R Squared Ltd Acquires Shares of 5,390 SoundThinking, Inc. (NASDAQ:SSTI)

R Squared Ltd bought a new position in shares of SoundThinking, Inc. (NASDAQ:SSTI) in the fourth quarter, HoldingsChannel reports. The firm bought 5,390 shares of the company’s stock, valued at approximately $70,000.

Other large investors also recently modified their holdings of the company. Kopion Asset Management LLC raised its position in SoundThinking by 24.2% during the 4th quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock valued at $9,497,000 after purchasing an additional 141,630 shares during the last quarter. Disciplined Growth Investors Inc. MN bought a new position in shares of SoundThinking during the third quarter valued at approximately $5,354,000. Rice Hall James & Associates LLC lifted its stake in SoundThinking by 56.6% in the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock worth $4,197,000 after acquiring an additional 130,913 shares during the period. State Street Corp boosted its holdings in SoundThinking by 4.3% in the third 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. Finally, Pullen Investment Management LLC raised its holdings in SoundThinking by 70.0% in 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 in the last quarter. 60.74% of the stock is owned by institutional investors.

Insider Activity

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total transaction of $209,250.00. Following the completion of the sale, the chief financial officer now directly owns 138,851 shares in the company, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 520,774 shares in the company, valued at approximately $6,046,186.14. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,621 shares of company stock worth $336,458 over the last three months. 9.20% of the stock is currently owned by corporate insiders.

SoundThinking Stock Performance

Shares of SSTI opened at $13.35 on Friday. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $22.37. The firm’s 50-day simple moving average is $13.03 and its two-hundred day simple moving average is $12.87. The stock has a market cap of $168.08 million, a PE ratio of -111.24 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) 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 company had revenue of $26.25 million during the quarter, compared to analysts’ expectations of $26.20 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. During the same quarter in the previous year, the company earned ($0.09) EPS. Equities research analysts predict that SoundThinking, Inc. will post -0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SSTI shares. JMP Securities cut 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. Craig Hallum reduced their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.