Marshall Wace LLP Takes $459,000 Position in SoundThinking, Inc. (NASDAQ:SSTI)

Marshall Wace LLP bought a new position in SoundThinking, Inc. (NASDAQ:SSTI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,172 shares of the company’s stock, valued at approximately $459,000. Marshall Wace LLP owned 0.28% of SoundThinking at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of SoundThinking in the 4th quarter valued at $70,000. Diversified Investment Strategies LLC acquired a new stake in SoundThinking in the 4th quarter valued at $131,000. WINTON GROUP Ltd purchased a new position in SoundThinking in the fourth quarter valued at about $228,000. Barclays PLC lifted its stake in shares of 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 in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of SoundThinking in the fourth quarter worth about $329,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 price target on shares of SoundThinking in a research report on Wednesday, February 26th. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, SoundThinking has an average rating of “Moderate Buy” and a consensus target price of $21.20.

SoundThinking Trading Up 1.1 %

SoundThinking stock opened at $15.78 on Friday. SoundThinking, Inc. has a 52 week low of $9.33 and a 52 week high of $19.43. The stock has a market cap of $199.87 million, a P/E ratio of -131.49 and a beta of 1.21. The stock has a 50 day moving average of $16.30 and a 200-day moving average of $13.96.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The company had revenue of $23.41 million for the quarter, compared to the consensus estimate of $26.65 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. As a group, equities analysts predict that SoundThinking, Inc. will post -0.42 earnings per share for the current fiscal year.

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.