SoundThinking (SSTI) Earnings Announcement Scheduled for November 12

SoundThinking (NASDAQ:SSTI) is set to release its earnings after the market closes on Tuesday, November 12th. Analysts are predicting that the company will report earnings of ($0.08) per share for the quarter. Investors who wish to participate in the earnings conference call can register using this link.

In its last earnings report on Tuesday, August 6th, SoundThinking reported earnings of ($0.07) per share, which exceeded analysts' expectations of ($0.09) by $0.02. The company experienced a negative return on equity of 8.44% and reported a negative net margin of 1.85%. Revenue for the quarter was $26.96 million, surpassing the analyst estimate of $25.60 million. Analysts forecast that SoundThinking will report $0 EPS for both the current and next fiscal years.

SoundThinking Share Performance

On Tuesday, shares of NASDAQ SSTI opened at $9.84. Over the past year, the stock has reached a low of $9.33 and a high of $26.92. The company has a 50-day moving average of $12.26 and a 200-day moving average of $13.31.

Analyst Ratings and Opinions

Several analysts have recently provided reports on SoundThinking. Craig Hallum lowered its price target on the stock from $19.00 to $17.50 and rated it as a "hold" in a report from August 7th. In contrast, Cantor Fitzgerald reiterated an "overweight" rating and set a target price of $20.00 on SoundThinking shares in a report published on September 6th. Currently, two analysts have issued a hold rating, while three have recommended buying the stock. MarketBeat reports that the consensus rating for SoundThinking is "Moderate Buy" with an average price target of $22.13.

Insider Trading Activity

In related news, CEO Ralph A. Clark sold 6,479 shares of the company’s stock on September 3rd, at an average price of $13.64, totaling $88,373.56. After the transaction, he retains ownership of 529,894 shares valued at around $7,227,754.16. This sale represented no significant change in his ownership percentage. Additionally, on August 28th, Clark also sold 5,591 shares at an average price of $14.36, amounting to $80,286.76. After this sale, he owned 536,373 shares worth approximately $7,702,316.28. In total, insiders have sold 14,327 shares over the last three months, amounting to $199,955, with corporate insiders holding about 9.20% of the stock.

Company Overview

SoundThinking, Inc. is a public safety technology firm that provides innovative solutions and strategic advisory services for law enforcement and civic leaders. Its signature product, the SafetySmart Platform, is an integrated suite of data-driven tools that aims to enhance the effectiveness of law enforcement and health organizations in maintaining public safety.

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SoundThinking, Earnings, NASDAQ