Nine Ten Capital Reports 930,682 Shares of SoundThinking Inc. (SSTI)
Ticker: SSTI · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1351636
| Field | Detail |
|---|---|
| Company | Soundthinking, Inc. (SSTI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Nine Ten Capital still holds a big chunk of SoundThinking shares.**
AI Summary
Nine Ten Capital Management LLC, an investment firm based in Chicago, IL, filed an amended Schedule 13G/A on February 12, 2024, disclosing its ownership in SoundThinking Inc. As of December 31, 2023, Nine Ten Capital holds sole voting power over 930,682 shares and sole dispositive power over 930,682 shares of SoundThinking's Common Stock. This filing indicates a significant, though not necessarily new, institutional stake in the company, which is important for investors to understand the ownership structure and potential influence of large shareholders.
Why It Matters
This filing shows a major institutional investor's stake in SoundThinking, which can influence stock stability and signal confidence (or lack thereof) to other investors.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating transparency and no immediate negative implications.
Analyst Insight
Investors should note the continued significant institutional ownership by Nine Ten Capital Management LLC, which can provide a degree of stability to SoundThinking's stock. While this filing doesn't indicate a change in strategy, it confirms a major holder's position as of year-end 2023.
Key Numbers
- 930,682 — Sole Voting Power (Number of shares Nine Ten Capital Management LLC can vote)
- 930,682 — Sole Dispositive Power (Number of shares Nine Ten Capital Management LLC can sell or transfer)
- December 31, 2023 — Date of Event (The date for which the ownership information is reported)
- 0001635236-24-000002 — Accession Number (Unique identifier for this specific SEC filing)
Key Players & Entities
- Nine Ten Capital Management LLC (company) — the reporting person and institutional investor
- SoundThinking Inc. (company) — the subject company whose securities are being reported
- Chicago, IL (company) — place of organization for Nine Ten Capital Management LLC
- 39300 CIVIC CENTER DRIVE, SUITE 300, FREMONT, CA (company) — business address for SoundThinking Inc.
Forward-Looking Statements
- Nine Ten Capital Management LLC will maintain a significant stake in SoundThinking Inc. for the foreseeable future. (Nine Ten Capital Management LLC) — medium confidence, target: Q4 2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who acquire beneficial ownership of more than 5% of a company's stock, but do not intend to influence or control the company. The '/A' indicates it's an amendment to a previously filed statement, updating the ownership information as of December 31, 2023, in this case.
Who is the reporting person in this filing?
The reporting person is Nine Ten Capital Management LLC, an investment firm with an IRS Identification No. of 46-5220958, based in Chicago, IL, as stated in the filing.
What company's stock is the subject of this filing?
The subject company is SoundThinking Inc., formerly known as Shotspotter, Inc., with CIK 0001351636 and CUSIP Number 82536T107, as detailed in the filing.
How many shares of SoundThinking Inc. does Nine Ten Capital Management LLC have sole voting power over?
Nine Ten Capital Management LLC has sole voting power over 930,682 shares of SoundThinking Inc. Common Stock, as reported on the cover page of the Schedule 13G/A.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing, indicating the snapshot date for the reported ownership.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding SOUNDTHINKING, INC. (SSTI).