Kopion Asset Management LLC lifted its stake in SoundThinking, Inc. (NASDAQ:SSTI – Free Report) by 14.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,114,648 shares of the company’s stock after purchasing an additional 142,346 shares during the period. SoundThinking makes up 6.4% of Kopion Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. Kopion Asset Management LLC owned 0.09% of SoundThinking worth $10,088,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in SoundThinking by 88.6% during the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock worth $28,000 after buying an additional 1,960 shares during the period. State of Wyoming acquired a new stake in shares of SoundThinking during the 2nd quarter valued at approximately $33,000. BNP Paribas Financial Markets lifted its position in shares of SoundThinking by 160.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock valued at $33,000 after acquiring an additional 1,688 shares during the period. Wells Fargo & Company MN boosted its stake in shares of SoundThinking by 78.1% during the 4th quarter. Wells Fargo & Company MN now owns 10,448 shares of the company’s stock worth $84,000 after acquiring an additional 4,580 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of SoundThinking by 31.7% during the 2nd quarter. Versant Capital Management Inc now owns 9,305 shares of the company’s stock worth $84,000 after acquiring an additional 2,239 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.
SoundThinking Trading Up 4.8%
Shares of NASDAQ SSTI opened at $8.23 on Wednesday. The company’s 50-day moving average price is $8.16 and its 200 day moving average price is $7.37. SoundThinking, Inc. has a 52 week low of $5.78 and a 52 week high of $13.34. The stock has a market cap of $106.58 million, a price-to-earnings ratio of -7.09 and a beta of 1.16.
Wall Street Analysts Forecast Growth
SSTI has been the subject of several research analyst reports. Weiss Ratings downgraded SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 30th. Zacks Research raised SoundThinking from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen upgraded SoundThinking from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SoundThinking presently has an average rating of “Hold” and a consensus target price of $14.00.
View Our Latest Analysis on SoundThinking
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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.
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