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Nasim Golzadeh, MD TechnoLogic and EVP of Investigative Solutions at SoundThinking, Inc. (NASDAQ:SSTI), recently sold shares of the company. According to a Form 4 filing with the Securities and Exchange Commission, Golzadeh sold a total of 6,815 shares over two consecutive days. The transaction comes as SoundThinking shows mixed performance, with the stock up 19% over the past six months despite posting a loss of $0.72 per share in the last twelve months.
On March 11, Golzadeh sold 163 shares at a weighted average price of $15.3067, with the prices ranging from $15.30 to $15.51. The following day, March 12, an additional 6,652 shares were sold at a weighted average price of $15.2812, with prices ranging from $15.19 to $15.425. The total value of these transactions amounted to $104,145. According to InvestingPro data, the company currently has a market capitalization of $185.6 million, with analysts setting price targets between $18 and $30.
Following these sales, Golzadeh holds 94,600 shares of SoundThinking. The sales were made to cover applicable tax withholding obligations realized upon the vesting of restricted stock units, as well as any related brokerage commission fees. While the company maintains strong revenue growth of 10%, InvestingPro analysis reveals several additional key metrics and insights available to subscribers, including the company’s Fair Value estimate and comprehensive financial health assessment.
In other recent news, SoundThinking has reported its fourth-quarter earnings for 2024, which fell short of analyst expectations. The company posted an earnings per share (EPS) of -$0.32, significantly below the forecasted $0.0043, and revenue of $23.4 million, which was less than the anticipated $26.92 million. The shortfall was attributed to a $3.5 million delay in contract renewals with the New York Police Department (NYPD). Despite these challenges, SoundThinking has increased its financial outlook for 2025, projecting a 10% year-over-year revenue growth and improved margins. In terms of market activity, Cantor Fitzgerald maintained an Overweight rating on the stock with a $20 target, while Craig-Hallum raised its target to $27, maintaining a Buy rating. SoundThinking has also expanded its ShotSpotter technology to Niterói, Brazil, under a three-year contract valued at $1.7 million, continuing its international growth strategy. JMP Securities reiterated its Market Outperform rating with a $19 target, citing the company’s strong market position and growth potential in the gunshot detection market.
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