SoundThinking (NASDAQ:SSTI) Issues Quarterly Earnings Results

SoundThinking (NASDAQ:SSTI) announced its earnings results on Tuesday. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates 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 SSTI traded down $0.52 on Tuesday, hitting $13.68. 63,783 shares of the stock traded hands, compared to its average volume of 45,123. SoundThinking has a one year low of $9.33 and a one year high of $18.70. The company has a market capitalization of $172.22 million, a PE ratio of -113.99 and a beta of 1.18. The business has a 50 day simple moving average of $13.28 and a 200 day simple moving average of $12.81.

Insider Activity at SoundThinking

In related news, CFO Alan R. Stewart sold 15,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction of $209,250.00. Following the sale, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at $1,936,971.45. This trade represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.61, for a total value of $68,882.13. Following the completion of the transaction, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,632 shares of company stock valued at $325,036. 9.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SSTI. JMP Securities reduced their target price on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 13th. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $21.20.

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.