Connor Clark & Lunn Investment Management Ltd. Has $635,000 Stock Holdings in SoundThinking, Inc. (NASDAQ:SSTI)

Connor Clark & Lunn Investment Management Ltd. increased its position in SoundThinking, Inc. (NASDAQ:SSTI) by 42.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,790 shares of the company’s stock after buying an additional 16,336 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.43% of SoundThinking worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in SoundThinking by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 13,973 shares of the company’s stock worth $170,000 after acquiring an additional 716 shares during the last quarter. Ibex Investors LLC acquired a new position in shares of SoundThinking during the second quarter worth $171,000. Cim LLC grew its stake in shares of SoundThinking by 18.5% in the second quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after purchasing an additional 3,094 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in SoundThinking in the second quarter valued at $298,000. Finally, Hsbc Holdings PLC bought a new position in SoundThinking during the 2nd quarter worth $398,000. Institutional investors own 60.74% of the company’s stock.

SoundThinking Price Performance

Shares of NASDAQ:SSTI opened at $13.44 on Friday. SoundThinking, Inc. has a 1 year low of $9.33 and a 1 year high of $26.92. The business’s 50-day moving average is $11.64 and its 200-day moving average is $13.09. The company has a market capitalization of $169.21 million, a price-to-earnings ratio of -111.99 and a beta of 1.17.

SoundThinking (NASDAQ:SSTI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the firm posted ($0.09) earnings per share. Analysts anticipate that SoundThinking, Inc. will post -0.39 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on SSTI. JMP Securities reduced their price target 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. Craig Hallum reduced their target price on SoundThinking from $17.50 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald raised shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.20.

Insider Buying and Selling

In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of SoundThinking stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $13.64, for a total value of $88,373.56. Following the completion of the sale, the chief executive officer now directly owns 529,894 shares of the company’s stock, valued at approximately $7,227,754.16. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 8,376 shares of company stock valued at $111,976 over the last ninety days. 9.20% of the stock is owned by corporate insiders.

About SoundThinking

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.