SoundThinking, Inc. (NASDAQ:SSTI) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its position in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 21.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,362 shares of the company’s stock after buying an additional 7,109 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.32% of SoundThinking worth $527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SSTI. JPMorgan Chase & Co. grew its position in shares of SoundThinking by 93.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company’s stock worth $650,000 after acquiring an additional 27,091 shares in the last quarter. R Squared Ltd bought a new position in SoundThinking during the fourth quarter worth $70,000. Diversified Investment Strategies LLC acquired a new position in SoundThinking in the fourth quarter worth $131,000. Rice Hall James & Associates LLC increased its stake in SoundThinking by 9.8% during the fourth 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 last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in SoundThinking during the fourth quarter valued at $329,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Stock Performance

Shares of SSTI opened at $14.46 on Monday. The firm has a fifty day moving average of $16.12 and a 200-day moving average of $14.42. The company has a market cap of $183.25 million, a price-to-earnings ratio of -120.49 and a beta of 1.21. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $19.43.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $26.91 million. Analysts predict that SoundThinking, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on SSTI. Roth Mkm restated a “buy” rating and issued a $30.00 price target on shares of SoundThinking in a research report on Wednesday, May 14th. Craig Hallum upgraded shares of SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Lake Street Capital lifted their target price on SoundThinking from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 target price on shares of SoundThinking in a report on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $21.00.

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.