SoundThinking (NASDAQ:SSTI) Releases Earnings Results

SoundThinking (NASDAQ:SSTI) issued its quarterly earnings results on Tuesday. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.30), Zacks reports. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. SoundThinking updated its FY 2025 guidance to EPS.

SoundThinking Stock Performance

Shares of NASDAQ:SSTI traded down $0.52 during midday trading on Tuesday, hitting $13.68. 63,824 shares of the stock were exchanged, compared to its average volume of 45,136. The business’s 50-day moving average price is $13.28 and its 200 day moving average price is $12.81. SoundThinking has a 12 month low of $9.33 and a 12 month high of $18.70. The stock has a market capitalization of $172.22 million, a price-to-earnings ratio of -113.99 and a beta of 1.18.

Insiders Place Their Bets

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of SoundThinking stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction of $209,250.00. Following the transaction, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ralph A. Clark sold 5,933 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.61, for a total value of $68,882.13. Following the completion of the sale, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,632 shares of company stock valued at $325,036 in the last ninety days. 9.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Finally, JMP Securities lowered their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, SoundThinking has a consensus rating of “Buy” and a consensus target price of $21.20.

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.