SoundThinking (NASDAQ:SSTI) Posts Earnings Results, Misses Estimates By $0.30 EPS

SoundThinking (NASDAQ:SSTI) issued its quarterly earnings results on Tuesday. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30), Zacks reports. The firm had revenue of $23.41 million during the quarter, compared to analysts’ expectations of $26.65 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. SoundThinking updated its FY 2025 guidance to EPS.

SoundThinking Stock Performance

Shares of SoundThinking stock opened at $13.68 on Wednesday. The company has a fifty day moving average of $13.30 and a 200 day moving average of $12.81. The company has a market capitalization of $172.22 million, a P/E ratio of -113.99 and a beta of 1.18. SoundThinking has a fifty-two week low of $9.33 and a fifty-two week high of $18.70.

Insider Activity at SoundThinking

In related news, CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $68,882.13. Following the sale, the chief executive officer now owns 520,774 shares of the company’s stock, valued at $6,046,186.14. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $209,250.00. Following the transaction, the chief financial officer now owns 138,851 shares of the company’s stock, valued at $1,936,971.45. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,632 shares of company stock valued at $325,036. 9.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SSTI shares. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 target price on shares of SoundThinking in a research note on Wednesday. Finally, JMP Securities dropped their price target on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.