Walleye Capital LLC Sells 41,543 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Walleye Capital LLC reduced its position in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 80.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,389 shares of the company's stock after selling 41,543 shares during the period. Walleye Capital LLC owned approximately 0.08% of SoundThinking worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of SoundThinking in the fourth quarter valued at approximately $70,000. Diversified Investment Strategies LLC bought a new position in shares of SoundThinking in the fourth quarter worth $131,000. WINTON GROUP Ltd bought a new position in shares of SoundThinking in the fourth quarter worth $228,000. Barclays PLC lifted its position in SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company's stock worth $286,000 after purchasing an additional 17,591 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in SoundThinking during the fourth quarter worth about $329,000. 60.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SSTI shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $20.00 price target on shares of SoundThinking in a report on Wednesday, February 26th. Craig Hallum upgraded SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.20.

SoundThinking Trading Up 2.1 %

SoundThinking stock traded up $0.34 during mid-day trading on Friday, reaching $15.95. The company had a trading volume of 5,597 shares, compared to its average volume of 60,779. The business has a fifty day simple moving average of $16.25 and a 200 day simple moving average of $13.92. The company has a market cap of $201.96 million, a P/E ratio of -132.86 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 released its quarterly earnings data 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). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The firm had revenue of $23.41 million for the quarter, compared to analyst estimates of $26.65 million. Research analysts forecast that SoundThinking, Inc. will post -0.42 EPS for the current year.

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.