Disciplined Growth Investors Inc. MN Takes Position in SoundThinking, Inc. (NASDAQ:SSTI)

Disciplined Growth Investors Inc. MN bought a new stake in SoundThinking, Inc. (NASDAQ:SSTI) in the third quarter, HoldingsChannel.com reports. The firm bought 461,961 shares of the company’s stock, valued at approximately $5,354,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of SoundThinking by 145.2% in the 3rd 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 during the period. Rhumbline Advisers raised its holdings in SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock valued at $170,000 after acquiring an additional 716 shares in the last quarter. Ibex Investors LLC purchased a new position in SoundThinking in the second quarter worth approximately $171,000. Cim LLC grew its holdings in SoundThinking by 18.5% during the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of SoundThinking in the 2nd quarter valued at approximately $298,000. 60.74% of the stock is owned by institutional investors and hedge funds.

SoundThinking Trading Up 2.7 %

Shares of NASDAQ SSTI opened at $13.91 on Tuesday. The stock has a market cap of $175.13 million, a P/E ratio of -115.91 and a beta of 1.19. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $26.92. The stock has a 50 day moving average of $11.81 and a two-hundred day moving average of $13.00.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Tuesday, November 12th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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 earned ($0.09) earnings per share. As a group, research analysts predict that SoundThinking, Inc. will post -0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Craig Hallum lowered their price objective on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, JMP Securities cut their target price on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.