Key Points
- Veradace Partners LP bought 105,880 shares of SoundThinking (SSTI) at an average price of $7.14 on Feb. 18 (~$755,983), raising its stake to 2,008,368 shares — a 5.57% increase in ownership.
- SoundThinking has a market cap of about $96.6M, a 52‑week range of $5.78–$19.43 and a negative P/E; analysts’ consensus is a "Hold" with an average price target of $14 amid mixed ratings and recent downgrades.
SoundThinking, Inc. (NASDAQ:SSTI - Get Free Report) major shareholder Veradace Partners Lp acquired 8,748 shares of the stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $7.07 per share, for a total transaction of $61,848.36. Following the acquisition, the insider directly owned 2,017,116 shares in the company, valued at $14,261,010.12. This represents a 0.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Veradace Partners Lp also recently made the following trade(s):
- On Wednesday, February 18th, Veradace Partners Lp bought 105,880 shares of SoundThinking stock. The shares were acquired at an average cost of $7.14 per share, with a total value of $755,983.20.
SoundThinking Trading Up 2.4%
Shares of SSTI traded up $0.18 during mid-day trading on Friday, hitting $7.61. The company's stock had a trading volume of 159,384 shares, compared to its average volume of 225,588. SoundThinking, Inc. has a 1-year low of $5.78 and a 1-year high of $19.43. The firm has a market capitalization of $96.63 million, a P/E ratio of -9.06 and a beta of 1.16. The firm has a 50-day simple moving average of $7.74 and a 200 day simple moving average of $9.43.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Yost Capital Management LP acquired a new stake in SoundThinking during the 2nd quarter valued at $2,350,000. R Squared Ltd purchased a new stake in shares of SoundThinking in the second quarter valued at $156,000. Samjo Management LLC lifted its position in shares of SoundThinking by 28.1% in the second quarter. Samjo Management LLC now owns 82,000 shares of the company's stock valued at $1,071,000 after acquiring an additional 18,000 shares in the last quarter. Pullen Investment Management LLC increased its position in SoundThinking by 1.0% during the 2nd quarter. Pullen Investment Management LLC now owns 160,653 shares of the company's stock worth $2,097,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Kopion Asset Management LLC increased its position in SoundThinking by 52.1% during the 4th quarter. Kopion Asset Management LLC now owns 972,108 shares of the company's stock worth $7,806,000 after purchasing an additional 333,170 shares in the last quarter. 60.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have commented on SSTI. Craig Hallum lowered shares of SoundThinking from a "buy" rating to a "hold" rating and set a $10.00 target price on the stock. in a research report on Thursday, November 13th. Weiss Ratings reissued a "sell (e+)" rating on shares of SoundThinking in a report on Monday, December 29th. Roth Mkm restated a "buy" rating and set a $20.00 target price (down from $30.00) on shares of SoundThinking in a research report on Thursday, November 13th. Cantor Fitzgerald downgraded shares of SoundThinking from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $16.00 to $10.00 in a research report on Wednesday, January 7th. Finally, Lake Street Capital decreased their price target on SoundThinking from $19.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SoundThinking has a consensus rating of "Hold" and an average price target of $14.00.
Get Our Latest Stock Analysis on SSTI
About SoundThinking
(
Get Free Report)
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.
Further Reading
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