Rice Hall James & Associates LLC boosted its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 56.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 362,144 shares of the company's stock after buying an additional 130,913 shares during the period. Rice Hall James & Associates LLC owned 2.83% of SoundThinking worth $4,197,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in SoundThinking during the 1st quarter valued at about $923,000. Federated Hermes Inc. boosted its position in SoundThinking by 14.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company's stock valued at $18,331,000 after buying an additional 190,000 shares during the period. Vanguard Group Inc. grew its stake in shares of SoundThinking by 6.9% in the first quarter. Vanguard Group Inc. now owns 504,435 shares of the company's stock worth $8,010,000 after acquiring an additional 32,452 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of SoundThinking during the second quarter worth $298,000. Finally, Squarepoint Ops LLC raised its stake in shares of SoundThinking by 113.6% in the second quarter. Squarepoint Ops LLC now owns 38,199 shares of the company's stock valued at $465,000 after acquiring an additional 20,313 shares in the last quarter. 60.74% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on SSTI shares. Cantor Fitzgerald restated an "overweight" rating and set a $20.00 price target on shares of SoundThinking in a report on Friday, September 6th. Craig Hallum cut their target price on shares of SoundThinking from $19.00 to $17.50 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.13.
Get Our Latest Analysis on SoundThinking
SoundThinking Stock Performance
NASDAQ:SSTI traded down $0.67 during trading hours on Friday, hitting $9.92. The company's stock had a trading volume of 114,077 shares, compared to its average volume of 59,801. SoundThinking, Inc. has a 52-week low of $9.70 and a 52-week high of $26.92. The company has a market capitalization of $126.81 million, a PE ratio of -62.00 and a beta of 1.15. The business's 50-day moving average is $12.38 and its two-hundred day moving average is $13.35.
SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.02. SoundThinking had a negative net margin of 1.85% and a negative return on equity of 8.44%. The company had revenue of $26.96 million for the quarter, compared to the consensus estimate of $25.60 million. As a group, analysts predict that SoundThinking, Inc. will post -0.38 EPS for the current fiscal year.
Insider Activity at SoundThinking
In other news, CEO Ralph A. Clark sold 6,479 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total value of $88,373.56. Following the completion of the transaction, the chief executive officer now owns 529,894 shares of the company's stock, valued at $7,227,754.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Ralph A. Clark sold 5,591 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total value of $80,286.76. Following the completion of the sale, the chief executive officer now directly owns 536,373 shares in the company, valued at approximately $7,702,316.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ralph A. Clark sold 6,479 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total transaction of $88,373.56. Following the sale, the chief executive officer now directly owns 529,894 shares of the company's stock, valued at $7,227,754.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,327 shares of company stock valued at $199,955. 9.20% of the stock is owned by insiders.
About SoundThinking
(
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.
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