SoundThinking, Inc. (NASDAQ:SSTI) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP boosted its stake in SoundThinking, Inc. (NASDAQ:SSTI) by 18.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,719 shares of the company’s stock after buying an additional 7,636 shares during the quarter. Two Sigma Investments LP owned approximately 0.39% of SoundThinking worth $636,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSTI. Wells Fargo & Company MN lifted its stake in SoundThinking by 681.6% in the 4th quarter. Wells Fargo & Company MN now owns 45,468 shares of the company’s stock valued at $594,000 after buying an additional 39,651 shares in the last quarter. Archon Capital Management LLC lifted its stake in SoundThinking by 40.6% in the 4th quarter. Archon Capital Management LLC now owns 131,538 shares of the company’s stock valued at $1,718,000 after buying an additional 38,000 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in 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 buying an additional 35,584 shares in the last quarter. Marshall Wace LLP purchased a new stake in SoundThinking in the 4th quarter valued at approximately $459,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in SoundThinking in the 4th quarter valued at approximately $353,000. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Insiders Place Their Bets

In related news, insider Nasim Golzadeh sold 1,809 shares of SoundThinking stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $15.46, for a total value of $27,967.14. Following the transaction, the insider now owns 94,134 shares in the company, valued at approximately $1,455,311.64. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 3,637 shares of company stock valued at $55,701 in the last quarter. 9.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

SoundThinking Stock Up 1.8%

Shares of SoundThinking stock opened at $16.25 on Monday. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $19.43. The firm has a market cap of $205.94 million, a PE ratio of -135.41 and a beta of 1.28. The business’s fifty day moving average is $15.62 and its two-hundred day moving average is $14.69.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings results 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 return on equity of 8.74% and a negative net margin of 1.39%. The business had revenue of $28.35 million for the quarter, compared to analysts’ expectations of $26.91 million. Equities research analysts anticipate that SoundThinking, Inc. will post -0.42 EPS for the current 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.