SoundThinking (NASDAQ:SSTI) Earns Sell (D-) Rating from Weiss Ratings

SoundThinking (NASDAQ:SSTI)‘s stock had its “sell (d-)” rating reiterated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Several other research analysts have also issued reports on the company. Lake Street Capital reduced their price target on SoundThinking from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Zacks Research upgraded SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Wall Street Zen lowered SoundThinking from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.80.

SoundThinking Stock Down 5.7%

NASDAQ:SSTI opened at $10.43 on Friday. SoundThinking has a 12-month low of $9.33 and a 12-month high of $19.43. The firm has a market capitalization of $133.40 million, a P/E ratio of -13.20 and a beta of 1.18. The stock’s fifty day simple moving average is $12.07 and its 200-day simple moving average is $13.61.

SoundThinking (NASDAQ:SSTI) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.15). SoundThinking had a negative return on equity of 13.76% and a negative net margin of 9.74%.The company had revenue of $25.89 million during the quarter, compared to the consensus estimate of $26.61 million. SoundThinking has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that SoundThinking will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In other SoundThinking news, CEO Ralph A. Clark sold 16,161 shares of SoundThinking stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $11.80, for a total transaction of $190,699.80. Following the transaction, the chief executive officer directly owned 588,638 shares in the company, valued at approximately $6,945,928.40. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 18,925 shares of company stock worth $223,967 in the last 90 days. Insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kopion Asset Management LLC raised its stake in shares of SoundThinking by 8.9% in the 3rd quarter. Kopion Asset Management LLC now owns 638,938 shares of the company’s stock valued at $7,706,000 after purchasing an additional 52,286 shares during the period. Wasatch Advisors LP raised its stake in shares of SoundThinking by 42.9% in the 2nd quarter. Wasatch Advisors LP now owns 534,237 shares of the company’s stock valued at $6,974,000 after purchasing an additional 160,451 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of SoundThinking by 5.6% in the 1st quarter. Rice Hall James & Associates LLC now owns 420,187 shares of the company’s stock valued at $7,122,000 after purchasing an additional 22,459 shares during the period. Harvey Partners LLC raised its stake in shares of SoundThinking by 3.0% in the 2nd quarter. Harvey Partners LLC now owns 277,107 shares of the company’s stock valued at $3,618,000 after purchasing an additional 8,107 shares during the period. Finally, Yost Capital Management LP acquired a new stake in shares of SoundThinking in the 2nd quarter valued at about $2,350,000. 60.74% of the stock is currently owned by institutional investors.

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.