Rice Hall James & Associates LLC Raises Stake in SoundThinking, Inc. (NASDAQ:SSTI)

Rice Hall James & Associates LLC raised its stake in SoundThinking, Inc. (NASDAQ:SSTI) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 397,728 shares of the company’s stock after buying an additional 35,584 shares during the quarter. Rice Hall James & Associates LLC owned approximately 3.16% of SoundThinking worth $5,194,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pullen Investment Management LLC grew its holdings in shares of SoundThinking by 70.0% during 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 during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SoundThinking by 42.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company’s stock worth $635,000 after purchasing an additional 16,336 shares during the period. BNP Paribas Financial Markets grew its holdings 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 purchasing an additional 5,236 shares during the period. Walleye Capital LLC grew its holdings in shares of SoundThinking by 61.9% during the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company’s stock worth $602,000 after purchasing an additional 19,861 shares during the period. Finally, State Street Corp grew its holdings in shares of SoundThinking by 4.3% during the 3rd quarter. State Street Corp now owns 197,024 shares of the company’s stock worth $2,284,000 after purchasing an additional 8,078 shares during the period. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

SoundThinking Price Performance

Shares of SoundThinking stock opened at $13.56 on Tuesday. The business has a 50-day moving average of $13.09 and a 200 day moving average of $12.79. SoundThinking, Inc. has a 12 month low of $9.33 and a 12 month high of $19.79. The stock has a market capitalization of $170.72 million, a price-to-earnings ratio of -112.99 and a beta of 1.18.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SSTI. JMP Securities lowered their price target on 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 lowered their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald upgraded SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.20.

Insider Activity at SoundThinking

In other news, CEO Ralph A. Clark sold 5,933 shares of SoundThinking stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.61, for a total value 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 trade represents a 1.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 owns 138,851 shares of the company’s stock, valued at $1,936,971.45. The trade was a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,632 shares of company stock worth $325,036 in the last three months. 9.20% of the stock is owned by company insiders.

About SoundThinking

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.