Squarepoint Ops LLC Sells 15,667 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Squarepoint Ops LLC lessened its position in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,664 shares of the company's stock after selling 15,667 shares during the period. Squarepoint Ops LLC owned 0.25% of SoundThinking worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SSTI. BNP Paribas Financial Markets boosted its holdings in shares of SoundThinking by 77.0% during the fourth quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company's stock worth $204,000 after purchasing an additional 6,812 shares during the period. WINTON GROUP Ltd purchased a new stake in SoundThinking in the 4th quarter worth approximately $228,000. Two Sigma Advisers LP lifted its holdings in SoundThinking by 80.6% in the 4th quarter. Two Sigma Advisers LP now owns 18,600 shares of the company's stock worth $243,000 after buying an additional 8,300 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of SoundThinking by 99.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 21,035 shares of the company's stock worth $275,000 after buying an additional 10,479 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC increased its stake in shares of SoundThinking by 18.2% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 23,302 shares of the company's stock valued at $304,000 after buying an additional 3,589 shares during the period. Hedge funds and other institutional investors own 60.74% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on SSTI shares. Craig Hallum raised SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Roth Mkm reaffirmed a "buy" rating and set a $30.00 target price on shares of SoundThinking in a research note on Wednesday, May 14th. Lake Street Capital boosted their price target on shares of SoundThinking from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $20.00 price target on shares of SoundThinking in a research note on Wednesday, May 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $21.00.

Insider Transactions at SoundThinking

In other SoundThinking news, insider Nasim Golzadeh sold 1,809 shares of SoundThinking stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $15.46, for a total value of $27,967.14. Following the completion of the transaction, the insider now directly owns 94,134 shares of the company's stock, valued at approximately $1,455,311.64. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 3,637 shares of company stock valued at $55,701 in the last quarter. 9.20% of the stock is owned by insiders.

SoundThinking Price Performance

NASDAQ:SSTI traded up $0.05 during mid-day trading on Monday, hitting $16.30. 17,152 shares of the company's stock were exchanged, compared to its average volume of 61,141. The company has a market cap of $206.57 million, a PE ratio of -135.82 and a beta of 1.28. SoundThinking, Inc. has a one year low of $9.33 and a one year high of $19.43. The business has a fifty day moving average price of $15.62 and a 200 day moving average price of $14.69.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $28.35 million during the quarter, compared to the consensus estimate of $26.91 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. On average, equities analysts forecast that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

SoundThinking Company Profile

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.