1 day Ago By Defense World Staff
Renaissance Technologies LLC grew its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI – Free Report) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 93,132 shares of the company’s stock after acquiring an additional 13,900 shares during the quarter. Renaissance Technologies LLC owned 0.74% of SoundThinking worth $1,216,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Kopion Asset Management LLC grew its stake in shares of SoundThinking by 24.2% during the fourth quarter.
Kopion Asset Management LLC now owns 727,144 shares of the company’s stock valued at $9,497,000 after buying an additional 141,630 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in SoundThinking by 9.8% in the fourth quarter.
Rice Hall James & Associates LLC now owns 397,728 shares of the company’s stock valued at $5,194,000 after purchasing an additional 35,584 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of SoundThinking by 1.2% in the fourth quarter.
Geode Capital Management LLC now owns 216,121 shares of the company’s stock worth $2,823,000 after purchasing an additional 2,547 shares during the last quarter. State Street Corp increased its stake in shares of SoundThinking by 4.3% in the third quarter.
State Street Corp now owns 197,024 shares of the company’s stock worth $2,284,000 after buying an additional 8,078 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in SoundThinking by 29.
1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,733 shares of the company’s stock valued at $924,000 after buying an additional 15,943 shares during the last quarter.
60.74% of the stock is currently owned by institutional investors. SoundThinking Trading Up 2.
8 %Shares of SSTI opened at $15.95 on Wednesday. SoundThinking, Inc.
has a 1-year low of $9.33 and a 1-year high of $19.43.
The firm has a market capitalization of $202.02 million, a price-to-earnings ratio of -132.91 and a beta of 1.
29. The firm’s 50-day moving average price is $16.20 and its 200-day moving average price is $13.
88. SoundThinking (NASDAQ:SSTI – Get Free Report) last announced 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 return on equity of 8.74% and a negative net margin of 1.39%.
The firm had revenue of $23.41 million during the quarter, compared to the consensus estimate of $26.65 million.
On average, research analysts forecast that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.
Wall Street Analyst Weigh InA number of equities analysts have issued reports on SSTI shares. Cantor Fitzgerald restated an “overweight” rating and issued a $20.00 price objective on shares of SoundThinking in a research report on Wednesday, February 26th.
Craig Hallum raised SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.
20.View Our Latest Analysis on SSTISoundThinking Company Profile (Free Report)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.
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