MetLife Investment Management LLC Acquires Shares of 5,808 SoundThinking, Inc. $SSTI

MetLife Investment Management LLC acquired a new stake in shares of SoundThinking, Inc. (NASDAQ:SSTI) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 5,808 shares of the company’s stock, valued at approximately $98,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SSTI. Samjo Management LLC purchased a new stake in shares of SoundThinking in the 1st quarter worth approximately $1,085,000. Pullen Investment Management LLC raised its holdings in SoundThinking by 61.1% in the 4th quarter. Pullen Investment Management LLC now owns 142,040 shares of the company’s stock worth $1,855,000 after acquiring an additional 53,888 shares during the last quarter. Mackenzie Financial Corp raised its holdings in SoundThinking by 120.1% in the 1st quarter. Mackenzie Financial Corp now owns 94,362 shares of the company’s stock worth $1,599,000 after acquiring an additional 51,498 shares during the last quarter. Informed Momentum Co LLC bought a new stake in SoundThinking in the 1st quarter worth approximately $732,000. Finally, Brown Advisory Inc. bought a new stake in SoundThinking in the 1st quarter worth approximately $535,000. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Analyst Ratings Changes

SSTI has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of SoundThinking from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Lake Street Capital decreased their price target on shares of SoundThinking from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Roth Mkm restated a “buy” rating and set a $30.00 target price on shares of SoundThinking in a research report on Wednesday, May 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $20.00 target price on shares of SoundThinking in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, SoundThinking presently has a consensus rating of “Buy” and a consensus target price of $20.80.

Insider Activity

In other SoundThinking news, CEO Ralph A. Clark sold 16,161 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $11.80, for a total value of $190,699.80. Following the completion of the transaction, the chief executive officer owned 588,638 shares of the company’s stock, valued at approximately $6,945,928.40. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 18,925 shares of company stock valued at $223,967 over the last three months. Company insiders own 10.40% of the company’s stock.

SoundThinking Stock Up 4.5%

NASDAQ:SSTI opened at $12.53 on Thursday. SoundThinking, Inc. has a 52 week low of $9.33 and a 52 week high of $19.43. The firm has a 50 day moving average of $12.46 and a 200 day moving average of $14.64. The stock has a market capitalization of $160.26 million, a price-to-earnings ratio of -15.86 and a beta of 1.16.

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

SoundThinking 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.