SoundThinking, Inc. (NASDAQ:SSTI) Shares Acquired by Acuitas Investments LLC

Acuitas Investments LLC lifted its position in SoundThinking, Inc. (NASDAQ:SSTI) by 76.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,984 shares of the company’s stock after acquiring an additional 35,124 shares during the period. Acuitas Investments LLC’s holdings in SoundThinking were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Kopion Asset Management LLC purchased a new stake in shares of SoundThinking during the 4th quarter worth about $3,202,000. Kennedy Capital Management LLC purchased a new position in SoundThinking in the 3rd quarter valued at about $1,898,000. Mainsail Management Company LLC purchased a new position in SoundThinking in the 3rd quarter valued at about $1,646,000. Bares Capital Management Inc. lifted its stake in SoundThinking by 12.6% in the 3rd quarter. Bares Capital Management Inc. now owns 667,508 shares of the company’s stock valued at $11,948,000 after buying an additional 74,521 shares in the last quarter. Finally, Worth Venture Partners LLC purchased a new position in SoundThinking in the 3rd quarter valued at about $419,000. 60.74% of the stock is owned by hedge funds and other institutional investors.

SoundThinking Stock Up 2.0 %

NASDAQ:SSTI traded up $0.27 during trading hours on Friday, reaching $13.70. 9,596 shares of the stock were exchanged, compared to its average volume of 57,582. SoundThinking, Inc. has a twelve month low of $12.98 and a twelve month high of $32.04. The business has a 50-day moving average of $15.84 and a two-hundred day moving average of $19.26. The company has a market capitalization of $175.22 million, a price-to-earnings ratio of -56.96 and a beta of 1.21.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.14). SoundThinking had a negative return on equity of 11.69% and a negative net margin of 2.93%. The company had revenue of $26.05 million for the quarter, compared to analysts’ expectations of $25.97 million. On average, research analysts forecast that SoundThinking, Inc. will post -0.19 EPS for the current fiscal year.

Insider Activity at SoundThinking

In related news, CEO Ralph A. Clark sold 2,034 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $16.42, for a total value of $33,398.28. Following the completion of the sale, the chief executive officer now owns 543,857 shares in the company, valued at $8,930,131.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 3,296 shares of company stock valued at $54,459 over the last quarter. 7.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $25.00 price objective on shares of SoundThinking in a report on Friday, March 15th.

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.