SoundThinking, Inc. (NASDAQ:SSTI) Shares Bought by Barclays PLC

Barclays PLC raised its stake in SoundThinking, Inc. (NASDAQ:SSTI) by 245.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,755 shares of the company’s stock after buying an additional 17,591 shares during the quarter. Barclays PLC’s holdings in SoundThinking were worth $286,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after acquiring an additional 716 shares in the last quarter. Cim LLC raised its holdings in SoundThinking by 18.5% in the second 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. Bank of New York Mellon Corp raised its holdings in SoundThinking by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock valued at $482,000 after acquiring an additional 3,268 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in SoundThinking by 145.2% in the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after acquiring an additional 5,236 shares in the last quarter. Finally, State Street Corp raised its holdings in SoundThinking by 4.3% in the third quarter. State Street Corp now owns 197,024 shares of the company’s stock valued at $2,284,000 after acquiring an additional 8,078 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on SSTI shares. Craig Hallum reduced their target price on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. JMP Securities dropped their price target on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, SoundThinking currently has an average rating of “Moderate Buy” and an average price target of $21.20.

SoundThinking Trading Up 5.3 %

Shares of SSTI opened at $13.44 on Monday. The company’s 50 day simple moving average is $12.31 and its 200-day simple moving average is $12.72. SoundThinking, Inc. has a 12-month low of $9.33 and a 12-month high of $24.44. The firm has a market cap of $169.20 million, a PE ratio of -111.99 and a beta of 1.18.

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

Insider Buying and Selling at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.61, for a total value of $68,882.13. Following the completion of the sale, the chief executive officer now owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were 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. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,621 shares of company stock valued at $336,458. 9.20% of the stock is owned by company 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.