Integrated Quantitative Investments LLC Makes New Investment in SoundThinking, Inc. (NASDAQ:SSTI)

Integrated Quantitative Investments LLC bought a new stake in SoundThinking, Inc. (NASDAQ:SSTI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,000 shares of the company’s stock, valued at approximately $353,000. Integrated Quantitative Investments LLC owned 0.21% of SoundThinking as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SSTI. R Squared Ltd purchased a new position in SoundThinking during the fourth quarter valued at $70,000. BNP Paribas Financial Markets increased its stake in shares of SoundThinking by 145.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after acquiring an additional 5,236 shares in the last quarter. Diversified Investment Strategies LLC purchased a new position in SoundThinking during the 4th quarter valued at about $131,000. WINTON GROUP Ltd bought a new stake in SoundThinking during the fourth quarter worth about $228,000. Finally, Barclays PLC grew its holdings in SoundThinking by 245.5% in 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 during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Craig Hallum upgraded shares of SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price objective on shares of SoundThinking in a research note on Wednesday, February 26th. 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.com, SoundThinking has an average rating of “Moderate Buy” and a consensus target price of $21.20.

SoundThinking Trading Down 4.2 %

SSTI stock opened at $15.56 on Friday. The stock’s 50 day simple moving average is $15.44 and its 200 day simple moving average is $13.36. SoundThinking, Inc. has a 12-month low of $9.33 and a 12-month high of $19.43. The stock has a market capitalization of $195.88 million, a PE ratio of -129.66 and a beta of 1.29.

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