Quantinno Capital Management LP Boosts Holdings in SoundThinking, Inc. $SSTI

Key Points

• Quantinno Capital Management increased its SoundThinking holdings by 264.8% in the first quarter, owning 236,581 shares valued at approximately $1.57 million, or 1.83% of the company.
• SoundThinking reported a quarterly loss of $0.54 per share, missing estimates by $0.30, while revenue of $24.18 million was slightly below expectations. Analysts forecast a full-year loss of $0.69 per share.
• The stock opened at $8.15, compared with a consensus analyst price target of $14.00. Overall analyst sentiment is “Hold,” with three Buy, three Hold and one Sell rating.

Quantinno Capital Management LP boosted its holdings in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 264.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 236,581 shares of the company's stock after purchasing an additional 171,733 shares during the quarter. Quantinno Capital Management LP owned approximately 1.83% of SoundThinking worth $1,566,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. State of Wyoming bought a new position in shares of SoundThinking during the second quarter worth $33,000. BNP Paribas Financial Markets increased its holdings in shares of SoundThinking by 160.5% in the third quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company's stock worth $33,000 after purchasing an additional 1,688 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of SoundThinking by 78.1% in the fourth quarter. Wells Fargo & Company MN now owns 10,448 shares of the company's stock worth $84,000 after buying an additional 4,580 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of SoundThinking in the fourth quarter worth about $87,000. Finally, Sei Investments Co. bought a new position in SoundThinking during the first quarter valued at approximately $92,000. Hedge funds and other institutional investors own 60.74% of the company's stock.

SoundThinking Stock Performance

NASDAQ SSTI opened at $8.15 on Thursday. The business's 50 day moving average price is $8.23 and its 200-day moving average price is $7.38. SoundThinking, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $13.34. The company has a market cap of $105.54 million, a P/E ratio of -7.03 and a beta of 1.16.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.30). SoundThinking had a negative return on equity of 20.76% and a negative net margin of 14.95%.The company had revenue of $24.18 million during the quarter, compared to the consensus estimate of $24.27 million. As a group, equities analysts predict that SoundThinking, Inc. will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SSTI. Weiss Ratings downgraded SoundThinking from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, July 30th. Wall Street Zen raised shares of SoundThinking from a "strong sell" rating to a "sell" rating in a report on Sunday, May 31st. Finally, Zacks Research upgraded shares of SoundThinking from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $14.00.

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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.

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