Cantor Fitzgerald Forecasts SoundThinking FY2025 Earnings

SoundThinking, Inc. (NASDAQ:SSTI) – Cantor Fitzgerald issued their FY2025 earnings estimates for shares of SoundThinking in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst J. Ruykhaver anticipates that the company will post earnings of ($0.14) per share for the year. Cantor Fitzgerald currently has a “Strong-Buy” rating on the stock. The consensus estimate for SoundThinking’s current full-year earnings is ($0.39) per share.

SoundThinking (NASDAQ:SSTI) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The company had revenue of $26.25 million for the quarter, compared to analysts’ expectations of $26.20 million. SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. During the same period last year, the company posted ($0.09) EPS.

SSTI has been the subject of several other reports. JMP Securities reduced their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. Craig Hallum decreased their price objective on shares of SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.20.

SoundThinking Trading Down 0.6 %

SSTI opened at $13.03 on Wednesday. The stock has a fifty day simple moving average of $12.77 and a two-hundred day simple moving average of $12.80. The company has a market cap of $164.05 million, a price-to-earnings ratio of -108.57 and a beta of 1.18. SoundThinking has a 12-month low of $9.33 and a 12-month high of $22.57.

Insider Transactions at SoundThinking

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the sale, the chief financial officer now directly owns 138,851 shares in the company, valued at $1,936,971.45. This trade represents a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $11.61, for a total value of $68,882.13. Following the transaction, the chief executive officer now owns 520,774 shares in the company, valued at approximately $6,046,186.14. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,621 shares of company stock valued at $336,458. 9.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSTI. Kopion Asset Management LLC increased its holdings in SoundThinking by 24.2% in the 4th quarter. Kopion Asset Management LLC now owns 727,144 shares of the company’s stock worth $9,497,000 after buying an additional 141,630 shares during the period. Disciplined Growth Investors Inc. MN purchased a new position in shares of SoundThinking during the third quarter worth $5,354,000. Rice Hall James & Associates LLC lifted its position in SoundThinking by 56.6% during the third quarter. Rice Hall James & Associates LLC now owns 362,144 shares of the company’s stock valued at $4,197,000 after purchasing an additional 130,913 shares during the period. State Street Corp boosted its holdings in SoundThinking by 4.3% in the third quarter. State Street Corp now owns 197,024 shares of the company’s stock valued at $2,284,000 after purchasing an additional 8,078 shares during the last quarter. Finally, Pullen Investment Management LLC grew its position in SoundThinking by 70.0% during the 3rd quarter. Pullen Investment Management LLC now owns 88,152 shares of the company’s stock worth $1,022,000 after purchasing an additional 36,290 shares during the period. Hedge funds and other institutional investors own 60.74% of the company’s stock.

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.