Cantor Fitzgerald Forecasts SoundThinking FY2025 Earnings

SoundThinking, Inc. (NASDAQ:SSTI) – Research analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of SoundThinking in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst J. Ruykhaver expects that the company will post earnings of ($0.14) per share for the year. Cantor Fitzgerald has a “Strong-Buy” rating on the stock. The consensus estimate for SoundThinking’s current full-year earnings is ($0.39) per share.

Other research analysts have also recently issued reports about the stock. Craig Hallum dropped their target price on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. JMP Securities dropped their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a research note on Wednesday, November 13th. Two equities 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.20.

SoundThinking Trading Up 0.8 %

Shares of NASDAQ SSTI opened at $13.11 on Wednesday. SoundThinking has a 52 week low of $9.33 and a 52 week high of $22.77. The firm has a 50-day moving average price of $12.74 and a 200 day moving average price of $12.80.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings data 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 analysts’ expectations of $26.20 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. During the same quarter in the previous year, the company posted ($0.09) EPS.

Insider Activity

In related news, CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.61, for a total value of $68,882.13. Following the sale, the chief executive officer now owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. This represents a 1.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Alan R. Stewart sold 15,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the sale, the chief financial officer now owns 138,851 shares in the company, valued at approximately $1,936,971.45. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,621 shares of company stock worth $336,458 over the last ninety days. 9.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of SoundThinking by 145.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,843 shares of the company’s stock worth $102,000 after purchasing an additional 5,236 shares during the last quarter. Rhumbline Advisers boosted its position in SoundThinking by 5.4% during the second 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. Cim LLC grew its stake in SoundThinking by 18.5% in the 2nd quarter. Cim LLC now owns 19,828 shares of the company’s stock worth $266,000 after acquiring an additional 3,094 shares during the period. Barclays PLC raised its holdings in SoundThinking by 245.5% in the 3rd quarter. Barclays PLC now owns 24,755 shares of the company’s stock valued at $286,000 after acquiring an additional 17,591 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of SoundThinking during the 2nd quarter worth $298,000. Institutional investors and hedge funds own 60.74% 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.