461,961 Shares in SoundThinking, Inc. (NASDAQ:SSTI) Acquired by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN purchased a new stake in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 461,961 shares of the company's stock, valued at approximately $5,354,000. Disciplined Growth Investors Inc. MN owned 3.61% of SoundThinking at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its position in SoundThinking by 245.5% during the third quarter. Barclays PLC now owns 24,755 shares of the company's stock valued at $286,000 after buying an additional 17,591 shares during the period. State Street Corp grew its position in shares of SoundThinking by 4.3% during the 3rd 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 during the period. Walleye Capital LLC grew its holdings in SoundThinking by 61.9% during the third quarter. Walleye Capital LLC now owns 51,932 shares of the company's stock valued at $602,000 after purchasing an additional 19,861 shares during the period. BNP Paribas Financial Markets raised 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in SoundThinking by 42.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company's stock worth $635,000 after acquiring an additional 16,336 shares in the last quarter. 60.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SSTI. JMP Securities reduced their price objective on shares of 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 raised SoundThinking to a "strong-buy" rating in a research note on Thursday, November 14th. Finally, Craig Hallum dropped their price target on SoundThinking from $17.50 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.20.

SoundThinking Stock Up 2.9 %

SoundThinking stock traded up $0.41 during mid-day trading on Tuesday, reaching $14.32. 75,526 shares of the company's stock traded hands, compared to its average volume of 60,536. SoundThinking, Inc. has a 12-month low of $9.33 and a 12-month high of $26.92. The stock has a 50 day moving average of $11.81 and a two-hundred day moving average of $13.00. The company has a market cap of $180.29 million, a price-to-earnings ratio of -115.91 and a beta of 1.19.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.03). The company 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 quarter last year, the company earned ($0.09) earnings per share. As a group, sell-side analysts forecast that SoundThinking, Inc. will post -0.39 earnings per share 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.