State Street Corp Boosts Position in SoundThinking, Inc. (NASDAQ:SSTI)

State Street Corp increased its holdings in SoundThinking, Inc. (NASDAQ:SSTI) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,024 shares of the company’s stock after acquiring an additional 8,078 shares during the quarter. State Street Corp’s holdings in SoundThinking were worth $2,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in 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 purchasing an additional 5,236 shares in the last quarter. Rhumbline Advisers raised its stake in SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after buying an additional 716 shares in the last quarter. Ibex Investors LLC purchased a new stake in SoundThinking in the second quarter worth about $171,000. Cim LLC boosted its position in SoundThinking by 18.5% during the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of SoundThinking during the 2nd quarter worth approximately $298,000. Institutional investors own 60.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JMP Securities lowered their target price on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Finally, Craig Hallum lowered their price target on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.20.

SoundThinking Trading Up 1.6 %

NASDAQ SSTI opened at $13.06 on Wednesday. SoundThinking, Inc. has a 12 month low of $9.33 and a 12 month high of $25.28. The stock’s fifty day moving average price is $12.21 and its 200-day moving average price is $12.73. The stock has a market cap of $164.41 million, a P/E ratio of -108.82 and a beta of 1.19.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The firm had revenue of $26.25 million for the quarter, compared to analysts’ expectations of $26.20 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. During the same period last year, the company posted ($0.09) earnings per share. As a group, analysts forecast that SoundThinking, Inc. will post -0.39 earnings per share for the current fiscal year.

Insider Activity

In other SoundThinking news, CEO Ralph A. Clark sold 5,933 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the sale, the chief executive officer now directly owns 520,774 shares in the company, valued at approximately $6,046,186.14. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the sale, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,621 shares of company stock worth $336,458 over the last 90 days. 9.20% of the stock is currently owned by insiders.

SoundThinking Company 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.