Pullen Investment Management LLC Has $2.10 Million Stock Position in SoundThinking, Inc. $SSTI

Pullen Investment Management LLC increased its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,653 shares of the company’s stock after purchasing an additional 1,515 shares during the period. SoundThinking makes up about 1.3% of Pullen Investment Management LLC’s holdings, making the stock its 19th biggest position. Pullen Investment Management LLC owned 1.27% of SoundThinking worth $2,097,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in SoundThinking during the second quarter worth approximately $156,000. Kopion Asset Management LLC grew its stake in SoundThinking by 8.3% during the second quarter. Kopion Asset Management LLC now owns 586,652 shares of the company’s stock worth $7,659,000 after purchasing an additional 44,976 shares during the period. Rhumbline Advisers grew its stake in SoundThinking by 10.1% in the first quarter. Rhumbline Advisers now owns 14,980 shares of the company’s stock valued at $254,000 after acquiring an additional 1,373 shares during the period. Strs Ohio acquired a new stake in SoundThinking in the first quarter valued at approximately $127,000. Finally, Cubist Systematic Strategies LLC grew its stake in SoundThinking by 9.7% in the first quarter. Cubist Systematic Strategies LLC now owns 23,068 shares of the company’s stock valued at $391,000 after acquiring an additional 2,033 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Stock Down 5.7%

Shares of NASDAQ:SSTI opened at $10.43 on Friday. The stock has a market cap of $133.40 million, a price-to-earnings ratio of -13.20 and a beta of 1.18. SoundThinking, Inc. has a 12-month low of $9.33 and a 12-month high of $19.43. The business’s 50 day moving average is $12.07 and its 200 day moving average is $13.63.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Tuesday, August 12th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.15). The company had revenue of $25.89 million for the quarter, compared to analysts’ expectations of $26.61 million. SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. SoundThinking has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In other SoundThinking news, CEO Ralph A. Clark sold 16,161 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.80, for a total value of $190,699.80. Following the transaction, the chief executive officer owned 588,638 shares of the company’s stock, valued at approximately $6,945,928.40. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 18,925 shares of company stock valued at $223,967 over the last 90 days. 10.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Lake Street Capital reduced their price objective on SoundThinking from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of SoundThinking in a research note on Saturday. Zacks Research raised SoundThinking from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wall Street Zen cut SoundThinking from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.80.

SoundThinking Company 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.