SoundThinking, Inc. (NASDAQ:SSTI) Shares Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC grew its stake in SoundThinking, Inc. (NASDAQ:SSTI) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 397,728 shares of the company’s stock after purchasing an additional 35,584 shares during the period. Rice Hall James & Associates LLC’s holdings in SoundThinking were worth $5,194,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in shares of SoundThinking by 145.2% in the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after purchasing an additional 5,236 shares during the period. R Squared Ltd acquired a new position in shares of SoundThinking in the fourth quarter valued at approximately $70,000. State Street Corp increased its holdings in shares of SoundThinking by 4.3% in the third quarter. State Street Corp now owns 197,024 shares of the company’s stock valued at $2,284,000 after purchasing an additional 8,078 shares during the period. Diversified Investment Strategies LLC acquired a new position in shares of SoundThinking in the fourth quarter valued at approximately $131,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of SoundThinking by 42.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company’s stock valued at $635,000 after purchasing an additional 16,336 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Price Performance

SoundThinking stock opened at $13.56 on Tuesday. SoundThinking, Inc. has a 1-year low of $9.33 and a 1-year high of $19.79. The company has a market cap of $170.72 million, a PE ratio of -112.99 and a beta of 1.18. The stock’s 50 day moving average price is $13.09 and its 200 day moving average price is $12.79.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SSTI. JMP Securities dropped their target price on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 13th. Craig Hallum decreased their price target on SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald upgraded 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.20.

Insiders Place Their Bets

In other SoundThinking news, CEO Ralph A. Clark sold 5,933 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the sale, the chief executive officer now directly owns 520,774 shares in the company, valued at approximately $6,046,186.14. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alan R. Stewart sold 15,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total value of $209,250.00. Following the sale, the chief financial officer now owns 138,851 shares in the company, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,632 shares of company stock worth $325,036. 9.20% of the stock is owned by corporate insiders.

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.