SoundThinking (NASDAQ:SSTI) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of SoundThinking (NASDAQ:SSTI) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $20.00 target price on the stock. Cantor Fitzgerald also issued estimates for SoundThinking’s FY2025 earnings at ($0.43) EPS.

Other research analysts have also recently issued reports about the stock. Craig Hallum raised shares of SoundThinking from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. JMP Securities decreased their price objective on shares of SoundThinking from $25.00 to $19.00 and set a “market outperform” rating for the company in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.20.

SoundThinking Price Performance

NASDAQ:SSTI opened at $16.43 on Wednesday. SoundThinking has a one year low of $9.33 and a one year high of $18.38. The company’s 50-day simple moving average is $13.47 and its 200 day simple moving average is $12.86. The firm has a market capitalization of $206.84 million, a P/E ratio of -136.91 and a beta of 1.18.

SoundThinking (NASDAQ:SSTI) last issued its earnings results on Tuesday, February 25th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The firm had revenue of $23.41 million during the quarter, compared to analysts’ expectations of $26.65 million. SoundThinking had a negative return on equity of 8.74% and a negative net margin of 1.39%. On average, equities research analysts expect that SoundThinking will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at SoundThinking

In other SoundThinking news, CEO Ralph A. Clark sold 5,933 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $11.61, for a total value of $68,882.13. Following the completion of the transaction, the chief executive officer now directly owns 520,774 shares in the company, valued at $6,046,186.14. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Alan R. Stewart sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $13.95, for a total transaction of $209,250.00. Following the completion of the transaction, the chief financial officer now owns 138,851 shares of the company’s stock, valued at approximately $1,936,971.45. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,350 shares of company stock valued at $308,032. Insiders own 9.20% of the company’s stock.

Hedge Funds Weigh In On SoundThinking

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pullen Investment Management LLC boosted its position in shares of SoundThinking by 61.1% during the fourth quarter. Pullen Investment Management LLC now owns 142,040 shares of the company’s stock worth $1,855,000 after acquiring an additional 53,888 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of SoundThinking in the fourth quarter valued at $560,000. Two Sigma Advisers LP raised its stake in shares of SoundThinking by 80.6% in the fourth quarter. Two Sigma Advisers LP now owns 18,600 shares of the company’s stock valued at $243,000 after acquiring an additional 8,300 shares during the period. Two Sigma Investments LP raised its stake in shares of SoundThinking by 18.6% in the fourth quarter. Two Sigma Investments LP now owns 48,719 shares of the company’s stock valued at $636,000 after acquiring an additional 7,636 shares during the period. Finally, Sherbrooke Park Advisers LLC increased its stake in SoundThinking by 18.2% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 23,302 shares of the company’s stock worth $304,000 after buying an additional 3,589 shares during the period. 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.