Acuitas Investments LLC Sells 20,878 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Acuitas Investments LLC reduced its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 23.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 69,749 shares of the company’s stock after selling 20,878 shares during the quarter. Acuitas Investments LLC’s holdings in SoundThinking were worth $850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SSTI. Bares Capital Management Inc. raised its stake in shares of SoundThinking by 10.7% in the 4th quarter. Bares Capital Management Inc. now owns 739,213 shares of the company’s stock valued at $18,880,000 after acquiring an additional 71,705 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of SoundThinking in the first quarter valued at approximately $923,000. Premier Fund Managers Ltd acquired a new stake in shares of SoundThinking in the fourth quarter worth $252,000. Vanguard Group Inc. boosted its holdings in shares of SoundThinking by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock worth $8,010,000 after buying an additional 32,452 shares during the period. Finally, Worth Venture Partners LLC grew its stake in SoundThinking by 76.3% in the 4th quarter. Worth Venture Partners LLC now owns 41,221 shares of the company’s stock valued at $1,053,000 after buying an additional 17,841 shares during the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

Analysts Set New Price Targets

SSTI has been the subject of a number of recent analyst reports. William Blair cut shares of SoundThinking from an “outperform” rating to a “market perform” rating in a report on Friday, May 17th. Cantor Fitzgerald decreased their target price on SoundThinking from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, May 15th. Roth Mkm reaffirmed a “buy” rating and issued a $30.00 price target on shares of SoundThinking in a research report on Wednesday, May 15th. Lake Street Capital started coverage on SoundThinking in a report on Friday, May 24th. They set a “buy” rating and a $21.00 price target for the company. Finally, Craig Hallum dropped their target price on shares of SoundThinking from $19.00 to $17.50 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, SoundThinking has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

SoundThinking Stock Down 0.5 %

SSTI stock opened at $13.41 on Friday. SoundThinking, Inc. has a twelve month low of $11.00 and a twelve month high of $26.92. The company has a market cap of $171.55 million, a PE ratio of -41.91 and a beta of 1.21. The business’s 50-day simple moving average is $13.77 and its 200 day simple moving average is $14.54.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. The company had revenue of $26.96 million for the quarter, compared to analyst estimates of $25.60 million. SoundThinking had a negative return on equity of 8.44% and a negative net margin of 1.85%. On average, equities research analysts anticipate that SoundThinking, Inc. will post -0.38 EPS for the current year.

Insider Activity

In other SoundThinking news, CEO Ralph A. Clark sold 5,591 shares of SoundThinking stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total transaction of $80,286.76. Following the sale, the chief executive officer now directly owns 536,373 shares of the company’s stock, valued at $7,702,316.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ralph A. Clark sold 6,479 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total value of $88,373.56. Following the sale, the chief executive officer now owns 529,894 shares of the company’s stock, valued at approximately $7,227,754.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ralph A. Clark sold 5,591 shares of SoundThinking stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total transaction of $80,286.76. Following the transaction, the chief executive officer now directly owns 536,373 shares of the company’s stock, valued at $7,702,316.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,161 shares of company stock worth $197,976. Corporate insiders own 7.70% of the company’s stock.

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.