Rice Hall James & Associates LLC Raises Stake in SoundThinking, Inc. (NASDAQ:SSTI)

Rice Hall James & Associates LLC grew its position in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,728 shares of the company's stock after buying an additional 35,584 shares during the period. Rice Hall James & Associates LLC owned 3.16% of SoundThinking worth $5,194,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Disciplined Growth Investors Inc. MN purchased a new position in shares of SoundThinking during the 3rd quarter worth approximately $5,354,000. Kopion Asset Management LLC boosted its position in shares of SoundThinking by 24.2% during the 4th quarter. Kopion Asset Management LLC now owns 727,144 shares of the company's stock worth $9,497,000 after purchasing an additional 141,630 shares during the period. Pullen Investment Management LLC boosted its position in shares of SoundThinking by 70.0% during the 3rd quarter. Pullen Investment Management LLC now owns 88,152 shares of the company's stock worth $1,022,000 after purchasing an additional 36,290 shares during the period. JPMorgan Chase & Co. boosted its position in shares of SoundThinking by 93.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company's stock worth $650,000 after purchasing an additional 27,091 shares during the period. Finally, Walleye Capital LLC boosted its position in shares of SoundThinking by 61.9% during the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company's stock worth $602,000 after purchasing an additional 19,861 shares during the period. Hedge funds and other institutional investors own 60.74% of the company's stock.

Insider Activity

In related news, CEO Ralph A. Clark sold 5,933 shares of SoundThinking stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $68,882.13. Following the sale, the chief executive officer now directly owns 520,774 shares in the company, valued at $6,046,186.14. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction of $209,250.00. Following the sale, the chief financial officer now owns 138,851 shares in the company, valued at $1,936,971.45. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,632 shares of company stock worth $325,036. 9.20% of the stock is currently owned by corporate insiders.

SoundThinking Price Performance

Shares of SSTI traded down $0.67 during midday trading on Friday, reaching $14.45. The stock had a trading volume of 37,851 shares, compared to its average volume of 44,810. SoundThinking, Inc. has a 1-year low of $9.33 and a 1-year high of $18.70. The company's fifty day simple moving average is $13.24 and its two-hundred day simple moving average is $12.84. The company has a market cap of $181.93 million, a price-to-earnings ratio of -120.41 and a beta of 1.18.

Analyst Upgrades and Downgrades

SSTI has been the subject of a number of research analyst reports. JMP Securities lowered their price objective on shares of SoundThinking from $25.00 to $19.00 and set a "market outperform" rating for the company in a research report on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of SoundThinking to a "strong-buy" rating in a report on Thursday, November 14th. Finally, Craig Hallum upgraded shares of SoundThinking from a "hold" rating to a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SoundThinking presently has an average rating of "Buy" and a consensus price target of $21.20.

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.