SoundThinking, Inc. (NASDAQ:SSTI - Free Report) - Analysts at Northland Capmk lowered their Q2 2025 earnings estimates for SoundThinking in a report released on Tuesday, July 15th. Northland Capmk analyst M. Latimore now expects that the company will earn ($0.07) per share for the quarter, down from their prior forecast of ($0.03). The consensus estimate for SoundThinking's current full-year earnings is ($0.42) per share. Northland Capmk also issued estimates for SoundThinking's FY2025 earnings at ($0.15) EPS.
Other equities analysts also recently issued research reports about the company. Roth Mkm reaffirmed a "buy" rating and set a $30.00 price target on shares of SoundThinking in a research report on Wednesday, May 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $20.00 price objective on shares of SoundThinking in a report on Wednesday, May 14th. Finally, Lake Street Capital increased their price objective on SoundThinking from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $21.00.
Read Our Latest Report on SoundThinking
SoundThinking Trading Up 4.7%
Shares of NASDAQ:SSTI opened at $12.80 on Friday. The stock has a market capitalization of $162.18 million, a P/E ratio of -20.98 and a beta of 1.22. SoundThinking has a 1-year low of $9.33 and a 1-year high of $19.43. The business has a 50-day moving average price of $14.89 and a two-hundred day moving average price of $14.98.
SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The company had revenue of $28.35 million for the quarter, compared to the consensus estimate of $26.91 million. SoundThinking had a negative net margin of 7.39% and a negative return on equity of 10.77%.
Hedge Funds Weigh In On SoundThinking
Large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SoundThinking by 29.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,733 shares of the company's stock valued at $924,000 after purchasing an additional 15,943 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of SoundThinking during the 4th quarter valued at $228,000. JPMorgan Chase & Co. increased its position in shares of SoundThinking by 18.5% during the 4th quarter. JPMorgan Chase & Co. now owns 66,429 shares of the company's stock valued at $868,000 after purchasing an additional 10,357 shares during the last quarter. Geode Capital Management LLC increased its position in shares of SoundThinking by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 216,121 shares of the company's stock valued at $2,823,000 after purchasing an additional 2,547 shares during the last quarter. Finally, Trexquant Investment LP increased its position in shares of SoundThinking by 3.2% during the 4th quarter. Trexquant Investment LP now owns 56,422 shares of the company's stock valued at $737,000 after purchasing an additional 1,745 shares during the last quarter. 60.74% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, insider Nasim Golzadeh sold 1,809 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $15.46, for a total transaction of $27,967.14. Following the completion of the sale, the insider owned 94,134 shares of the company's stock, valued at $1,455,311.64. This trade represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 3,474 shares of company stock worth $53,205. Corporate insiders own 9.20% 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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