Pullen Investment Management LLC Acquires 36,290 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Pullen Investment Management LLC lifted its holdings in SoundThinking, Inc. (NASDAQ:SSTI) by 70.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,152 shares of the company’s stock after purchasing an additional 36,290 shares during the period. Pullen Investment Management LLC owned about 0.69% of SoundThinking worth $1,022,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rice Hall James & Associates LLC lifted its stake in shares of SoundThinking by 70.3% in the 2nd quarter. Rice Hall James & Associates LLC now owns 231,231 shares of the company’s stock worth $2,816,000 after purchasing an additional 95,492 shares during the period. Quadrature Capital Ltd bought a new stake in SoundThinking during the 1st quarter worth approximately $923,000. Federated Hermes Inc. raised its stake in SoundThinking by 14.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock worth $18,331,000 after acquiring an additional 190,000 shares during the period. Vanguard Group Inc. raised its stake in SoundThinking by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock worth $8,010,000 after acquiring an additional 32,452 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in SoundThinking during the 2nd quarter worth approximately $298,000. Institutional investors own 60.74% of the company’s stock.

Insider Buying and Selling at SoundThinking

In related news, CEO Ralph A. Clark sold 5,591 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total value of $80,286.76. Following the completion of the transaction, the chief executive officer now directly owns 536,373 shares of the company’s stock, valued at approximately $7,702,316.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Ralph A. Clark sold 6,479 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total value of $88,373.56. Following the completion of the transaction, the chief executive officer now directly owns 529,894 shares of the company’s stock, valued at approximately $7,227,754.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ralph A. Clark sold 5,591 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total transaction of $80,286.76. Following the completion of the transaction, the chief executive officer now directly owns 536,373 shares of the company’s stock, valued at approximately $7,702,316.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,327 shares of company stock valued at $199,955 in the last three months. 7.70% of the stock is currently owned by corporate insiders.

SoundThinking Price Performance

Shares of SSTI opened at $11.09 on Friday. SoundThinking, Inc. has a 1 year low of $10.78 and a 1 year high of $26.92. The company has a 50 day simple moving average of $12.62 and a two-hundred day simple moving average of $13.45. The firm has a market cap of $141.87 million, a P/E ratio of -34.66 and a beta of 1.15.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. SoundThinking had a negative net margin of 1.85% and a negative return on equity of 8.44%. The business had revenue of $26.96 million during the quarter, compared to analyst estimates of $25.60 million. On average, sell-side analysts anticipate that SoundThinking, Inc. will post -0.38 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on SSTI shares. Craig Hallum decreased their target price on shares of SoundThinking from $19.00 to $17.50 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 target price on shares of SoundThinking in a research note on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, SoundThinking presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

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.