SoundThinking (NASDAQ:SSTI) Announces Earnings Results, Misses Estimates By $0.09 EPS

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

SoundThinking Stock Performance

Shares of SoundThinking stock opened at $7.24 on Friday. The firm has a 50-day moving average of $11.02 and a 200-day moving average of $12.93. SoundThinking has a 52-week low of $6.29 and a 52-week high of $19.43. The stock has a market cap of $92.61 million, a PE ratio of -9.16 and a beta of 1.17.

Wall Street Analysts Forecast Growth

SSTI has been the topic of a number of research analyst reports. Zacks Research upgraded SoundThinking from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Cantor Fitzgerald decreased their price objective on shares of SoundThinking from $20.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday. Craig Hallum lowered shares of SoundThinking from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research report on Thursday. Roth Capital reaffirmed a “buy” rating and set a $20.00 target price (down previously from $30.00) on shares of SoundThinking in a report on Thursday. Finally, Wall Street Zen lowered shares of SoundThinking from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.67.

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 shares were sold at an average price of $11.80, for a total value of $190,699.80. Following the completion of the sale, the chief executive officer owned 588,638 shares in the company, valued at $6,945,928.40. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 18,925 shares of company stock valued at $223,967. 10.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its position in shares of 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 buying an additional 980 shares in the last quarter. BNP Paribas Financial Markets increased its stake in SoundThinking by 160.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,740 shares of the company’s stock worth $33,000 after acquiring an additional 1,688 shares during the period. State of Wyoming acquired a new position in SoundThinking in the 2nd quarter valued at $33,000. JPMorgan Chase & Co. raised its holdings in SoundThinking by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 47,346 shares of the company’s stock valued at $571,000 after acquiring an additional 3,330 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of SoundThinking by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 184,182 shares of the company’s stock valued at $2,221,000 after acquiring an additional 3,771 shares during the period. 60.74% of the stock is 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.