Rice Hall James & Associates LLC raised its position in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 420,187 shares of the company's stock after purchasing an additional 22,459 shares during the period. Rice Hall James & Associates LLC owned about 3.32% of SoundThinking worth $7,122,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of SoundThinking by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 216,121 shares of the company's stock worth $2,823,000 after buying an additional 2,547 shares during the last quarter. Pullen Investment Management LLC raised 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 acquiring an additional 17,098 shares during the period. Dimensional Fund Advisors LP increased its stake 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 buying an additional 20,627 shares in the last quarter. Archon Capital Management LLC lifted its holdings in SoundThinking by 40.6% in the 4th quarter. Archon Capital Management LLC now owns 131,538 shares of the company's stock valued at $1,718,000 after purchasing an additional 38,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of SoundThinking by 17.5% during 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 hedge funds and other institutional investors.
SoundThinking Stock Down 4.3%
Shares of NASDAQ:SSTI opened at $13.27 on Monday. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $19.43. The firm's 50-day simple moving average is $15.10 and its 200-day simple moving average is $15.02. The company has a market cap of $168.13 million, a price-to-earnings ratio of -21.75 and a beta of 1.22.
SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). SoundThinking had a negative net margin of 7.39% and a negative return on equity of 10.77%. The business had revenue of $28.35 million during the quarter, compared to analysts' expectations of $26.91 million. On average, research analysts forecast that SoundThinking, Inc. will post -0.42 EPS for the current year.
Insider Activity at SoundThinking
In other news, insider Nasim Golzadeh sold 1,809 shares of SoundThinking stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $15.46, for a total transaction of $27,967.14. Following the completion of the transaction, the insider owned 94,134 shares of the company's stock, valued at $1,455,311.64. The trade was a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 3,474 shares of company stock valued at $53,205 in the last ninety days. 9.20% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms have commented on SSTI. Roth Mkm reaffirmed a "buy" rating and issued a $30.00 target price on shares of SoundThinking in a research report on Wednesday, May 14th. Lake Street Capital increased their price objective on shares of SoundThinking from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $20.00 target price on shares of SoundThinking in a research report on Wednesday, May 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SoundThinking currently has a consensus rating of "Buy" and a consensus target price of $21.00.
Read Our Latest Research Report on SSTI
SoundThinking Company Profile
(
Free Report)
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.
Further Reading
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