Cantor Fitzgerald Cuts Earnings Estimates for SoundThinking

SoundThinking, Inc. (NASDAQ:SSTI) – Equities researchers at Cantor Fitzgerald cut their FY2025 earnings estimates for shares of SoundThinking in a research note issued to investors on Wednesday, February 26th. Cantor Fitzgerald analyst J. Ruykhaver now anticipates that the company will post earnings per share of ($0.43) for the year, down from their prior estimate of ($0.14). Cantor Fitzgerald currently has a “Overweight” rating and a $20.00 target price on the stock. The consensus estimate for SoundThinking’s current full-year earnings is ($0.42) per share.

A number of other equities research analysts have also recently commented on the company. Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. JMP Securities cut their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.20.

SoundThinking Trading Down 3.8 %

Shares of SSTI opened at $16.26 on Friday. SoundThinking has a 12 month low of $9.33 and a 12 month high of $18.39. The stock has a fifty day moving average price of $13.47 and a 200-day moving average price of $12.86. The firm has a market cap of $204.70 million, a PE ratio of -135.49 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) last announced its earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The firm had revenue of $23.41 million during the quarter, compared to analyst estimates of $26.65 million.

Hedge Funds Weigh In On SoundThinking

Institutional investors have recently modified their holdings of the stock. Pullen Investment Management LLC grew its holdings in SoundThinking by 61.1% during the fourth quarter. Pullen Investment Management LLC now owns 142,040 shares of the company’s stock worth $1,855,000 after acquiring an additional 53,888 shares during the period. Mackenzie Financial Corp purchased a new stake in SoundThinking in the 4th quarter worth approximately $560,000. Two Sigma Advisers LP boosted its position in SoundThinking by 80.6% in the 4th quarter. Two Sigma Advisers LP now owns 18,600 shares of the company’s stock worth $243,000 after purchasing an additional 8,300 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of SoundThinking by 18.6% during the 4th quarter. Two Sigma Investments LP now owns 48,719 shares of the company’s stock worth $636,000 after purchasing an additional 7,636 shares during the period. Finally, Sherbrooke Park Advisers LLC increased its holdings in shares of SoundThinking by 18.2% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 23,302 shares of the company’s stock valued at $304,000 after purchasing an additional 3,589 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.

Insider Activity

In other 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 value of $68,882.13. Following the sale, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at $6,046,186.14. This represents a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the chief financial officer now owns 138,851 shares in the company, valued at $1,936,971.45. The trade was a 9.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,350 shares of company stock valued at $308,032. Company insiders own 9.20% of the company’s stock.

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.