarter. Archon Capital Management LLC increased its position in shares of SoundThinking by 40.6% in the 4th 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. Finally, Renaissance Technologies LLC increased its position in shares of SoundThinking by 17.5% in the 4th quarter. Renaissance Technologies LLC now owns 93,132 shares of the company's stock worth $1,216,000 after purchasing an additional 13,900 shares during the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

SoundThinking Trading Down 1.3%

SSTI traded down $0.20 on Tuesday, hitting $15.72. 55,729 shares of the company's stock were exchanged, compared to its average volume of 61,231. The firm has a market cap of $199.17 million, a PE ratio of -25.77 and a beta of 1.28. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $19.43. The stock has a fifty day moving average of $15.68 and a two-hundred day moving average of $14.83.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its 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). The company had revenue of $28.35 million for the quarter, compared to the consensus estimate of $26.91 million. SoundThinking had a negative net margin of 7.39% and a negative return on equity of 10.77%. On average, analysts predict that SoundThinking, Inc. will post -0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

SSTI has been the subject of a number of research reports. Roth Mkm reiterated a "buy" rating and issued a $30.00 price target on shares of SoundThinking in a research note on Wednesday, May 14th. Craig Hallum upgraded SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Lake Street Capital lifted their target price on SoundThinking from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $20.00 price target on shares of SoundThinking in a report on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, SoundThinking currently has an average rating of "Buy" and an average price target of $21.00.

Insider Activity

In related news, insider Nasim Golzadeh sold 1,809 shares of SoundThinking stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $15.46, for a total value of $27,967.14. Following the sale, the insider now directly owns 94,134 shares in the company, valued at $1,455,311.64. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 3,474 shares of company stock valued at $53,205. 9.20% of the stock is currently owned by company insiders.

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.