Kopion Asset Management LLC Has $9.50 Million Stock Holdings in SoundThinking, Inc. (NASDAQ:SSTI)

Kopion Asset Management LLC raised its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 24.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 727,144 shares of the company’s stock after buying an additional 141,630 shares during the quarter. SoundThinking comprises 6.7% of Kopion Asset Management LLC’s portfolio, making the stock its 7th largest holding. Kopion Asset Management LLC owned approximately 0.06% of SoundThinking worth $9,497,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in SoundThinking by 145.2% in the third 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 in the last quarter. Rhumbline Advisers lifted its holdings in shares of SoundThinking by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after acquiring an additional 716 shares during the last quarter. Ibex Investors LLC purchased a new stake in shares of SoundThinking in the 2nd quarter valued at $171,000. Cim LLC grew its holdings in shares of SoundThinking by 18.5% during the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after purchasing an additional 3,094 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of SoundThinking during the 2nd quarter valued at $298,000. Institutional investors own 60.74% of the company’s stock.

SoundThinking Trading Up 2.0 %

SSTI traded up $0.25 during trading on Wednesday, reaching $12.65. The stock had a trading volume of 1,084 shares, compared to its average volume of 40,858. SoundThinking, Inc. has a one year low of $9.33 and a one year high of $24.01. The company has a market capitalization of $159.25 million, a price-to-earnings ratio of -105.41 and a beta of 1.18. The stock’s 50 day moving average is $12.62 and its two-hundred day moving average is $12.76.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The business had revenue of $26.25 million during the quarter, compared to the consensus estimate 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 business earned ($0.09) earnings per share. On average, equities research analysts predict that SoundThinking, Inc. will post -0.39 earnings per share for the current year.

Insider Activity at SoundThinking

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the transaction, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction that occurred 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 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. Insiders sold a total of 25,621 shares of company stock valued at $336,458 in the last 90 days. Corporate insiders own 9.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SSTI shares. JMP Securities reduced their price target on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Craig Hallum cut their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Two investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.