Rice Hall James & Associates LLC Has $7.12 Million Stock Position in SoundThinking, Inc. (NASDAQ:SSTI)

Rice Hall James & Associates LLC raised its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,187 shares of the company's stock after buying an additional 22,459 shares during the period. Rice Hall James & Associates LLC owned 3.32% of SoundThinking worth $7,122,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SSTI. Pullen Investment Management LLC raised its holdings in SoundThinking by 61.1% during the fourth quarter. Pullen Investment Management LLC now owns 142,040 shares of the company's stock valued at $1,855,000 after buying an additional 53,888 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of SoundThinking in the fourth quarter valued at about $560,000. Wells Fargo & Company MN grew its position in shares of SoundThinking by 681.6% in the fourth quarter. Wells Fargo & Company MN now owns 45,468 shares of the company's stock valued at $594,000 after purchasing an additional 39,651 shares during the last quarter. Archon Capital Management LLC grew its position in shares of SoundThinking by 40.6% in the fourth 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 during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of SoundThinking in the fourth quarter valued at about $459,000. 60.74% of the stock is currently owned by institutional investors.

SoundThinking Trading Up 5.9%

SSTI stock traded up $0.72 during trading on Thursday, reaching $12.95. 81,326 shares of the stock were exchanged, compared to its average volume of 61,112. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $19.43. The company has a market capitalization of $164.08 million, a P/E ratio of -21.23 and a beta of 1.22. The stock has a 50 day simple moving average of $14.89 and a 200-day simple moving average of $14.98.

SoundThinking (NASDAQ:SSTI - Get Free Report) last released its earnings results 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 return on equity of 10.77% and a negative net margin of 7.39%. The firm had revenue of $28.35 million for the quarter, compared to analyst estimates of $26.91 million. Equities analysts predict that SoundThinking, Inc. will post -0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

SSTI has been the topic of several research analyst reports. Lake Street Capital raised their price target on SoundThinking from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Roth Mkm reaffirmed a "buy" rating and issued a $30.00 price target on shares of SoundThinking in a research report on Wednesday, May 14th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $20.00 price target on shares of SoundThinking in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SoundThinking has a consensus rating of "Buy" and an average price target of $21.00.

Insiders Place Their Bets

In related news, insider Nasim Golzadeh sold 1,809 shares of SoundThinking stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $15.46, for a total transaction of $27,967.14. Following the sale, the insider directly owned 94,134 shares of the company's stock, valued at $1,455,311.64. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 3,474 shares of company stock worth $53,205 over the last 90 days. 9.20% of the stock is owned by company insiders.

SoundThinking 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.