Los Angeles Capital Management LLC Takes $329,000 Position in SoundThinking, Inc. (NASDAQ:SSTI)

Los Angeles Capital Management LLC acquired a new stake in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,184 shares of the company's stock, valued at approximately $329,000. Los Angeles Capital Management LLC owned approximately 0.20% of SoundThinking at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSTI. Connor Clark & Lunn Investment Management Ltd. increased its position 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 valued at $635,000 after acquiring an additional 16,336 shares in the last quarter. BNP Paribas Financial Markets increased its position in SoundThinking by 145.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company's stock valued at $102,000 after acquiring an additional 5,236 shares in the last quarter. Walleye Capital LLC boosted its stake in shares of SoundThinking by 61.9% in the 3rd 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 last quarter. State Street Corp boosted its stake in shares of SoundThinking by 4.3% in the 3rd quarter. State Street Corp now owns 197,024 shares of the company's stock valued at $2,284,000 after purchasing an additional 8,078 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of SoundThinking by 245.5% in the 3rd quarter. Barclays PLC now owns 24,755 shares of the company's stock valued at $286,000 after purchasing an additional 17,591 shares during the last quarter. Institutional investors and hedge funds own 60.74% of the company's stock.

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SoundThinking Stock Up 1.1 %

SoundThinking stock traded up $0.17 during midday trading on Friday, hitting $16.22. 33,918 shares of the stock were exchanged, compared to its average volume of 51,107. The company has a fifty day simple moving average of $13.81 and a two-hundred day simple moving average of $12.91. SoundThinking, Inc. has a 52 week low of $9.33 and a 52 week high of $17.19. The stock has a market capitalization of $204.19 million, a PE ratio of -135.16 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) earnings per share 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 firm had revenue of $23.41 million for the quarter, compared to the consensus estimate of $26.65 million. As a group, equities research analysts anticipate that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at SoundThinking

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the transaction, the chief financial officer now owns 138,851 shares of the company's stock, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of SoundThinking stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $68,882.13. Following the completion of the transaction, the chief executive officer now directly owns 520,774 shares in the company, valued at approximately $6,046,186.14. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,360 shares of company stock valued at $284,951. 9.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SSTI shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $20.00 target price on shares of SoundThinking in a research note on Wednesday, February 26th. JMP Securities reduced their target price on shares of SoundThinking from $25.00 to $19.00 and set a "market outperform" rating on the stock in a research note on Wednesday, November 13th. Finally, 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, the company has an average rating of "Moderate Buy" and a consensus price target of $21.20.

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.