Archon Capital Management LLC Increases Holdings in SoundThinking, Inc. (NASDAQ:SSTI)

Archon Capital Management LLC grew its position in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 40.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,538 shares of the company's stock after acquiring an additional 38,000 shares during the quarter. SoundThinking comprises approximately 1.7% of Archon Capital Management LLC's portfolio, making the stock its 21st biggest position. Archon Capital Management LLC owned approximately 1.04% of SoundThinking worth $1,718,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kopion Asset Management LLC raised its stake in SoundThinking by 24.2% during the 4th quarter. Kopion Asset Management LLC now owns 727,144 shares of the company's stock valued at $9,497,000 after acquiring an additional 141,630 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of SoundThinking by 681.6% in the fourth quarter. Wells Fargo & Company MN now owns 45,468 shares of the company's stock valued at $594,000 after purchasing an additional 39,651 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of SoundThinking by 9.8% during the fourth quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company's stock worth $5,194,000 after purchasing an additional 35,584 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SoundThinking by 93.5% during the third quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company's stock worth $650,000 after purchasing an additional 27,091 shares during the period. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of SoundThinking during the fourth quarter worth $353,000. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

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SoundThinking Stock Down 5.8 %

Shares of SSTI traded down $0.99 during mid-day trading on Tuesday, hitting $16.21. The company had a trading volume of 44,572 shares, compared to its average volume of 64,357. SoundThinking, Inc. has a 1-year low of $9.33 and a 1-year high of $19.43. The business's 50-day simple moving average is $15.89 and its 200-day simple moving average is $13.58. The stock has a market cap of $205.32 million, a PE ratio of -135.07 and a beta of 1.29.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its quarterly earnings results 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 company 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, sell-side analysts expect that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SSTI. Craig Hallum upgraded shares of SoundThinking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. 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. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.20.

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.