Mackenzie Financial Corp increased its holdings in SoundThinking, Inc. (NASDAQ:SSTI - Free Report) by 120.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,362 shares of the company's stock after purchasing an additional 51,498 shares during the quarter. Mackenzie Financial Corp owned 0.75% of SoundThinking worth $1,599,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of SoundThinking by 77.0% in the fourth quarter. BNP Paribas Financial Markets now owns 15,655 shares of the company's stock valued at $204,000 after buying an additional 6,812 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of SoundThinking by 6,553.7% during the 1st quarter. GAMMA Investing LLC now owns 13,374 shares of the company's stock worth $227,000 after purchasing an additional 13,173 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of SoundThinking by 80.6% in the fourth quarter. Two Sigma Advisers LP now owns 18,600 shares of the company's stock valued at $243,000 after purchasing an additional 8,300 shares in the last quarter. Rhumbline Advisers grew its position in shares of SoundThinking by 10.1% in the first quarter. Rhumbline Advisers now owns 14,980 shares of the company's stock valued at $254,000 after purchasing an additional 1,373 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of SoundThinking by 99.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 21,035 shares of the company's stock valued at $275,000 after purchasing an additional 10,479 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company's stock.
Insiders Place Their Bets
In other SoundThinking news, insider Nasim Golzadeh sold 1,809 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $15.46, for a total value of $27,967.14. Following the sale, the insider owned 94,134 shares of the company's stock, valued at $1,455,311.64. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 3,474 shares of company stock valued at $53,205. 9.20% of the stock is currently owned by company insiders.
SoundThinking Stock Performance
Shares of NASDAQ SSTI traded up $0.46 during mid-day trading on Friday, reaching $11.69. 24,261 shares of the company's stock were exchanged, compared to its average volume of 56,122. The company's 50-day moving average is $13.92 and its 200-day moving average is $14.88. The firm has a market capitalization of $148.05 million, a price-to-earnings ratio of -19.15 and a beta of 1.26. SoundThinking, Inc. has a 52-week low of $9.33 and a 52-week high of $19.43.
SoundThinking (NASDAQ:SSTI - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company had revenue of $28.35 million for the quarter, compared to analysts' expectations of $26.91 million. SoundThinking had a negative return on equity of 10.77% and a negative net margin of 7.39%. As a group, equities analysts predict that SoundThinking, Inc. will post -0.42 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on SSTI. Cantor Fitzgerald restated an "overweight" rating and issued a $20.00 target price on shares of SoundThinking in a report on Wednesday, May 14th. Lake Street Capital raised their price objective on shares of SoundThinking from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $30.00 target price on shares of SoundThinking in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $21.00.
Check Out Our Latest Stock Analysis on SSTI
About SoundThinking
(
Free Report)
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.
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