Charles Schwab Investment Management Inc. Sells 2,455 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Charles Schwab Investment Management Inc. lessened its stake in SoundThinking, Inc. (NASDAQ:SSTI) by 8.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,029 shares of the company’s stock after selling 2,455 shares during the period. Charles Schwab Investment Management Inc. owned 0.20% of SoundThinking worth $302,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SoundThinking by 42.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company’s stock worth $635,000 after acquiring an additional 16,336 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in SoundThinking by 56.6% in the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock valued at $4,197,000 after acquiring an additional 130,913 shares during the last quarter. Pullen Investment Management LLC increased its position in SoundThinking by 70.0% in the third quarter. Pullen Investment Management LLC now owns 88,152 shares of the company’s stock worth $1,022,000 after purchasing an additional 36,290 shares during the period. Cubist Systematic Strategies LLC bought a new stake in SoundThinking during the 2nd quarter worth about $298,000. Finally, Cim LLC lifted its position in SoundThinking by 18.5% during the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock valued at $266,000 after purchasing an additional 3,094 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SSTI shares. Craig Hallum lowered their price target on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Finally, JMP Securities dropped their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.20.

SoundThinking Price Performance

SoundThinking stock opened at $12.29 on Friday. The firm has a market capitalization of $154.72 million, a price-to-earnings ratio of -102.41 and a beta of 1.19. The company’s 50 day simple moving average is $12.02 and its 200 day simple moving average is $12.86. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $26.92.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. The firm had revenue of $26.25 million for the quarter, compared to the consensus estimate of $26.20 million. During the same period in the prior year, the business earned ($0.09) earnings per share. As a group, analysts predict that SoundThinking, Inc. will post -0.39 EPS for the current fiscal year.

Insider Activity

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total transaction of $209,250.00. Following the sale, the chief financial officer now directly owns 138,851 shares in the company, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ralph A. Clark sold 5,933 shares of the company’s 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 owns 520,774 shares of the company’s stock, valued at $6,046,186.14. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,621 shares of company stock worth $336,458 in the last 90 days. Corporate insiders own 9.20% of the company’s stock.

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.