GSA Capital Partners LLP Has $866,000 Position in SoundThinking, Inc. (NASDAQ:SSTI)

GSA Capital Partners LLP lessened its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 13.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 51,116 shares of the company’s stock after selling 7,902 shares during the period. GSA Capital Partners LLP owned 0.40% of SoundThinking worth $866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in SoundThinking by 6,553.7% during the 1st quarter. GAMMA Investing LLC now owns 13,374 shares of the company’s stock worth $227,000 after buying an additional 13,173 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of SoundThinking by 10.1% during 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. BNP Paribas Financial Markets lifted its stake in shares of SoundThinking by 77.0% during the fourth quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company’s stock valued at $204,000 after acquiring an additional 6,812 shares during the period. Two Sigma Advisers LP boosted its holdings in SoundThinking by 80.6% in the fourth quarter. Two Sigma Advisers LP now owns 18,600 shares of the company’s stock valued at $243,000 after acquiring an additional 8,300 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in SoundThinking by 99.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 21,035 shares of the company’s stock worth $275,000 after purchasing an additional 10,479 shares during the period. 60.74% of the stock is currently owned by institutional investors and hedge funds.

SoundThinking Trading Down 3.7%

SoundThinking stock opened at $10.99 on Friday. The firm has a market capitalization of $139.24 million, a P/E ratio of -18.02 and a beta of 1.26. The business has a 50-day moving average of $14.22 and a 200-day moving average of $14.93. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $19.43.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $28.35 million for the quarter, compared to the consensus estimate of $26.91 million. SoundThinking had a negative return on equity of 10.77% and a negative net margin of 7.39%. Research analysts anticipate that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at SoundThinking

In related news, insider Nasim Golzadeh sold 1,809 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $15.46, for a total value of $27,967.14. Following the completion of the sale, the insider owned 94,134 shares in the company, valued at $1,455,311.64. This represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 3,474 shares of company stock worth $53,205 over the last quarter. Company insiders own 9.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SSTI. Lake Street Capital upped their target price on shares of SoundThinking from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 price target on shares of SoundThinking in a research note on Wednesday, May 14th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $30.00 price objective on shares of SoundThinking in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $21.00.

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.