SoundThinking (NASDAQ:SSTI - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $23.41 million during the quarter, compared to the consensus estimate of $26.65 million. SoundThinking updated its FY 2025 guidance to EPS.
SoundThinking Price Performance
Shares of SoundThinking stock traded up $0.17 during midday trading on Friday, hitting $16.43. The company had a trading volume of 115,641 shares, compared to its average volume of 50,852. The business's 50 day simple moving average is $13.47 and its two-hundred day simple moving average is $12.86. The stock has a market cap of $206.84 million, a PE ratio of -136.91 and a beta of 1.18. SoundThinking has a 1-year low of $9.33 and a 1-year high of $18.38.
Insiders Place Their Bets
In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of SoundThinking 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ralph A. Clark sold 5,933 shares of SoundThinking stock in a transaction on Monday, December 16th. The stock was 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 in the company, valued at $6,046,186.14. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,350 shares of company stock worth $308,032 over the last 90 days. Corporate insiders own 9.20% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $20.00 price target on shares of SoundThinking in a research report on Wednesday. Craig Hallum upgraded shares of SoundThinking from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Finally, JMP Securities lowered their price objective on shares of SoundThinking from $25.00 to $19.00 and set a "market outperform" rating on the stock in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.20.
View Our Latest Research Report on SSTI
SoundThinking Company Profile
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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.
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