Quadrature Capital Ltd Purchases Shares of 58,124 SoundThinking, Inc. (NASDAQ:SSTI)

Quadrature Capital Ltd purchased a new stake in SoundThinking, Inc. (NASDAQ:SSTI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 58,124 shares of the company’s stock, valued at approximately $923,000. Quadrature Capital Ltd owned 0.45% of SoundThinking as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSTI. Bares Capital Management Inc. boosted its position in SoundThinking by 10.7% in the 4th quarter. Bares Capital Management Inc. now owns 739,213 shares of the company’s stock valued at $18,880,000 after buying an additional 71,705 shares during the period. Acuitas Investments LLC lifted its position in shares of SoundThinking by 76.6% during the 4th quarter. Acuitas Investments LLC now owns 80,984 shares of the company’s stock worth $2,068,000 after purchasing an additional 35,124 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of SoundThinking by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock worth $8,010,000 after purchasing an additional 32,452 shares during the last quarter. Worth Venture Partners LLC raised its stake in SoundThinking by 76.3% during the 4th quarter. Worth Venture Partners LLC now owns 41,221 shares of the company’s stock worth $1,053,000 after acquiring an additional 17,841 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in SoundThinking by 14.5% during the 1st quarter. Rice Hall James & Associates LLC now owns 135,739 shares of the company’s stock worth $2,156,000 after acquiring an additional 17,210 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Cantor Fitzgerald cut their price target on shares of SoundThinking from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 15th. Lake Street Capital initiated coverage on shares of SoundThinking in a research note on Friday, May 24th. They set a “buy” rating and a $21.00 price target on the stock. Roth Mkm restated a “buy” rating and issued a $30.00 price objective on shares of SoundThinking in a research note on Wednesday, May 15th. Craig Hallum dropped their price objective on shares of SoundThinking from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, May 15th. Finally, William Blair lowered shares of SoundThinking from an “outperform” rating to a “market perform” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

SoundThinking Trading Up 9.9 %

Shares of SoundThinking stock traded up $1.36 on Friday, reaching $15.08. 125,549 shares of the stock were exchanged, compared to its average volume of 60,443. SoundThinking, Inc. has a 1-year low of $11.00 and a 1-year high of $26.92. The business has a fifty day moving average price of $13.68 and a two-hundred day moving average price of $15.82.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.15). SoundThinking had a negative return on equity of 12.69% and a negative net margin of 3.94%. The firm had revenue of $25.41 million for the quarter, compared to analyst estimates of $25.48 million. During the same quarter last year, the firm earned ($0.15) earnings per share. As a group, equities research analysts anticipate that SoundThinking, Inc. will post -0.35 earnings per share for the current year.

SoundThinking Profile

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.