Connor Clark & Lunn Investment Management Ltd. Purchases 16,336 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of SoundThinking, Inc. (NASDAQ:SSTI) by 42.5% in the third quarter, HoldingsChannel.com reports. The firm owned 54,790 shares of the company’s stock after buying an additional 16,336 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in SoundThinking were worth $635,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SSTI. Vanguard Group Inc. grew its holdings in shares of SoundThinking by 6.9% during the first quarter. Vanguard Group Inc. now owns 504,435 shares of the company’s stock valued at $8,010,000 after buying an additional 32,452 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in SoundThinking by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,571 shares of the company’s stock valued at $482,000 after purchasing an additional 3,268 shares during the last quarter. Pullen Investment Management LLC bought a new stake in SoundThinking during the 2nd quarter worth approximately $632,000. Rhumbline Advisers raised its stake in shares of SoundThinking by 5.4% in the second quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after purchasing an additional 716 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of SoundThinking by 70.3% in the second quarter. Rice Hall James & Associates LLC now owns 231,231 shares of the company’s stock valued at $2,816,000 after purchasing an additional 95,492 shares in the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SSTI. Craig Hallum decreased their price target on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. JMP Securities lowered their target price on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, SoundThinking presently has an average rating of “Moderate Buy” and a consensus price target of $21.20.

Insider Transactions at SoundThinking

In other news, CEO Ralph A. Clark sold 6,479 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total transaction of $88,373.56. Following the transaction, the chief executive officer now owns 529,894 shares of the company’s stock, valued at $7,227,754.16. This represents a 1.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 8,376 shares of company stock worth $111,976 in the last quarter. Insiders own 9.20% of the company’s stock.

SoundThinking Price Performance

Shares of SoundThinking stock opened at $13.44 on Friday. The firm has a market cap of $169.21 million, a PE ratio of -111.99 and a beta of 1.17. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $26.92. The stock has a fifty day moving average price of $11.64 and a 200-day moving average price of $13.09.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The company had revenue of $26.25 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted ($0.09) EPS. As a group, equities analysts anticipate that SoundThinking, Inc. will post -0.39 EPS 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.