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

Rice Hall James & Associates LLC acquired a new position in shares of SoundThinking, Inc. (NASDAQ:SSTI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 466,860 shares of the company’s stock, valued at approximately $4,225,000. Rice Hall James & Associates LLC owned approximately 3.61% of SoundThinking as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of SoundThinking by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 15,960 shares of the company’s stock worth $208,000 after acquiring an additional 980 shares during the period. Barclays PLC increased its stake in SoundThinking by 4.3% in the fourth quarter. Barclays PLC now owns 32,365 shares of the company’s stock valued at $260,000 after acquiring an additional 1,347 shares during the last quarter. BNP Paribas Financial Markets increased its stake in SoundThinking by 160.5% in the third quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after acquiring an additional 1,688 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in SoundThinking by 9.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 20,336 shares of the company’s stock valued at $245,000 after purchasing an additional 1,759 shares in the last quarter. Finally, Royal Bank of Canada raised its position in SoundThinking by 88.6% during the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock valued at $28,000 after purchasing an additional 1,960 shares in the last quarter. 60.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SSTI has been the topic of a number of research analyst reports. Wall Street Zen downgraded SoundThinking from a “sell” rating to a “strong sell” rating in a report on Saturday. Cantor Fitzgerald lowered their price target on SoundThinking from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Friday. Citizens Jmp restated a “market perform” rating on shares of SoundThinking in a research report on Friday. Zacks Research upgraded SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Lake Street Capital lowered SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price objective on the stock. in a research note on Friday. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SoundThinking has an average rating of “Hold” and an average price target of $10.83.

SoundThinking Price Performance

Shares of NASDAQ:SSTI opened at $5.58 on Tuesday. SoundThinking, Inc. has a one year low of $5.57 and a one year high of $13.34. The company has a market cap of $72.26 million, a price-to-earnings ratio of -4.33 and a beta of 1.16. The firm has a 50 day simple moving average of $8.17 and a 200 day simple moving average of $7.37.

SoundThinking (NASDAQ:SSTI) last posted 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 company 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%. As a group, analysts expect that SoundThinking, Inc. will post -0.69 EPS for the current year.

SoundThinking Company 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.