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

WINTON GROUP Ltd purchased a new position in shares of SoundThinking, Inc. (NASDAQ:SSTI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,487 shares of the company’s stock, valued at approximately $228,000. WINTON GROUP Ltd owned about 0.14% of SoundThinking as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd purchased a new position in SoundThinking in the 4th quarter valued at $70,000. BNP Paribas Financial Markets lifted its stake in shares of SoundThinking by 145.2% in the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after buying an additional 5,236 shares in the last quarter. Diversified Investment Strategies LLC purchased a new position in shares of SoundThinking in the fourth quarter worth about $131,000. Barclays PLC boosted its position in SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company’s stock worth $286,000 after acquiring an additional 17,591 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in SoundThinking in the 4th quarter worth approximately $329,000. 60.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

SoundThinking Price Performance

Shares of NASDAQ SSTI opened at $16.95 on Tuesday. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $19.43. The company has a market capitalization of $213.38 million, a P/E ratio of -141.24 and a beta of 1.39. The company has a 50 day simple moving average of $15.19 and a 200-day simple moving average of $13.27.

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