SoundThinking (NASDAQ:SSTI) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

SoundThinking (NASDAQ:SSTI) posted its earnings results on Wednesday. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09), FiscalAI reports. The business had revenue of $25.10 million for the quarter, compared to analysts’ expectations of $27.97 million. SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. SoundThinking updated its FY 2025 guidance to EPS.

SoundThinking Price Performance

NASDAQ:SSTI traded up $0.12 during trading hours on Wednesday, reaching $8.43. 102,363 shares of the company were exchanged, compared to its average volume of 64,761. The firm has a market cap of $107.83 million, a price-to-earnings ratio of -10.67 and a beta of 1.17. The stock has a 50 day simple moving average of $11.18 and a 200 day simple moving average of $13.00. SoundThinking has a 52-week low of $7.73 and a 52-week high of $19.43.

Insider Activity at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 16,161 shares of the business’s 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 completion of the sale, the chief executive officer owned 588,638 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 18,925 shares of company stock worth $223,967. Corporate insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On SoundThinking

Several hedge funds and other institutional investors have recently bought and sold shares of SSTI. State of Wyoming acquired a new position in shares of SoundThinking during the second quarter worth $33,000. Strs Ohio acquired a new position in shares of SoundThinking in the first quarter worth about $127,000. Rhumbline Advisers boosted its holdings in SoundThinking by 6.5% in the second quarter. Rhumbline Advisers now owns 15,960 shares of the company’s stock valued at $208,000 after purchasing an additional 980 shares during the last quarter. Marshall Wace LLP acquired a new stake in SoundThinking during the 2nd quarter valued at approximately $245,000. Finally, Corient Private Wealth LLC acquired a new position in shares of SoundThinking in the 2nd quarter valued at approximately $263,000. 60.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSTI has been the topic of several research reports. Zacks Research upgraded shares of SoundThinking from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Wall Street Zen downgraded SoundThinking from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Lake Street Capital reduced their target price on shares of SoundThinking from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SoundThinking in a report on Wednesday, October 8th. Five 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 stock. According to data from MarketBeat.com, SoundThinking has an average rating of “Moderate Buy” and a consensus price target of $20.80.

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.