Samjo Management LLC Acquires 18,000 Shares of SoundThinking, Inc. $SSTI

Samjo Management LLC lifted its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 28.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,000 shares of the company’s stock after purchasing an additional 18,000 shares during the quarter. Samjo Management LLC’s holdings in SoundThinking were worth $1,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. MetLife Investment Management LLC bought a new stake in SoundThinking in the first quarter worth $98,000. Strs Ohio bought a new position in SoundThinking during the first quarter valued at about $127,000. R Squared Ltd acquired a new stake in shares of SoundThinking in the second quarter worth about $156,000. Rhumbline Advisers boosted its stake in shares of SoundThinking by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 15,960 shares of the company’s stock worth $208,000 after acquiring an additional 980 shares in the last quarter. Finally, Caption Management LLC bought a new stake in shares of SoundThinking during the 1st quarter worth about $264,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

Insider Buying and Selling

In other SoundThinking news, CEO Ralph A. Clark sold 16,161 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $11.80, for a total value of $190,699.80. Following the completion of the sale, the chief executive officer directly owned 588,638 shares of the company’s stock, valued at $6,945,928.40. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 18,616 shares of company stock worth $217,041. 10.40% of the stock is owned by corporate insiders.

SoundThinking Price Performance

SSTI opened at $6.20 on Monday. The stock’s 50 day moving average price is $9.69 and its two-hundred day moving average price is $12.16. The firm has a market capitalization of $78.73 million, a P/E ratio of -7.85 and a beta of 1.17. SoundThinking, Inc. has a 12-month low of $5.84 and a 12-month high of $19.43.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The business had revenue of $25.10 million for the quarter, compared to analyst estimates of $27.97 million. SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%. SoundThinking has set its FY 2025 guidance at EPS. As a group, analysts anticipate that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SSTI shares. Citizens Jmp cut their price objective on SoundThinking from $19.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 13th. Zacks Research upgraded SoundThinking from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of SoundThinking in a research report on Tuesday, November 25th. Roth Capital restated a “buy” rating and issued a $20.00 price objective (down from $30.00) on shares of SoundThinking in a research note on Thursday, November 13th. Finally, Craig Hallum downgraded shares of SoundThinking from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SoundThinking currently has an average rating of “Moderate Buy” and a consensus target price of $17.67.

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.