SoundThinking (SSTI) Expected to Announce Earnings on Tuesday

SoundThinking (NASDAQ:SSTI) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect SoundThinking to post earnings of ($0.02) per share and revenue of $26.65 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

SoundThinking Stock Performance

Shares of SSTI opened at $14.45 on Friday. The company’s fifty day moving average is $13.24 and its 200 day moving average is $12.82. SoundThinking has a fifty-two week low of $9.33 and a fifty-two week high of $18.70. The stock has a market capitalization of $181.93 million, a PE ratio of -120.41 and a beta of 1.18.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JMP Securities reduced their price target on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 13th. Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Craig Hallum upgraded shares of SoundThinking from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $21.20.

Insider Buying and Selling at SoundThinking

In other news, CEO Ralph A. Clark sold 5,933 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.61, for a total transaction of $68,882.13. Following the completion of the sale, the chief executive officer now directly owns 520,774 shares of the company’s stock, valued at approximately $6,046,186.14. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alan R. Stewart sold 15,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total transaction of $209,250.00. Following the sale, the chief financial officer now directly owns 138,851 shares of the company’s stock, valued at $1,936,971.45. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,632 shares of company stock worth $325,036 over the last quarter. Insiders own 9.20% 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.