SoundThinking (SSTI) Expected to Announce Quarterly Earnings on Tuesday

SoundThinking (NASDAQ:SSTI - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $26.65 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

SoundThinking Stock Down 4.4 %

Shares of SSTI traded down $0.67 during mid-day trading on Friday, reaching $14.45. The company's stock had a trading volume of 37,851 shares, compared to its average volume of 44,810. The business has a fifty day moving average of $13.24 and a 200 day moving average of $12.84. The company has a market cap of $181.93 million, a price-to-earnings ratio of -120.41 and a beta of 1.18. SoundThinking has a 1 year low of $9.33 and a 1 year high of $18.70.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SSTI shares. JMP Securities reduced their target price on SoundThinking from $25.00 to $19.00 and set a "market outperform" rating for the company in a report on Wednesday, November 13th. Cantor Fitzgerald upgraded SoundThinking to a "strong-buy" rating in a report on Thursday, November 14th. Finally, Craig Hallum upgraded SoundThinking from a "hold" rating to a "buy" rating in a report on Tuesday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $21.20.

Insider Transactions at SoundThinking

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of the 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 transaction, the chief financial officer now directly owns 138,851 shares of the company's stock, valued at $1,936,971.45. This represents a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of the 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 transaction, the chief executive officer now directly owns 520,774 shares in the company, valued at $6,046,186.14. The trade was a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,632 shares of company stock valued at $325,036. 9.20% of the stock is owned by insiders.

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.