Charles Schwab Investment Management Inc. Has $325,000 Stock Position in SoundThinking, Inc. (NASDAQ:SSTI)

Charles Schwab Investment Management Inc. lessened its stake in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,890 shares of the company’s stock after selling 1,139 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.20% of SoundThinking worth $325,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN bought a new stake in shares of SoundThinking in the 3rd quarter valued at about $5,354,000. Kopion Asset Management LLC increased its position in SoundThinking by 24.2% during the 4th quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock valued at $9,497,000 after purchasing an additional 141,630 shares during the period. Rice Hall James & Associates LLC raised its holdings in SoundThinking by 9.8% during the 4th quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company’s stock worth $5,194,000 after purchasing an additional 35,584 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of SoundThinking by 93.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company’s stock worth $650,000 after purchasing an additional 27,091 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of SoundThinking in the 4th quarter valued at $329,000. 60.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SSTI has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 price target 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 note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.20.

SoundThinking Stock Performance

Shares of NASDAQ SSTI opened at $16.60 on Wednesday. The firm’s 50-day simple moving average is $15.26 and its 200 day simple moving average is $13.29. The stock has a market cap of $208.98 million, a price-to-earnings ratio of -138.32 and a beta of 1.39. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $19.43.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) 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 firm had revenue of $23.41 million during the quarter, compared to analysts’ expectations of $26.65 million. On average, sell-side analysts predict that SoundThinking, Inc. will post -0.42 EPS for the current year.

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.