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FREMONT, CA—SoundThinking, Inc. (NASDAQ:SSTI), a $199 million market cap company that has seen its stock surge 19.5% year-to-date, saw a series of stock transactions from Erin Edwards, the company’s Senior Vice President of Sales. According to a recent SEC filing, Edwards sold a total of $16,616 worth of common stock in three separate transactions.
The sales occurred on September 3, December 2, and March 3, with share prices ranging from $12.46 to $16.02. These transactions were primarily executed to cover tax obligations associated with the vesting of restricted stock units.
In addition to these sales, Edwards acquired 18,155 shares on February 28 at no cost, increasing her total holdings to 29,171 shares. This acquisition was part of a scheduled vesting under the company’s equity incentive plan.
Investors will be watching to see how these transactions impact the company’s stock performance in the coming months.
In other recent news, SoundThinking Inc. reported fourth-quarter 2024 earnings that fell short of analyst expectations, with revenue of $23.4 million, below the anticipated $26.92 million. The earnings per share (EPS) was -$0.32, significantly missing the forecasted $0.0043. The shortfall was primarily due to a $3.5 million impact from delayed New York Police Department (NYPD) contracts, one of which has been finalized, with the other expected to be completed soon. Despite these setbacks, SoundThinking has raised its financial outlook for 2025, projecting a 10% revenue growth year-over-year and improved margins.
Additionally, SoundThinking has expanded its ShotSpotter gunshot detection system to Niterói, Brazil, under a three-year, $1.7 million contract. This deployment is set to become operational in the second quarter of 2025 and marks the company’s continued expansion in South America. On the analyst front, Cantor Fitzgerald maintained an Overweight rating with a $20 price target, while Craig-Hallum raised its target to $27, maintaining a Buy rating. The positive outlook reflects confidence in SoundThinking’s growth prospects, particularly with potential contracts in Chicago and ongoing international expansion efforts.
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