Renaissance Technologies LLC Sells 1,573 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Renaissance Technologies LLC lessened its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,332 shares of the company’s stock after selling 1,573 shares during the quarter. Renaissance Technologies LLC owned about 0.75% of SoundThinking worth $1,173,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in SoundThinking by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after purchasing an additional 716 shares during the period. Cim LLC bought a new stake in SoundThinking during the 4th quarter valued at approximately $415,000. Bank of New York Mellon Corp boosted its stake in SoundThinking by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock valued at $482,000 after purchasing an additional 3,268 shares during the period. Pullen Investment Management LLC bought a new stake in SoundThinking during the 2nd quarter valued at approximately $632,000. Finally, Quadrature Capital Ltd bought a new stake in SoundThinking during the 1st quarter valued at approximately $923,000. Institutional investors own 60.74% of the company’s stock.

SoundThinking Stock Performance

Shares of SSTI opened at $11.50 on Friday. SoundThinking, Inc. has a 52 week low of $10.78 and a 52 week high of $26.92. The firm has a market capitalization of $146.97 million, a price-to-earnings ratio of -35.94 and a beta of 1.15. The business’s fifty day moving average price is $13.55 and its two-hundred day moving average price is $13.88.

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. SoundThinking had a negative return on equity of 8.44% and a negative net margin of 1.85%. The business had revenue of $26.96 million for the quarter, compared to analyst estimates of $25.60 million. As a group, research analysts forecast that SoundThinking, Inc. will post -0.38 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on SSTI shares. Craig Hallum reduced their price objective on SoundThinking from $19.00 to $17.50 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 price objective on shares of SoundThinking in a research report on Friday, September 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, SoundThinking has an average rating of “Moderate Buy” and an average target price of $22.13.

Insider Transactions at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total transaction of $88,373.56. Following the transaction, the chief executive officer now directly owns 529,894 shares in the company, valued at approximately $7,227,754.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other SoundThinking news, CEO Ralph A. Clark sold 5,591 shares of SoundThinking stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total value of $80,286.76. Following the sale, the chief executive officer now owns 536,373 shares of the company’s stock, valued at $7,702,316.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ralph A. Clark sold 6,479 shares of SoundThinking 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 completion of the sale, the chief executive officer now directly owns 529,894 shares in the company, valued at approximately $7,227,754.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,327 shares of company stock worth $199,955 in the last three months. 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.