Marshall Wace LLP Makes New $459,000 Investment in SoundThinking, Inc. (NASDAQ:SSTI)

Marshall Wace LLP bought a new position in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 35,172 shares of the company's stock, valued at approximately $459,000. Marshall Wace LLP owned about 0.28% of SoundThinking at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in SoundThinking in the fourth quarter valued at $70,000. Diversified Investment Strategies LLC acquired a new position in SoundThinking during the fourth quarter valued at approximately $131,000. WINTON GROUP Ltd purchased a new stake in shares of SoundThinking during the fourth quarter worth about $228,000. Barclays PLC lifted its holdings in SoundThinking by 245.5% during the 3rd quarter. Barclays PLC now owns 24,755 shares of the company's stock worth $286,000 after buying an additional 17,591 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of SoundThinking during the fourth quarter valued at approximately $329,000. Institutional investors and hedge funds own 60.74% of the company's stock.

SoundThinking Stock Down 2.7 %

Shares of NASDAQ:SSTI traded down $0.42 during midday trading on Friday, hitting $15.32. 3,694 shares of the stock traded hands, compared to its average volume of 62,724. SoundThinking, Inc. has a one year low of $9.33 and a one year high of $19.43. The stock has a market capitalization of $194.04 million, a PE ratio of -127.66 and a beta of 1.21. The business's 50 day moving average is $16.21 and its two-hundred day moving average is $14.05.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $20.00 price objective on shares of SoundThinking in a research report on Wednesday, February 26th. Craig Hallum raised SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, SoundThinking currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.20.

SoundThinking 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.