SoundThinking, Inc. (NASDAQ:SSTI) Shares Bought by Archon Capital Management LLC

Archon Capital Management LLC raised its holdings in SoundThinking, Inc. (NASDAQ:SSTI) by 40.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 131,538 shares of the company’s stock after acquiring an additional 38,000 shares during the period. SoundThinking comprises 1.7% of Archon Capital Management LLC’s portfolio, making the stock its 21st biggest holding. Archon Capital Management LLC’s holdings in SoundThinking were worth $1,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SSTI. BNP Paribas Financial Markets lifted its stake in SoundThinking by 145.2% during the third quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock valued at $102,000 after buying an additional 5,236 shares in the last quarter. State Street Corp boosted its stake in SoundThinking by 4.3% in the 3rd quarter. State Street Corp now owns 197,024 shares of the company’s stock worth $2,284,000 after purchasing an additional 8,078 shares during the period. Barclays PLC grew its position in SoundThinking by 245.5% during the 3rd quarter. Barclays PLC now owns 24,755 shares of the company’s stock worth $286,000 after purchasing an additional 17,591 shares in the last quarter. JPMorgan Chase & Co. raised its stake in SoundThinking by 93.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,072 shares of the company’s stock valued at $650,000 after purchasing an additional 27,091 shares during the period. Finally, Kopion Asset Management LLC lifted its holdings in shares of SoundThinking by 24.2% in the fourth 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 in the last quarter. 60.74% of the stock is owned by institutional investors and hedge funds.

SoundThinking Trading Up 2.4 %

NASDAQ:SSTI opened at $16.76 on Friday. The firm has a market capitalization of $212.28 million, a PE ratio of -139.66 and a beta of 1.29. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $19.43. The firm’s fifty day simple moving average is $15.76 and its 200 day simple moving average is $13.51.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The business had revenue of $23.41 million during the quarter, compared to the consensus estimate of $26.65 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. As a group, analysts anticipate that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 price objective on shares of SoundThinking in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.