Renaissance Technologies LLC Has $1.17 Million Stock Position in SoundThinking, Inc. (NASDAQ:SSTI)

Renaissance Technologies LLC reduced its position in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,332 shares of the company’s stock after selling 1,573 shares during the period. Renaissance Technologies LLC’s holdings in SoundThinking were worth $1,173,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SSTI. Federated Hermes Inc. raised its position in SoundThinking by 14.4% during the second quarter. Federated Hermes Inc. now owns 1,505,000 shares of the company’s stock valued at $18,331,000 after purchasing an additional 190,000 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of SoundThinking by 70.3% during the second quarter. Rice Hall James & Associates LLC now owns 231,231 shares of the company’s stock worth $2,816,000 after buying an additional 95,492 shares in the last quarter. Bares Capital Management Inc. increased its holdings in shares of SoundThinking by 10.7% during the fourth quarter. Bares Capital Management Inc. now owns 739,213 shares of the company’s stock worth $18,880,000 after buying an additional 71,705 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of SoundThinking during the first quarter worth $923,000. Finally, Pullen Investment Management LLC acquired a new position in shares of SoundThinking during the second quarter worth $632,000. 60.74% of the stock is currently owned by institutional investors and hedge funds.

SoundThinking Stock Down 4.3 %

NASDAQ SSTI opened at $11.50 on Friday. The company has a market capitalization of $146.97 million, a price-to-earnings ratio of -35.94 and a beta of 1.15. SoundThinking, Inc. has a twelve month low of $10.78 and a twelve month high of $26.92. The stock has a fifty day simple moving average of $13.55 and a 200 day simple moving average of $13.88.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $26.96 million for the quarter, compared to analysts’ expectations of $25.60 million. SoundThinking had a negative net margin of 1.85% and a negative return on equity of 8.44%. Research analysts expect that SoundThinking, Inc. will post -0.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SSTI has been the subject of several research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price target on shares of SoundThinking in a report on Friday, September 6th. Craig Hallum decreased their price objective on SoundThinking from $19.00 to $17.50 and set a “hold” rating for the company in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, SoundThinking presently has an average rating of “Moderate Buy” and an average price target of $22.13.

Insider Transactions at SoundThinking

In other news, CEO Ralph A. Clark sold 6,479 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total transaction of $88,373.56. Following the transaction, the chief executive officer now owns 529,894 shares of the company’s stock, valued at $7,227,754.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ralph A. Clark sold 5,591 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total value of $80,286.76. Following the transaction, the chief executive officer now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ralph A. Clark sold 6,479 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total transaction of $88,373.56. Following the completion of the transaction, the chief executive officer now directly owns 529,894 shares in the company, valued at approximately $7,227,754.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,327 shares of company stock valued at $199,955 in the last 90 days. 7.70% of the stock is currently owned by corporate insiders.

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.