Soundthinking CEO Ralph Clark sells $20,518 in inventory

Ralph A. Clark, the President and CEO of SoundThinking, Inc. (NASDAQ:SSTI), just lately offered 1,678 shares of the corporate’s widespread inventory. The shares had been offered at costs starting from $12.21 to $12.59, totaling roughly $20,518. The transaction occurred because the inventory trades close to its 52-week low of $9.33, with InvestingPro evaluation indicating the corporate is presently undervalued. Following the transaction, Clark retains possession of 526,707 shares within the firm. This sale was made to cowl tax obligations and associated charges related to the vesting of restricted inventory models. Regardless of latest market challenges, InvestingPro knowledge reveals administration’s confidence via aggressive share buybacks, whereas sustaining a powerful stability sheet with extra cash than debt. Entry detailed insights and 10 further ProTips for SSTI via the great Professional Analysis Report.

In different latest information, SoundThinking, Inc. has disclosed the upcoming departure of Pascal Levensohn, the Chair of the Board of Administrators. This resolution, not because of disagreements with the corporate’s operations, insurance policies, or practices, will take impact following the 2025 Annual Assembly of Stockholders. SoundThinking has seen spectacular income development, with a 19.4% improve within the final twelve months, producing over $104 million in income. The corporate reported regular development in Q3, with a ten% rise in income to $26.3 million, and an 18% improve in year-to-date revenues to $78.6 million.

Craig-Hallum adjusted the worth goal for SoundThinking from $17.50 to $16.00, sustaining a Maintain score on the inventory. This adjustment got here after the corporate’s combined third-quarter outcomes and the potential delay within the extension of the New York Metropolis contract. Regardless of these challenges, SoundThinking tasks its 2025 income to be between $107 million and $109 million, with adjusted EBITDA margins forecasted at 19% to 21%.

In anticipation of the board emptiness, SoundThinking’s Nominating and Company Governance Committee has engaged a search agency to establish appropriate candidates. 4 analysts have just lately revised their earnings expectations upward for the upcoming interval, suggesting constructive sentiment in regards to the firm’s future course. These are among the many latest developments at SoundThinking.

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