Ibex Investors LLC Buys Shares of 14,000 SoundThinking, Inc. (NASDAQ:SSTI)

Ibex Investors LLC bought a new stake in SoundThinking, Inc. (NASDAQ:SSTI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,000 shares of the company’s stock, valued at approximately $171,000. SoundThinking accounts for about 0.2% of Ibex Investors LLC’s portfolio, making the stock its 13th largest holding. Ibex Investors LLC owned 0.11% of SoundThinking as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in shares of SoundThinking by 5.4% during the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after buying an additional 716 shares during the last quarter. Premier Fund Managers Ltd bought a new stake in shares of SoundThinking during the fourth quarter valued at approximately $252,000. Hsbc Holdings PLC bought a new stake in shares of SoundThinking during the second quarter valued at approximately $398,000. Cim LLC bought a new stake in shares of SoundThinking during the fourth quarter valued at approximately $415,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of SoundThinking by 9.0% during the second quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock valued at $482,000 after buying an additional 3,268 shares during the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total value of $88,373.56. Following the transaction, the chief executive officer now owns 529,894 shares in the company, valued at $7,227,754.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total value of $88,373.56. Following the transaction, the chief executive officer now owns 529,894 shares in the company, valued at $7,227,754.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 transaction, the chief executive officer now owns 536,373 shares in the company, valued at $7,702,316.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,327 shares of company stock worth $199,955. 7.70% of the stock is owned by insiders.

SoundThinking Price Performance

Shares of NASDAQ:SSTI opened at $12.91 on Thursday. SoundThinking, Inc. has a 12 month low of $11.00 and a 12 month high of $26.92. The stock has a market cap of $165.16 million, a price-to-earnings ratio of -40.34 and a beta of 1.16. The stock’s 50 day moving average price is $13.92 and its 200 day moving average price is $14.22.

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

Wall Street Analyst Weigh In

SSTI has been the topic of a number of recent analyst reports. Lake Street Capital initiated coverage on SoundThinking in a report on Friday, May 24th. They set a “buy” rating and a $21.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 target price on shares of SoundThinking in a report on Friday, September 6th. Finally, Craig Hallum dropped their target price on SoundThinking from $19.00 to $17.50 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.13.

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.