SoundThinking, Inc. (NASDAQ:SSTI - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for SoundThinking in a report issued on Monday, June 9th. Cantor Fitzgerald analyst J. Ruykhaver anticipates that the company will post earnings of ($0.02) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $20.00 price target on the stock. The consensus estimate for SoundThinking's current full-year earnings is ($0.42) per share.
SoundThinking (NASDAQ:SSTI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). SoundThinking had a negative net margin of 1.39% and a negative return on equity of 8.74%. The company had revenue of $28.35 million during the quarter, compared to the consensus estimate of $26.91 million.
Several other equities research analysts also recently issued reports on SSTI. Lake Street Capital raised their target price on shares of SoundThinking from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Craig Hallum raised SoundThinking from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Finally, Roth Mkm reiterated a "buy" rating and set a $30.00 target price on shares of SoundThinking in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, SoundThinking presently has an average rating of "Buy" and a consensus price target of $21.00.
Read Our Latest Research Report on SSTI
SoundThinking Price Performance
SSTI stock traded down $0.29 during trading hours on Tuesday, reaching $16.00. The stock had a trading volume of 60,162 shares, compared to its average volume of 61,147. The stock has a market capitalization of $202.77 million, a PE ratio of -133.32 and a beta of 1.28. The stock has a 50-day simple moving average of $15.67 and a 200 day simple moving average of $14.78. SoundThinking has a fifty-two week low of $9.33 and a fifty-two week high of $19.43.
Insider Buying and Selling
In other news, insider Nasim Golzadeh sold 1,809 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $15.46, for a total transaction of $27,967.14. Following the completion of the sale, the insider now owns 94,134 shares in the company, valued at $1,455,311.64. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 3,474 shares of company stock valued at $53,205. Company insiders own 9.20% of the company's stock.
Hedge Funds Weigh In On SoundThinking
A number of large investors have recently made changes to their positions in SSTI. Rice Hall James & Associates LLC boosted its stake in SoundThinking by 9.8% in the 4th quarter. Rice Hall James & Associates LLC now owns 397,728 shares of the company's stock valued at $5,194,000 after purchasing an additional 35,584 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of SoundThinking in the fourth quarter valued at about $329,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SoundThinking by 29.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,733 shares of the company's stock valued at $924,000 after acquiring an additional 15,943 shares in the last quarter. WINTON GROUP Ltd bought a new position in SoundThinking during the fourth quarter worth about $228,000. Finally, JPMorgan Chase & Co. raised its stake in SoundThinking by 18.5% in the 4th quarter. JPMorgan Chase & Co. now owns 66,429 shares of the company's stock worth $868,000 after purchasing an additional 10,357 shares in the last quarter. Institutional investors own 60.74% of the company's stock.
About SoundThinking
(
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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