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

SoundThinking (NASDAQ:SSTI) announced its earnings results on Tuesday. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.30), Zacks reports. 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 Price Performance

SSTI stock traded down $0.52 during midday trading on Tuesday, hitting $13.68. The company’s stock had a trading volume of 63,824 shares, compared to its average volume of 45,136. The company’s fifty day moving average price is $13.28 and its 200 day moving average price is $12.81. SoundThinking has a twelve month low of $9.33 and a twelve month high of $18.70. The stock has a market capitalization of $172.22 million, a P/E ratio of -113.99 and a beta of 1.18.

Insider Transactions at SoundThinking

In related news, CFO Alan R. Stewart sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. This represents a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,632 shares of company stock worth $325,036 in the last three months. Insiders own 9.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SSTI shares. Craig Hallum upgraded shares of SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Cantor Fitzgerald raised SoundThinking to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, 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 report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average 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.