Soundthinking executive Golzadeh sells $5,062 in stock

Nasim Golzadeh, an executive at SoundThinking, Inc. (NASDAQ:SSTI), recently sold shares of the company’s common stock, according to a recent filing with the Securities and Exchange Commission. On May 28, Golzadeh sold 347 shares at prices ranging from $14.30 to $14.75, totaling approximately $5,062. This transaction was made to cover tax withholding obligations upon the vesting of restricted stock units, along with any related brokerage commission fees. The company, currently valued at around $195 million, has seen its stock rise nearly 17% over the past six months despite challenging market conditions. According to InvestingPro analysis, the stock appears to be trading below its Fair Value.

Following the sale, Golzadeh holds 95,943 shares, which includes 2,127 shares purchased under SoundThinking’s 2017 Employee Stock Purchase Plan earlier in May. Golzadeh’s role at SoundThinking is as the MD Technogic, EVP Investigative Solutions.

The transaction highlights Golzadeh’s continued involvement with the company while managing personal financial obligations related to stock vesting.

In other recent news, SoundThinking reported strong financial results for the first quarter of 2025, with revenue reaching $28.3 million, surpassing the expected $25.64 million. This represents a 12% increase year-over-year, driven in part by two significant contracts with the New York Police Department that contributed an unexpected $3.5 million to the quarter’s revenue. Despite this revenue success, the company reported an earnings per share (EPS) of -$0.12, which was below the forecasted -$0.10. Cantor Fitzgerald maintained its Overweight rating on SoundThinking, with a price target of $20, acknowledging the company’s solid performance and strategic initiatives in AI and international markets. The firm also slightly adjusted its EBITDA margin outlook, although the specifics were not disclosed. SoundThinking reaffirmed its full-year revenue guidance of $111 million to $113 million, with an expected adjusted EBITDA margin of 20% to 22%. The company is also eyeing potential growth from a Chicago contract bid, which could provide additional upside to its revenue projections.

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