24,483 Shares in SoundThinking, Inc. (NASDAQ:SSTI) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in shares of SoundThinking, Inc. (NASDAQ:SSTI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 24,483 shares of the company’s stock, valued at approximately $298,000.

A number of other institutional investors also recently made changes to their positions in SSTI. Ibex Investors LLC bought a new stake in SoundThinking during the second quarter worth approximately $171,000. Hsbc Holdings PLC bought a new stake in shares of SoundThinking in the 2nd quarter worth $398,000. Federated Hermes Inc. lifted its holdings in shares of SoundThinking by 14.4% in the second quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock valued at $18,331,000 after buying an additional 190,000 shares during the period. Rice Hall James & Associates LLC boosted its stake in SoundThinking by 70.3% during the second quarter. Rice Hall James & Associates LLC now owns 231,231 shares of the company’s stock valued at $2,816,000 after buying an additional 95,492 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in SoundThinking by 5.4% during the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after acquiring an additional 716 shares during the period. 60.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ralph A. Clark sold 6,479 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ralph A. Clark sold 6,479 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 approximately $7,227,754.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ralph A. Clark sold 5,591 shares of SoundThinking stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,327 shares of company stock worth $199,955 in the last ninety days. Corporate insiders own 7.70% of the company’s stock.

SoundThinking Price Performance

Shares of SSTI opened at $11.50 on Friday. The company has a 50-day moving average of $13.55 and a two-hundred day moving average of $13.88. The stock has a market cap of $146.97 million, a price-to-earnings ratio of -35.94 and a beta of 1.15. SoundThinking, Inc. has a one year low of $10.78 and a one year high of $26.92.

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 analysts’ consensus estimates of ($0.09) by $0.02. SoundThinking had a negative net margin of 1.85% and a negative return on equity of 8.44%. The business had revenue of $26.96 million during the quarter, compared to analyst estimates of $25.60 million. Analysts anticipate that SoundThinking, Inc. will post -0.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SSTI shares. Craig Hallum cut their price target on shares of SoundThinking from $19.00 to $17.50 and set a “hold” rating for the company in a report on Wednesday, August 7th. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 target price on shares of SoundThinking in a report on Friday, September 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

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.