Samjo Management LLC Makes New $1.09 Million Investment in 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 bought a new position in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 64,000 shares of the company's stock, valued at approximately $1,085,000. Samjo Management LLC owned approximately 0.51% of SoundThinking at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Informed Momentum Co LLC bought a new stake in shares of SoundThinking during the first quarter worth about $732,000. Nuveen LLC bought a new stake in shares of SoundThinking during the first quarter worth 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 worth $1,236,000 after purchasing an additional 2,198 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in SoundThinking by 16.9% in the 1st 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 in the last quarter. Finally, Mackenzie Financial Corp grew its position in SoundThinking by 120.1% in the 1st 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 owned by institutional investors.

Insiders Place Their Bets

In other SoundThinking 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 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 Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 3,115 shares of company stock worth $46,989. 10.40% of the stock is owned by insiders.

SoundThinking Trading Up 1.9%

Shares of SSTI stock traded up $0.24 during trading on Thursday, reaching $12.71. 7,628 shares of the company's stock traded hands, compared to its average volume of 58,097. The company has a market capitalization of $162.57 million, a P/E ratio of -16.09 and a beta of 1.26. The firm's 50-day moving average is $12.89 and its 200 day moving average is $14.78. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $19.43.

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

Analyst Ratings Changes

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

SoundThinking Company 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.