SoundThinking, Inc. (NASDAQ:SSTI – Get Free Report) has earned an average rating of “Buy” from the five brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is $20.80.
Several research firms have recently weighed in on SSTI. Wall Street Zen downgraded shares of SoundThinking from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Lake Street Capital decreased their price target on shares of SoundThinking from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th.
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SoundThinking Price Performance
Shares of NASDAQ:SSTI opened at $12.47 on Wednesday. The business has a 50 day simple moving average of $12.40 and a two-hundred day simple moving average of $14.60. SoundThinking has a 1 year low of $9.33 and a 1 year high of $19.43. The firm has a market capitalization of $159.49 million, a PE ratio of -15.78 and a beta of 1.16.
SoundThinking (NASDAQ:SSTI – Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.15). SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. The company had revenue of $25.89 million for the quarter, compared to the consensus estimate of $26.61 million. SoundThinking has set its FY 2025 guidance at EPS. Equities research analysts expect that SoundThinking will post -0.42 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Ralph A. Clark sold 16,161 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 588,638 shares of the company’s stock, valued at $6,945,928.40. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 18,925 shares of company stock valued at $223,967 over the last ninety days. Insiders own 10.40% of the company’s stock.
Hedge Funds Weigh In On SoundThinking
A number of large investors have recently bought and sold shares of SSTI. Yost Capital Management LP bought a new position in SoundThinking in the second quarter worth approximately $2,350,000. Wasatch Advisors LP raised its stake in SoundThinking by 42.9% in the second quarter. Wasatch Advisors LP now owns 534,237 shares of the company’s stock worth $6,974,000 after buying an additional 160,451 shares in the last quarter. Samjo Management LLC bought a new position in SoundThinking in the first quarter worth approximately $1,085,000. Pullen Investment Management LLC raised its stake in SoundThinking by 61.1% in the fourth quarter. Pullen Investment Management LLC now owns 142,040 shares of the company’s stock worth $1,855,000 after buying an additional 53,888 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in SoundThinking by 120.1% in the first quarter. Mackenzie Financial Corp now owns 94,362 shares of the company’s stock worth $1,599,000 after buying an additional 51,498 shares in the last quarter. Institutional investors own 60.74% of the company’s stock.
SoundThinking Company Profile
(Get Free Report)
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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