466,860 Shares in SoundThinking, Inc. $SSTI Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC bought a new position in shares of SoundThinking, Inc. (NASDAQ:SSTI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 466,860 shares of the company’s stock, valued at approximately $4,225,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming bought a new position in shares of SoundThinking during the second quarter valued at $33,000. BNP Paribas Financial Markets lifted its holdings in shares of SoundThinking by 160.5% during the third quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock worth $33,000 after purchasing an additional 1,688 shares during the period. Royal Bank of Canada grew its stake in shares of SoundThinking by 88.6% in the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock worth $28,000 after purchasing an additional 1,960 shares during the last quarter. Strs Ohio bought a new stake in shares of SoundThinking in the first quarter worth $127,000. Finally, Versant Capital Management Inc grew its stake in shares of SoundThinking by 31.7% in the second quarter. Versant Capital Management Inc now owns 9,305 shares of the company’s stock worth $84,000 after purchasing an additional 2,239 shares during the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSTI has been the subject of several analyst reports. Citizens Jmp reaffirmed a “market perform” rating on shares of SoundThinking in a research report on Friday. Wall Street Zen lowered SoundThinking from a “sell” rating to a “strong sell” rating in a research report on Saturday. Lake Street Capital cut SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a research note on Friday. Cantor Fitzgerald decreased their price target on SoundThinking from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Roth Capital set a $13.00 price objective on SoundThinking in a research report on Friday. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.83.

SoundThinking Stock Down 10.0%

SSTI opened at $5.58 on Tuesday. SoundThinking, Inc. has a twelve month low of $5.57 and a twelve month high of $13.34. The company has a fifty day moving average of $8.17 and a 200-day moving average of $7.37. The stock has a market cap of $72.26 million, a PE ratio of -4.33 and a beta of 1.16.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.12). The firm had revenue of $23.89 million for the quarter, compared to the consensus estimate of $25.77 million. SoundThinking had a negative return on equity of 23.31% and a negative net margin of 16.92%. Sell-side analysts anticipate that SoundThinking, Inc. will post -0.69 EPS for the current fiscal year.

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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.