Barclays PLC Buys 17,591 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Barclays PLC boosted its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 245.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,755 shares of the company’s stock after buying an additional 17,591 shares during the quarter. Barclays PLC owned approximately 0.19% of SoundThinking worth $286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased 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 purchasing an additional 8,078 shares during the period. Walleye Capital LLC increased its position in SoundThinking by 61.9% during 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 period. BNP Paribas Financial Markets increased its position in SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after purchasing an additional 5,236 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in SoundThinking by 42.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company’s stock valued at $635,000 after purchasing an additional 16,336 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in SoundThinking by 56.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock valued at $4,197,000 after purchasing an additional 130,913 shares during the period. Institutional investors own 60.74% of the company’s stock.

SoundThinking Trading Up 5.3 %

NASDAQ:SSTI opened at $13.44 on Monday. The company has a market cap of $169.20 million, a PE ratio of -111.99 and a beta of 1.18. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $24.44. The company’s 50 day moving average is $12.31 and its two-hundred day moving average is $12.72.

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

Insider Buying and Selling at SoundThinking

In other news, CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 138,851 shares of the company’s stock, valued at $1,936,971.45. This represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following the sale, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at $6,046,186.14. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,621 shares of company stock worth $336,458. Company insiders own 9.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on SSTI shares. Craig Hallum cut their target price on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Finally, JMP Securities cut their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, SoundThinking has a consensus rating of “Moderate Buy” and a consensus target price 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.