SoundThinking, Inc. (NASDAQ:SSTI) is Kopion Asset Management LLC's 7th Largest Position

Kopion Asset Management LLC boosted its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 24.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 727,144 shares of the company's stock after acquiring an additional 141,630 shares during the period. SoundThinking comprises about 6.7% of Kopion Asset Management LLC's holdings, making the stock its 7th biggest holding. Kopion Asset Management LLC owned 5.78% of SoundThinking worth $9,497,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SSTI. Bank of New York Mellon Corp lifted its position in shares of SoundThinking by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company's stock valued at $482,000 after acquiring an additional 3,268 shares in the last quarter. Rhumbline Advisers raised its stake in SoundThinking by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company's stock valued at $170,000 after purchasing an additional 716 shares during the last quarter. Hsbc Holdings PLC purchased a new position in SoundThinking in the 2nd quarter valued at $398,000. Ibex Investors LLC acquired a new stake in SoundThinking during the 2nd quarter worth $171,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of SoundThinking during the second quarter worth $298,000. 60.74% of the stock is owned by hedge funds and other institutional investors.

SoundThinking Price Performance

Shares of SSTI traded up $0.25 during mid-day trading on Wednesday, reaching $12.65. The stock had a trading volume of 44,320 shares, compared to its average volume of 45,424. The business's fifty day moving average is $12.62 and its 200 day moving average is $12.76. SoundThinking, Inc. has a 52-week low of $9.33 and a 52-week high of $24.01. The firm has a market cap of $159.25 million, a price-to-earnings ratio of -105.41 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $26.25 million during the quarter, compared to analysts' expectations of $26.20 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. During the same period last year, the company earned ($0.09) EPS. As a group, sell-side analysts anticipate that SoundThinking, Inc. will post -0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Alan R. Stewart sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the transaction, the chief financial officer now directly owns 138,851 shares in the company, valued at approximately $1,936,971.45. This represents a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the transaction, the chief executive officer now directly owns 520,774 shares of the company's stock, valued at $6,046,186.14. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,621 shares of company stock valued at $336,458 over the last quarter. 9.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SSTI has been the topic of several research reports. Cantor Fitzgerald raised shares of SoundThinking to a "strong-buy" rating in a research note on Thursday, November 14th. JMP Securities decreased their target price on shares of SoundThinking from $25.00 to $19.00 and set a "market outperform" rating on the stock in a research note on Wednesday, November 13th. Finally, Craig Hallum dropped their price target on SoundThinking from $17.50 to $16.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate 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.