SoundThinking's (SSTI) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• SoundThinking's stock (SSTI) received a "sell (D-)" rating reaffirmed by Weiss Ratings, amidst mixed ratings from other analysts including a "buy" rating from Lake Street Capital.
• The company reported a quarterly earnings miss, with an EPS of ($0.24), falling short of analysts' expectations of ($0.09) and revealing a net margin of -9.74%.
• Insider trading activity showed CEO Ralph A. Clark sold 16,161 shares, indicating a 2.67% decrease in his holdings, while institutional investors now own approximately 60.74% of the company's stock.

SoundThinking (NASDAQ:SSTI - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

SSTI has been the topic of a number of other research reports. Lake Street Capital cut their price objective on shares of SoundThinking from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen cut shares of SoundThinking from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SoundThinking currently has a consensus rating of "Moderate Buy" and an average price target of $20.80.

SoundThinking Trading Up 0.2%

Shares of SSTI opened at $12.00 on Wednesday. The stock has a market capitalization of $153.48 million, a P/E ratio of -15.19 and a beta of 1.18. The firm's fifty day simple moving average is $12.14 and its two-hundred day simple moving average is $14.12. SoundThinking has a 12 month low of $9.33 and a 12 month high of $19.43.

SoundThinking (NASDAQ:SSTI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.15). The firm had revenue of $25.89 million for the quarter, compared to the consensus estimate of $26.61 million. SoundThinking had a negative net margin of 9.74% and a negative return on equity of 13.76%. SoundThinking has set its FY 2025 guidance at EPS. As a group, research analysts predict that SoundThinking will post -0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ralph A. Clark sold 16,161 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $11.80, for a total value of $190,699.80. Following the transaction, the chief executive officer owned 588,638 shares of the company's stock, valued at approximately $6,945,928.40. This trade represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 18,925 shares of company stock valued at $223,967. 10.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SoundThinking

Several large investors have recently added to or reduced their stakes in SSTI. Yost Capital Management LP bought a new position in SoundThinking in the 2nd quarter valued at about $2,350,000. Wasatch Advisors LP increased its stake in SoundThinking by 42.9% in the 2nd quarter. Wasatch Advisors LP now owns 534,237 shares of the company's stock valued at $6,974,000 after buying an additional 160,451 shares during the last quarter. Samjo Management LLC purchased a new stake in SoundThinking in the 1st quarter valued at about $1,085,000. Mackenzie Financial Corp increased its stake in SoundThinking by 120.1% in the 1st quarter. Mackenzie Financial Corp now owns 94,362 shares of the company's stock valued at $1,599,000 after buying an additional 51,498 shares during the last quarter. Finally, Kopion Asset Management LLC increased its stake in SoundThinking by 8.3% in the 2nd quarter. Kopion Asset Management LLC now owns 586,652 shares of the company's stock valued at $7,659,000 after buying an additional 44,976 shares during the last quarter. 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.

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