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

GSA Capital Partners LLP cut its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 20.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 48,894 shares of the company’s stock after selling 12,790 shares during the quarter. GSA Capital Partners LLP’s holdings in SoundThinking were worth $567,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of SoundThinking by 5.4% in 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. Cim LLC boosted its stake in shares of SoundThinking by 18.5% in the second quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after acquiring an additional 3,094 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of SoundThinking by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock worth $482,000 after acquiring an additional 3,268 shares during the period. Ibex Investors LLC bought a new position in shares of SoundThinking in the second quarter worth about $171,000. Finally, Squarepoint Ops LLC boosted its stake in shares of SoundThinking by 113.6% in the second quarter. Squarepoint Ops LLC now owns 38,199 shares of the company’s stock worth $465,000 after acquiring an additional 20,313 shares during the period. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SSTI. JMP Securities dropped 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. Craig Hallum dropped their price objective on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.20.

Insider Activity at SoundThinking

In other news, CEO Ralph A. Clark sold 5,591 shares of the firm’s stock in a transaction that occurred 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 directly owns 536,373 shares of the company’s stock, valued at $7,702,316.28. This trade represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 13,332 shares of company stock valued at $185,826. Insiders own 9.20% of the company’s stock.

SoundThinking Trading Up 0.3 %

Shares of SoundThinking stock opened at $11.76 on Wednesday. The stock has a 50 day moving average of $11.67 and a 200 day moving average of $13.14. SoundThinking, Inc. has a 12 month low of $9.33 and a 12 month high of $26.92. The firm has a market cap of $148.06 million, a PE ratio of -97.99 and a beta of 1.17.

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

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.