Mackenzie Financial Corp Acquires Shares of 42,864 SoundThinking, Inc. (NASDAQ:SSTI)

Mackenzie Financial Corp purchased a new stake in shares of SoundThinking, Inc. (NASDAQ:SSTI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,864 shares of the company's stock, valued at approximately $560,000. Mackenzie Financial Corp owned about 0.34% of SoundThinking at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Rice Hall James & Associates LLC raised its holdings in shares of SoundThinking by 9.8% during the fourth quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company's stock valued at $5,194,000 after purchasing an additional 35,584 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of SoundThinking by 29.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,733 shares of the company's stock valued at $924,000 after purchasing an additional 15,943 shares during the period. Geode Capital Management LLC raised its holdings in shares of SoundThinking by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 216,121 shares of the company's stock valued at $2,823,000 after purchasing an additional 2,547 shares during the period. WINTON GROUP Ltd acquired a new position in shares of SoundThinking during the fourth quarter valued at about $228,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of SoundThinking during the fourth quarter valued at about $329,000. Institutional investors own 60.74% of the company's stock.

SoundThinking Trading Up 1.8%

Shares of SSTI traded up $0.29 on Friday, reaching $16.25. The company's stock had a trading volume of 30,713 shares, compared to its average volume of 61,323. SoundThinking, Inc. has a twelve month low of $9.33 and a twelve month high of $19.43. The stock has a market capitalization of $205.94 million, a PE ratio of -135.41 and a beta of 1.21. The firm has a fifty day moving average of $15.62 and a 200-day moving average of $14.64.

SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The business had revenue of $28.35 million during the quarter, compared to analyst estimates of $26.91 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. As a group, equities analysts anticipate that SoundThinking, Inc. will post -0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SSTI. Cantor Fitzgerald reiterated an "overweight" rating and set a $20.00 price objective on shares of SoundThinking in a report on Wednesday, May 14th. Roth Mkm restated a "buy" rating and issued a $30.00 target price on shares of SoundThinking in a report on Wednesday, May 14th. Craig Hallum upgraded shares of SoundThinking from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. Finally, Lake Street Capital upped their target price on shares of SoundThinking from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $21.00.

Insider Buying and Selling at SoundThinking

In other SoundThinking news, insider Nasim Golzadeh sold 1,809 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $15.46, for a total value of $27,967.14. Following the completion of the sale, the insider now owns 94,134 shares in the company, valued at approximately $1,455,311.64. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 3,637 shares of company stock worth $55,701. Insiders own 9.20% of the company's stock.

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.