Dimensional Fund Advisors LP lifted its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,277 shares of the company's stock after purchasing an additional 20,627 shares during the period. Dimensional Fund Advisors LP owned about 1.19% of SoundThinking worth $1,950,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace LLP acquired a new position in SoundThinking in the 4th quarter valued at about $459,000. Barclays PLC lifted its holdings in shares of SoundThinking by 31.2% in the 4th quarter. Barclays PLC now owns 32,477 shares of the company's stock worth $424,000 after acquiring an additional 7,722 shares during the last quarter. Archon Capital Management LLC lifted its holdings in shares of SoundThinking by 40.6% in the 4th quarter. Archon Capital Management LLC now owns 131,538 shares of the company's stock worth $1,718,000 after acquiring an additional 38,000 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of SoundThinking by 17.5% in the 4th quarter. Renaissance Technologies LLC now owns 93,132 shares of the company's stock worth $1,216,000 after acquiring an additional 13,900 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of SoundThinking by 681.6% in the 4th quarter. Wells Fargo & Company MN now owns 45,468 shares of the company's stock worth $594,000 after acquiring an additional 39,651 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company's stock.
SoundThinking Price Performance
Shares of SSTI traded up $0.33 during midday trading on Tuesday, reaching $15.28. The stock had a trading volume of 1,682 shares, compared to its average volume of 62,603. SoundThinking, Inc. has a 1-year low of $9.33 and a 1-year high of $19.43. The company's fifty day simple moving average is $16.19 and its two-hundred day simple moving average is $14.31. The company has a market cap of $193.59 million, a price-to-earnings ratio of -125.53 and a beta of 1.21.
SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The firm had revenue of $28.35 million during the quarter, compared to analyst estimates of $26.91 million. On average, sell-side analysts forecast that SoundThinking, Inc. will post -0.42 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have commented on SSTI shares. Lake Street Capital raised 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. Craig Hallum raised shares of SoundThinking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Roth Mkm reissued a "buy" rating and issued a $30.00 price target on shares of SoundThinking 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 report on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $21.00.
View Our Latest Research Report on SSTI
About SoundThinking
(
Free Report)
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.
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