SoundThinking (NASDAQ:SSTI) Releases Earnings Results, Misses Expectations By $0.30 EPS

SoundThinking (NASDAQ:SSTI) announced its quarterly earnings data 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. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The business had revenue of $23.41 million during the quarter, compared to analyst estimates of $26.65 million. SoundThinking updated its FY 2025 guidance to EPS.

SoundThinking Stock Up 0.5 %

Shares of SSTI traded up $0.09 during trading hours on Thursday, reaching $17.00. The stock had a trading volume of 35,477 shares, compared to its average volume of 47,453. The company has a market cap of $214.01 million, a P/E ratio of -141.65 and a beta of 1.18. SoundThinking has a 52 week low of $9.33 and a 52 week high of $18.39. The firm has a 50-day moving average of $13.39 and a 200 day moving average of $12.83.

Insiders Place Their Bets

In other news, CFO Alan R. Stewart sold 15,000 shares of the firm’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of SoundThinking 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 transaction, the chief executive officer now owns 520,774 shares in the company, valued at $6,046,186.14. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,632 shares of company stock worth $325,036. Corporate insiders own 9.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JMP Securities cut their price target on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research note on Wednesday, November 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 target price on shares of SoundThinking in a research note on Wednesday. Finally, Craig Hallum upgraded SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 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.