Wells Fargo & Company MN Has $594,000 Stock Holdings in SoundThinking, Inc. (NASDAQ:SSTI)

Wells Fargo & Company MN lifted its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 681.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,468 shares of the company's stock after purchasing an additional 39,651 shares during the quarter. Wells Fargo & Company MN owned 0.36% of SoundThinking worth $594,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kopion Asset Management LLC raised its holdings in shares of SoundThinking by 24.2% during the fourth quarter. Kopion Asset Management LLC now owns 727,144 shares of the company's stock worth $9,497,000 after acquiring an additional 141,630 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of SoundThinking by 9.8% in the 4th quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company's stock valued at $5,194,000 after purchasing an additional 35,584 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of SoundThinking by 93.5% in the third quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company's stock valued at $650,000 after purchasing an additional 27,091 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new position in shares of SoundThinking during the fourth quarter worth about $353,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of SoundThinking during the fourth quarter worth about $329,000. Institutional investors own 60.74% of the company's stock.

SoundThinking Stock Performance

SSTI traded up $0.43 during trading on Thursday, reaching $15.57. 759 shares of the stock were exchanged, compared to its average volume of 62,695. The stock's 50 day moving average price is $16.21 and its two-hundred day moving average price is $14.02. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $19.43. The stock has a market cap of $197.21 million, a P/E ratio of -129.74 and a beta of 1.21.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The firm had revenue of $23.41 million during the quarter, compared to analyst estimates of $26.65 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. Equities research analysts predict that SoundThinking, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.