Samjo Management LLC Purchases Shares of 64,000 SoundThinking, Inc. $SSTI

Key Points

• Samjo Management LLC has acquired 64,000 shares of SoundThinking, Inc. ($SSTI), valued at approximately $1,085,000, becoming an institutional shareholder with about 0.51% ownership of the company.
• Recent insider trading reports indicate that 10.40% of SoundThinking's stock is held by company insiders, with one insider selling shares, resulting in a 1.89% decrease in their position.
• Five Wall Street analysts have rated SoundThinking with a Buy rating, while the stock has averaged a price target of $20.80.

Samjo Management LLC acquired a new position in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 64,000 shares of the company's stock, valued at approximately $1,085,000. Samjo Management LLC owned about 0.51% of SoundThinking as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the company. Informed Momentum Co LLC acquired a new stake in shares of SoundThinking in the first quarter valued at $732,000. Nuveen LLC purchased a new position in SoundThinking during the 1st quarter valued at about $413,000. Connor Clark & Lunn Investment Management Ltd. grew its position in SoundThinking by 3.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 72,931 shares of the company's stock valued at $1,236,000 after acquiring an additional 2,198 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in SoundThinking by 16.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 29,090 shares of the company's stock worth $493,000 after purchasing an additional 4,200 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of SoundThinking by 120.1% during the first quarter. Mackenzie Financial Corp now owns 94,362 shares of the company's stock worth $1,599,000 after purchasing an additional 51,498 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Nasim Golzadeh sold 1,809 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $15.46, for a total transaction of $27,967.14. Following the completion of the sale, the insider owned 94,134 shares in the company, valued at approximately $1,455,311.64. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 3,462 shares of company stock worth $52,052 over the last 90 days. 10.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SSTI has been the subject of several recent research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $20.00 price objective on shares of SoundThinking in a research note on Wednesday, May 14th. Roth Mkm restated a "buy" rating and issued a $30.00 price target on shares of SoundThinking in a research note on Wednesday, May 14th. Lake Street Capital lowered their target price on SoundThinking from $20.00 to $19.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded SoundThinking from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $20.80.

SoundThinking Price Performance

Shares of NASDAQ SSTI opened at $12.93 on Friday. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $19.43. The company has a market capitalization of $165.37 million, a price-to-earnings ratio of -16.37 and a beta of 1.26. The business has a 50-day moving average of $13.08 and a two-hundred day moving average of $14.79.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.15). The business had revenue of $25.89 million for the quarter, compared to analyst estimates of $26.61 million. SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%. SoundThinking has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

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.

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