SoundThinking (SSTI) Expected to Announce Quarterly Earnings on Tuesday

SoundThinking (NASDAQ:SSTI) is projected to announce its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $26.65 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

SoundThinking Stock Performance

SoundThinking stock opened at $13.56 on Tuesday. SoundThinking has a fifty-two week low of $9.33 and a fifty-two week high of $19.79. The company’s 50-day moving average is $13.09 and its 200-day moving average is $12.79.

Insider Buying and Selling at SoundThinking

In other SoundThinking news, CFO Alan R. Stewart sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.95, for a total value of $209,250.00. Following the completion of the sale, the chief financial officer now owns 138,851 shares of the company’s stock, valued at $1,936,971.45. The trade was a 9.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ralph A. Clark sold 5,933 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $68,882.13. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 24,632 shares of company stock valued at $325,036 in the last ninety days. 9.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SSTI has been the topic of several research analyst reports. JMP Securities dropped their price objective on SoundThinking from $25.00 to $19.00 and set a “market outperform” rating on the stock in a research note on Wednesday, November 13th. Craig Hallum cut their price target on SoundThinking from $17.50 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, Cantor Fitzgerald upgraded shares of SoundThinking to a “strong-buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.20.

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.