WINTON GROUP Ltd Invests $228,000 in SoundThinking, Inc. (NASDAQ:SSTI)

WINTON GROUP Ltd bought a new stake in SoundThinking, Inc. (NASDAQ:SSTI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,487 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SSTI. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SoundThinking by 29.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,733 shares of the company’s stock valued at $924,000 after buying an additional 15,943 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in SoundThinking during the 4th quarter valued at about $329,000. Rice Hall James & Associates LLC grew its position in SoundThinking by 9.8% in the 4th quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company’s stock valued at $5,194,000 after acquiring an additional 35,584 shares in the last quarter. Diversified Investment Strategies LLC purchased a new stake in SoundThinking during the fourth quarter worth about $131,000. Finally, R Squared Ltd purchased a new stake in SoundThinking during the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Analysts Set New Price Targets

SSTI has been the subject of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $20.00 price objective on shares of SoundThinking in a report on Wednesday, February 26th. Craig Hallum upgraded shares of SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SoundThinking presently has an average rating of “Moderate Buy” and an average target price of $21.20.

SoundThinking Stock Down 2.8 %

Shares of NASDAQ:SSTI opened at $16.95 on Tuesday. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $19.43. The firm’s 50 day moving average price is $15.19 and its 200 day moving average price is $13.27. The stock has a market cap of $213.38 million, a price-to-earnings ratio of -141.24 and a beta of 1.39.

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