Federated Hermes Inc. Cuts Stock Holdings in SoundThinking, Inc. (NASDAQ:SSTI)

Federated Hermes Inc. lessened its holdings in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,395,000 shares of the company's stock after selling 45,000 shares during the period. Federated Hermes Inc. owned approximately 11.08% of SoundThinking worth $18,219,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in SoundThinking during the fourth quarter valued at approximately $70,000. BNP Paribas Financial Markets lifted its position in 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 last quarter. Diversified Investment Strategies LLC bought a new stake in shares of SoundThinking in the 4th quarter worth about $131,000. WINTON GROUP Ltd purchased a new position in shares of SoundThinking during the 4th quarter worth about $228,000. Finally, Barclays PLC raised its position in SoundThinking by 245.5% in the 3rd quarter. Barclays PLC now owns 24,755 shares of the company's stock worth $286,000 after purchasing an additional 17,591 shares during the period. Institutional investors own 60.74% of the company's stock.

SoundThinking Stock Down 3.2 %

Shares of NASDAQ:SSTI traded down $0.56 during trading on Tuesday, reaching $16.65. 18,964 shares of the company's stock traded hands, compared to its average volume of 64,229. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $19.43. The company has a 50-day simple moving average of $15.83 and a 200-day simple moving average of $13.56. The firm has a market cap of $210.83 million, a PE ratio of -138.72 and a beta of 1.29.

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SoundThinking (NASDAQ:SSTI - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.30). The company had revenue of $23.41 million for the quarter, compared to analysts' expectations of $26.65 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. On average, equities research analysts forecast that SoundThinking, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on SSTI. Cantor Fitzgerald restated an "overweight" rating and issued a $20.00 price target on shares of SoundThinking in a report on Wednesday, February 26th. Craig Hallum raised shares of SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.20.

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.