SoundThinking, Inc. (NASDAQ:SSTI) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 245.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,755 shares of the company’s stock after buying an additional 17,591 shares during the quarter. Barclays PLC owned about 0.20% of SoundThinking worth $286,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SSTI. BNP Paribas Financial Markets lifted its position in SoundThinking by 145.2% in the third 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 during the last quarter. Rhumbline Advisers increased its position in shares of SoundThinking by 5.4% during the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after purchasing an additional 716 shares in the last quarter. Cim LLC lifted its holdings in shares of SoundThinking by 18.5% in 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 last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of SoundThinking in the 2nd quarter valued at about $298,000. Finally, Hsbc Holdings PLC purchased a new position in SoundThinking during the 2nd quarter worth approximately $398,000. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Stock Performance

NASDAQ:SSTI opened at $13.01 on Tuesday. SoundThinking, Inc. has a 12-month low of $9.33 and a 12-month high of $23.81. The stock’s 50 day simple moving average is $12.72 and its 200-day simple moving average is $12.79. The firm has a market cap of $163.80 million, a P/E ratio of -108.41 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share (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 firm had revenue of $26.25 million during the quarter, compared to analyst estimates of $26.20 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. Research analysts forecast that SoundThinking, Inc. will post -0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SSTI has been the topic of several research analyst reports. JMP Securities cut their price target on SoundThinking from $25.00 to $19.00 and set a “market outperform” 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 report on Thursday, November 14th. Finally, Craig Hallum decreased their price target on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.20.

Insider Buying and Selling

In other news, CEO Ralph A. Clark sold 5,933 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. This represents a 1.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the chief financial officer now owns 138,851 shares in the company, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,621 shares of company stock valued at $336,458 over the last ninety days. Corporate insiders own 9.20% of the company’s stock.

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.