SoundThinking, Inc. (NASDAQ:SSTI) Shares Purchased by Archon Capital Management LLC

Archon Capital Management LLC boosted its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,538 shares of the company's stock after acquiring an additional 38,000 shares during the quarter. SoundThinking accounts for 1.7% of Archon Capital Management LLC's holdings, making the stock its 21st largest position. Archon Capital Management LLC owned approximately 1.04% of SoundThinking worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SSTI. R Squared Ltd purchased a new position in SoundThinking in the fourth quarter valued at $70,000. BNP Paribas Financial Markets raised its position in shares of SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company's stock worth $102,000 after purchasing an additional 5,236 shares during the last quarter. Diversified Investment Strategies LLC purchased a new stake in SoundThinking during the 4th quarter worth approximately $131,000. WINTON GROUP Ltd acquired a new position in shares of SoundThinking during the fourth quarter valued at approximately $228,000. Finally, Barclays PLC boosted its stake in shares of SoundThinking by 245.5% in the third quarter. Barclays PLC now owns 24,755 shares of the company's stock worth $286,000 after acquiring an additional 17,591 shares during the last quarter. Institutional investors and hedge funds own 60.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Cantor Fitzgerald restated an "overweight" rating and set a $20.00 target price on shares of SoundThinking in a report on Wednesday, February 26th. Craig Hallum upgraded shares of SoundThinking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.20.

SoundThinking Stock Down 1.0 %

SoundThinking stock traded down $0.17 during midday trading on Thursday, reaching $15.86. The company's stock had a trading volume of 22,875 shares, compared to its average volume of 63,694. The business has a 50-day simple moving average of $15.94 and a 200-day simple moving average of $13.60. The company has a market cap of $200.82 million, a P/E ratio of -132.11 and a beta of 1.29. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $19.43.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.30). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The company had revenue of $23.41 million for the quarter, compared to analysts' expectations of $26.65 million. As a group, equities analysts forecast that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

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.