SoundThinking (SSTI) Scheduled to Post Quarterly Earnings on Tuesday

SoundThinking (NASDAQ:SSTI) will announce its earnings results after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. SoundThinking has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

SoundThinking (NASDAQ:SSTI) last released its earnings results on Tuesday, February 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.14). The company had revenue of $26.05 million for the quarter, compared to analyst estimates of $25.97 million. SoundThinking had a negative net margin of 2.93% and a negative return on equity of 11.69%. On average, analysts expect SoundThinking to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SoundThinking Price Performance

Shares of NASDAQ SSTI opened at $13.50 on Tuesday. The company’s fifty day simple moving average is $15.15 and its 200 day simple moving average is $19.13. SoundThinking has a 12-month low of $12.98 and a 12-month high of $31.06.

Insider Transactions at SoundThinking

In related news, CEO Ralph A. Clark sold 2,034 shares of SoundThinking stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $16.42, for a total value of $33,398.28. Following the completion of the sale, the chief executive officer now owns 543,857 shares of the company’s stock, valued at approximately $8,930,131.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 3,296 shares of company stock valued at $54,459 over the last ninety days. 7.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reissued an “overweight” rating and set a $25.00 price objective on shares of SoundThinking in a research report on Friday, March 15th.

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.