Walleye Capital LLC Sells 41,543 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Walleye Capital LLC lowered its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 80.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,389 shares of the company's stock after selling 41,543 shares during the period. Walleye Capital LLC owned about 0.08% of SoundThinking worth $136,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SSTI. Trexquant Investment LP boosted its stake in shares of SoundThinking by 3.2% during the 4th quarter. Trexquant Investment LP now owns 56,422 shares of the company's stock valued at $737,000 after purchasing an additional 1,745 shares in the last quarter. Geode Capital Management LLC lifted its position in SoundThinking by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 216,121 shares of the company's stock valued at $2,823,000 after acquiring an additional 2,547 shares during the period. R Squared Ltd purchased a new position in SoundThinking during the 4th quarter valued at about $70,000. Barclays PLC lifted its position in SoundThinking by 31.2% during the 4th quarter. Barclays PLC now owns 32,477 shares of the company's stock valued at $424,000 after acquiring an additional 7,722 shares during the period. Finally, State Street Corp lifted its position in 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. Institutional investors own 60.74% of the company's stock.

SoundThinking Trading Up 2.8 %

NASDAQ SSTI traded up $0.43 on Tuesday, hitting $15.95. 51,868 shares of the company traded hands, compared to its average volume of 63,389. The company has a market capitalization of $202.02 million, a price-to-earnings ratio of -132.91 and a beta of 1.29. The business's 50 day moving average price is $16.20 and its 200-day moving average price is $13.88. SoundThinking, Inc. has a 52-week low of $9.33 and a 52-week high of $19.43.

SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.30). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The business had revenue of $23.41 million during the quarter, compared to analysts' expectations of $26.65 million. As a group, sell-side analysts predict that SoundThinking, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $20.00 price target on shares of SoundThinking in a research report on Wednesday, February 26th. Craig Hallum raised shares of SoundThinking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock 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.