SoundThinking (SSTI) Set to Announce Earnings on Tuesday

SoundThinking (NASDAQ:SSTI - Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

SoundThinking (NASDAQ:SSTI - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. SoundThinking had a negative return on equity of 8.44% and a negative net margin of 1.85%. The company had revenue of $26.96 million for the quarter, compared to analyst estimates of $25.60 million. On average, analysts expect SoundThinking to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SoundThinking Trading Up 3.4 %

NASDAQ:SSTI traded up $0.33 during midday trading on Tuesday, hitting $10.17. 98,684 shares of the company traded hands, compared to its average volume of 60,286. The firm's fifty day moving average is $12.15 and its 200-day moving average is $13.29. SoundThinking has a 12-month low of $9.33 and a 12-month high of $26.92. The firm has a market capitalization of $130.00 million, a P/E ratio of -62.50 and a beta of 1.17.

Insider Transactions at SoundThinking

In related news, CEO Ralph A. Clark sold 6,479 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total transaction of $88,373.56. Following the completion of the sale, the chief executive officer now directly owns 529,894 shares in the company, valued at $7,227,754.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other SoundThinking news, CEO Ralph A. Clark sold 6,479 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $13.64, for a total value of $88,373.56. Following the completion of the sale, the chief executive officer now directly owns 529,894 shares in the company, valued at approximately $7,227,754.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ralph A. Clark sold 5,591 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $14.36, for a total value of $80,286.76. Following the completion of the sale, the chief executive officer now owns 536,373 shares of the company's stock, valued at approximately $7,702,316.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,327 shares of company stock valued at $199,955. 9.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Craig Hallum cut their price objective on SoundThinking from $19.00 to $17.50 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $20.00 price objective on shares of SoundThinking in a research report on Friday, September 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.13.

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.