SoundThinking, Inc. $SSTI Stock Position Lifted by Kopion Asset Management LLC

Kopion Asset Management LLC lifted its stake in SoundThinking, Inc. (NASDAQ:SSTI) by 14.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,280,901 shares of the company’s stock after buying an additional 166,253 shares during the quarter. SoundThinking accounts for 7.0% of Kopion Asset Management LLC’s portfolio, making the stock its 6th biggest position. Kopion Asset Management LLC owned approximately 0.10% of SoundThinking worth $10,644,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SSTI. Royal Bank of Canada increased its position in shares of SoundThinking by 88.6% during the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock valued at $28,000 after buying an additional 1,960 shares during the period. Versant Capital Management Inc boosted its position in SoundThinking by 31.7% during the 2nd quarter. Versant Capital Management Inc now owns 9,305 shares of the company’s stock valued at $84,000 after acquiring an additional 2,239 shares in the last quarter. Sei Investments Co. purchased a new position in shares of SoundThinking during the 1st quarter worth approximately $92,000. Bank of America Corp DE raised its position in shares of SoundThinking by 16.2% in the 1st quarter. Bank of America Corp DE now owns 14,299 shares of the company’s stock worth $95,000 after acquiring an additional 1,992 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in shares of SoundThinking in the 2nd quarter worth approximately $193,000. Institutional investors own 60.74% of the company’s stock.

SoundThinking Stock Up 0.7%

Shares of NASDAQ SSTI traded up $0.06 during trading on Friday, reaching $8.32. The company had a trading volume of 44,777 shares, compared to its average volume of 168,893. SoundThinking, Inc. has a 12-month low of $5.41 and a 12-month high of $12.09. The business’s 50-day moving average is $6.72 and its 200 day moving average is $7.19. The stock has a market cap of $107.79 million, a PE ratio of -6.47 and a beta of 1.11.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.12). SoundThinking had a negative return on equity of 23.77% and a negative net margin of 16.92%.The firm had revenue of $23.89 million during the quarter, compared to the consensus estimate of $25.77 million. On average, analysts anticipate that SoundThinking, Inc. will post -1.06 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Northland Securities lowered SoundThinking from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Citigroup reissued a “market perform” rating on shares of SoundThinking in a research report on Wednesday, September 30th. Zacks Research upgraded shares of SoundThinking from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of SoundThinking from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Lake Street Capital lowered shares of SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a research note on Friday, August 14th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $9.79.

SoundThinking Profile

SoundThinking, Inc is a public safety technology company that provides data-driven tools to help law enforcement agencies detect, analyze and respond to crime. Its platform combines acoustic sensors, artificial intelligence, investigative software and analytics to support public safety operations.

The company’s offerings include ShotSpotter, a gunshot detection and location service that uses acoustic sensors and human review to alert agencies to suspected gunfire; CrimeTracer, a search and analysis platform that helps investigators connect information from multiple data sources; and other tools designed to assist with case management, resource allocation and crime analysis.

SoundThinking was founded in 1996 and was previously known as ShotSpotter, Inc The company adopted the SoundThinking name in 2023 as it expanded beyond gunshot detection into a broader public safety technology platform.