SoundThinking, Inc. (NASDAQ:SSTI) Shares Bought by Kopion Asset Management LLC

Kopion Asset Management LLC boosted its stake in SoundThinking, Inc. (NASDAQ:SSTI) by 24.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 727,144 shares of the company’s stock after purchasing an additional 141,630 shares during the period. SoundThinking comprises approximately 6.7% of Kopion Asset Management LLC’s investment portfolio, making the stock its 7th biggest position. Kopion Asset Management LLC owned approximately 5.78% of SoundThinking worth $9,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after acquiring an additional 716 shares during the last quarter. Cim LLC grew its holdings in SoundThinking by 18.5% during the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after acquiring an additional 3,094 shares during the period. Bank of New York Mellon Corp lifted its stake in 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 buying an additional 3,268 shares during the period. BNP Paribas Financial Markets grew its position in shares of SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after buying an additional 5,236 shares during the period. Finally, State Street Corp increased its stake in shares of SoundThinking by 4.3% in the 3rd quarter. State Street Corp now owns 197,024 shares of the company’s stock valued at $2,284,000 after acquiring an additional 8,078 shares in the last quarter. 60.74% of the stock is owned by institutional investors and hedge funds.

SoundThinking Trading Up 2.0 %

Shares of NASDAQ:SSTI traded up $0.25 during mid-day trading on Wednesday, hitting $12.65. 1,084 shares of the company traded hands, compared to its average volume of 40,858. The stock has a market cap of $159.25 million, a P/E ratio of -105.41 and a beta of 1.18. The stock has a 50-day moving average price of $12.62 and a two-hundred day moving average price of $12.76. SoundThinking, Inc. has a 12-month low of $9.33 and a 12-month high of $24.01.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The firm had revenue of $26.25 million for the quarter, compared to the consensus estimate 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 in the previous year, the business earned ($0.09) earnings per share. As a group, analysts expect that SoundThinking, Inc. will post -0.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 directly owns 138,851 shares in the company, valued at $1,936,971.45. The trade was a 9.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the sale, the chief executive officer now owns 520,774 shares of the company’s stock, valued at $6,046,186.14. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,621 shares of company stock valued at $336,458. Insiders own 9.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JMP Securities reduced their price target on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. Craig Hallum decreased their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.20.

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.