Quantinno Capital Management LP Purchases 171,733 Shares of SoundThinking, Inc. $SSTI

Quantinno Capital Management LP raised its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 264.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,581 shares of the company’s stock after buying an additional 171,733 shares during the period. Quantinno Capital Management LP’s holdings in SoundThinking were worth $1,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Rice Hall James & Associates LLC lifted its stake in shares of SoundThinking by 8.9% during the 1st quarter. Rice Hall James & Associates LLC now owns 444,087 shares of the company’s stock worth $2,940,000 after acquiring an additional 36,474 shares during the last quarter. Sei Investments Co. bought a new position in SoundThinking in the 1st quarter valued at $92,000. Pullen Investment Management LLC grew its position in SoundThinking by 14.1% in the 1st quarter. Pullen Investment Management LLC now owns 187,130 shares of the company’s stock valued at $1,239,000 after acquiring an additional 23,161 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in SoundThinking by 42.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,869 shares of the company’s stock worth $232,000 after purchasing an additional 8,533 shares during the period. Finally, Mackenzie Financial Corp increased its stake in SoundThinking by 50.2% in the fourth quarter. Mackenzie Financial Corp now owns 203,411 shares of the company’s stock worth $1,640,000 after purchasing an additional 67,981 shares during the period. Institutional investors own 60.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of SoundThinking from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st. Weiss Ratings downgraded shares of SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 30th. Finally, Zacks Research raised shares of SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SoundThinking currently has a consensus rating of “Hold” and a consensus price target of $14.00.

SoundThinking Stock Performance

NASDAQ SSTI opened at $8.15 on Thursday. The company has a market cap of $105.54 million, a PE ratio of -7.03 and a beta of 1.16. The firm’s 50 day moving average price is $8.23 and its 200-day moving average price is $7.38. SoundThinking, Inc. has a 52-week low of $5.78 and a 52-week high of $13.34.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). The business had revenue of $24.18 million during the quarter, compared to the consensus estimate of $24.27 million. SoundThinking had a negative return on equity of 20.76% and a negative net margin of 14.95%. On average, analysts forecast that SoundThinking, Inc. will post -0.69 earnings per share for the current fiscal year.

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. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.