Two Sigma Investments LP Grows Stock Holdings in SoundThinking, Inc. (NASDAQ:SSTI)

Two Sigma Investments LP grew its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,719 shares of the company’s stock after buying an additional 7,636 shares during the quarter. Two Sigma Investments LP’s holdings in SoundThinking were worth $636,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in SoundThinking by 77.0% in the fourth quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company’s stock valued at $204,000 after purchasing an additional 6,812 shares during the period. WINTON GROUP Ltd purchased a new position in SoundThinking in the fourth quarter valued at about $228,000. Cubist Systematic Strategies LLC raised its position in SoundThinking by 99.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 21,035 shares of the company’s stock valued at $275,000 after purchasing an additional 10,479 shares during the period. Sherbrooke Park Advisers LLC raised its position in SoundThinking by 18.2% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 23,302 shares of the company’s stock valued at $304,000 after purchasing an additional 3,589 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in SoundThinking in the fourth quarter valued at about $329,000. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSTI has been the topic of several research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 price objective on shares of SoundThinking in a research report on Wednesday, May 14th. Lake Street Capital raised their price objective on SoundThinking from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, Roth Mkm restated a “buy” rating and set a $30.00 target price on shares of SoundThinking in a research note on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $21.00.

Insider Activity

In related news, insider Nasim Golzadeh sold 1,809 shares of SoundThinking stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $15.46, for a total value of $27,967.14. Following the completion of the transaction, the insider now directly owns 94,134 shares in the company, valued at approximately $1,455,311.64. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 3,637 shares of company stock worth $55,701 over the last ninety days. Corporate insiders own 9.20% of the company’s stock.

SoundThinking Price Performance

Shares of SoundThinking stock opened at $16.25 on Monday. The business has a 50-day moving average of $15.62 and a 200-day moving average of $14.69. The company has a market capitalization of $205.94 million, a PE ratio of -135.41 and a beta of 1.28. SoundThinking, Inc. has a 1-year low of $9.33 and a 1-year high of $19.43.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Tuesday, May 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The business had revenue of $28.35 million for the quarter, compared to analyst estimates of $26.91 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. On average, equities analysts expect that SoundThinking, Inc. will post -0.42 earnings per share for the current fiscal year.

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.