Integrated Quantitative Investments LLC Makes New $353,000 Investment in SoundThinking, Inc. (NASDAQ:SSTI)

Integrated Quantitative Investments LLC purchased a new stake in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,000 shares of the company's stock, valued at approximately $353,000. Integrated Quantitative Investments LLC owned about 0.21% of SoundThinking at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in SoundThinking during the 4th quarter valued at $70,000. BNP Paribas Financial Markets boosted its holdings in shares of SoundThinking by 145.2% during the 3rd 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. Diversified Investment Strategies LLC acquired a new position in SoundThinking in the 4th quarter valued at about $131,000. WINTON GROUP Ltd bought a new position in shares of SoundThinking during the fourth quarter worth approximately $228,000. Finally, Barclays PLC boosted its position in shares of SoundThinking by 245.5% in the third quarter. Barclays PLC now owns 24,755 shares of the company's stock valued at $286,000 after acquiring an additional 17,591 shares during the period. Institutional investors own 60.74% of the company's stock.

Analysts Set New Price Targets

SSTI has been the subject of a number of recent analyst reports. Craig Hallum upgraded SoundThinking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $20.00 price objective on shares of SoundThinking in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.20.

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SoundThinking Stock Performance

Shares of SoundThinking stock traded down $0.18 during trading on Thursday, reaching $16.08. 14,819 shares of the company's stock were exchanged, compared to its average volume of 64,471. SoundThinking, Inc. has a 1-year low of $9.33 and a 1-year high of $19.43. The company has a market cap of $203.67 million, a P/E ratio of -134.38 and a beta of 1.29. The firm's 50-day moving average price is $15.65 and its 200 day moving average price is $13.45.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its quarterly 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 firm had revenue of $23.41 million during the quarter, compared to the consensus estimate of $26.65 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. As a group, equities research analysts predict that SoundThinking, Inc. will post -0.42 EPS for the current year.

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.