GSA Capital Partners LLP Lowers Position in SoundThinking, Inc. (NASDAQ:SSTI)

GSA Capital Partners LLP lessened its position in SoundThinking, Inc. (NASDAQ:SSTI) by 20.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,894 shares of the company’s stock after selling 12,790 shares during the quarter. GSA Capital Partners LLP owned approximately 0.38% of SoundThinking worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in 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. Ibex Investors LLC purchased a new position in SoundThinking during the second quarter valued at $171,000. Cim LLC raised its stake in SoundThinking by 18.5% during the second quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after buying an additional 3,094 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in SoundThinking during the second quarter valued at $298,000. Finally, Hsbc Holdings PLC purchased a new position in SoundThinking during the second quarter valued at $398,000. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SSTI. JMP Securities lowered their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Finally, Craig Hallum reduced 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. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.20.

SoundThinking Trading Up 0.3 %

SoundThinking stock opened at $11.76 on Wednesday. The firm has a market cap of $148.06 million, a price-to-earnings ratio of -97.99 and a beta of 1.17. The stock has a fifty day simple moving average of $11.67 and a two-hundred day simple moving average of $13.14. SoundThinking, Inc. has a 12 month low of $9.33 and a 12 month high of $26.92.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The firm had revenue of $26.25 million during the quarter, compared to the consensus estimate of $26.20 million. During the same period in the previous year, the firm earned ($0.09) EPS. On average, equities research analysts forecast that SoundThinking, Inc. will post -0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ralph A. Clark sold 5,591 shares of SoundThinking stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $14.36, for a total value of $80,286.76. Following the completion of the sale, the chief executive officer now owns 536,373 shares of the company’s stock, valued at $7,702,316.28. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 13,332 shares of company stock valued at $185,826 over the last 90 days. Company insiders own 9.20% of the company’s stock.

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.