SoundThinking, Inc. $SSTI Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,090 shares of the company’s stock after acquiring an additional 4,200 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.23% of SoundThinking worth $493,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSTI. Pullen Investment Management LLC lifted its stake in SoundThinking by 61.1% in the 4th quarter. Pullen Investment Management LLC now owns 142,040 shares of the company’s stock valued at $1,855,000 after buying an additional 53,888 shares in the last quarter. Mackenzie Financial Corp boosted its position in SoundThinking by 120.1% in the 1st quarter. Mackenzie Financial Corp now owns 94,362 shares of the company’s stock valued at $1,599,000 after buying an additional 51,498 shares during the last quarter. Brown Advisory Inc. purchased a new position in SoundThinking in the 1st quarter valued at about $535,000. Rice Hall James & Associates LLC lifted its position in shares of SoundThinking by 5.6% during the first quarter. Rice Hall James & Associates LLC now owns 420,187 shares of the company’s stock worth $7,122,000 after purchasing an additional 22,459 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of SoundThinking by 16.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 149,277 shares of the company’s stock worth $1,950,000 after purchasing an additional 20,627 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.

SoundThinking Trading Up 0.2%

Shares of NASDAQ SSTI opened at $11.81 on Thursday. SoundThinking, Inc. has a 1-year low of $9.33 and a 1-year high of $19.43. The company has a market cap of $151.05 million, a PE ratio of -14.95 and a beta of 1.16. The company has a 50-day moving average of $12.59 and a two-hundred day moving average of $14.73.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.15). The business had revenue of $25.89 million for the quarter, compared to the consensus estimate of $26.61 million. SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%. SoundThinking has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SSTI has been the topic of several analyst reports. Wall Street Zen lowered shares of SoundThinking from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Roth Mkm reissued a “buy” rating and set a $30.00 target price on shares of SoundThinking in a research note on Wednesday, May 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of SoundThinking in a research note on Wednesday, May 14th. Finally, Lake Street Capital reduced their price objective on shares of SoundThinking from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, SoundThinking currently has a consensus rating of “Buy” and an average target price of $20.80.

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.