Connor Clark & Lunn Investment Management Ltd. Buys 15,943 Shares of SoundThinking, Inc. (NASDAQ:SSTI)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 29.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,733 shares of the company's stock after acquiring an additional 15,943 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.56% of SoundThinking worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SSTI. Los Angeles Capital Management LLC bought a new stake in SoundThinking during the fourth quarter worth approximately $329,000. Rice Hall James & Associates LLC boosted its stake in shares of SoundThinking by 9.8% during the 4th quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company's stock worth $5,194,000 after acquiring an additional 35,584 shares in the last quarter. Diversified Investment Strategies LLC purchased a new stake in shares of SoundThinking during the fourth quarter valued at $131,000. R Squared Ltd acquired a new position in shares of SoundThinking in the 4th quarter valued at $70,000. Finally, Kopion Asset Management LLC lifted its stake in SoundThinking by 24.2% during the fourth quarter. Kopion Asset Management LLC now owns 727,144 shares of the company's stock valued at $9,497,000 after buying an additional 141,630 shares in the last quarter. Institutional investors own 60.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SSTI. Cantor Fitzgerald restated an "overweight" rating and set a $20.00 price target on shares of SoundThinking in a report on Wednesday, February 26th. Craig Hallum raised shares of SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.20.

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SoundThinking Price Performance

SoundThinking stock traded up $0.99 during trading hours on Monday, hitting $18.87. The company had a trading volume of 228,693 shares, compared to its average volume of 63,598. SoundThinking, Inc. has a fifty-two week low of $9.33 and a fifty-two week high of $18.95. The firm has a market capitalization of $237.55 million, a P/E ratio of -157.24 and a beta of 1.39. The firm's fifty day moving average is $14.53 and its 200-day moving average is $13.03.

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

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.