SoundThinking, Inc. (NASDAQ:SSTI) Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 93.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,072 shares of the company’s stock after purchasing an additional 27,091 shares during the period. JPMorgan Chase & Co. owned 0.45% of SoundThinking worth $650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSTI. Rhumbline Advisers grew its position in SoundThinking by 5.4% during the 2nd 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. Hsbc Holdings PLC purchased a new position in shares of SoundThinking during the 2nd quarter valued at $398,000. Cubist Systematic Strategies LLC purchased a new position in shares of SoundThinking during the 2nd quarter valued at $298,000. Squarepoint Ops LLC grew its holdings in shares of SoundThinking by 113.6% during the 2nd quarter. Squarepoint Ops LLC now owns 38,199 shares of the company’s stock valued at $465,000 after acquiring an additional 20,313 shares in the last quarter. Finally, Cim LLC grew its holdings in shares of 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 acquiring an additional 3,094 shares in the last quarter. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities 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 on the stock in a report on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Finally, JMP Securities reduced their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Two research 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.20.

SoundThinking Trading Up 1.4 %

SSTI stock opened at $14.04 on Tuesday. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $22.37. The company has a fifty day simple moving average of $12.90 and a 200 day simple moving average of $12.85. The firm has a market cap of $176.76 million, a PE ratio of -116.99 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) last released 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). The business had revenue of $26.25 million during the quarter, compared to analyst estimates of $26.20 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. During the same period in the previous year, the firm posted ($0.09) EPS. As a group, analysts forecast that SoundThinking, Inc. will post -0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of the business’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 transaction, the chief financial officer now owns 138,851 shares of the company’s stock, valued at $1,936,971.45. The trade was a 9.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of the business’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 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 disclosure for this sale can be found here. Insiders sold a total of 25,621 shares of company stock valued at $336,458 in the last quarter. 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.