SoundThinking, Inc. (NASDAQ:SSTI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in SoundThinking, Inc. (NASDAQ:SSTI) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,322 shares of the company’s stock after selling 10,084 shares during the quarter. Bank of New York Mellon Corp owned 0.21% of SoundThinking worth $344,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. boosted its position in SoundThinking by 42.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,790 shares of the company’s stock valued at $635,000 after buying an additional 16,336 shares during the period. BNP Paribas Financial Markets grew its stake in SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after purchasing an additional 5,236 shares in the last quarter. Walleye Capital LLC increased its holdings in SoundThinking by 61.9% during the 3rd quarter. Walleye Capital LLC now owns 51,932 shares of the company’s stock worth $602,000 after purchasing an additional 19,861 shares during the period. State Street Corp raised its position in SoundThinking by 4.3% in 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 in the last quarter. Finally, Barclays PLC raised its position in SoundThinking by 245.5% in the 3rd quarter. Barclays PLC now owns 24,755 shares of the company’s stock valued at $286,000 after purchasing an additional 17,591 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

SoundThinking Stock Down 5.8 %

Shares of SSTI opened at $17.44 on Friday. The company has a market capitalization of $219.55 million, a price-to-earnings ratio of -145.32 and a beta of 1.39. SoundThinking, Inc. has a 52-week low of $9.33 and a 52-week high of $19.43. The stock has a 50 day moving average price of $15.11 and a 200 day moving average price of $13.23.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share (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 company had revenue of $23.41 million during the quarter, compared to analyst estimates of $26.65 million. On average, equities analysts anticipate that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SSTI has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 target price on shares of SoundThinking in a research note on Wednesday, February 26th. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.20.

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.