Nasim Golzadeh, an executive at SoundThinking, Inc. (NASDAQ:SSTI), a $169 million market cap company currently trading at $13.39, recently sold 347 shares of common stock, according to a recent SEC filing. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimate. The shares were sold at prices ranging from $13.14 to $13.27, totaling approximately $4,560. Following this transaction, Golzadeh holds 67,319 shares directly. This sale was part of a prior election to cover tax obligations associated with the vesting of restricted stock units. The company maintains a strong financial position with more cash than debt on its balance sheet, and InvestingPro data shows a "GOOD" overall Financial Health score. For deeper insights into insider transactions and comprehensive financial analysis, including 10+ additional ProTips, check out the full Pro Research Report available on InvestingPro.
In other recent news, SoundThinking, Inc. has disclosed the upcoming departure of Pascal Levensohn, the Chair of the Board of Directors. The decision, which is not due to company disagreements, will see Levensohn fulfill his duties until the 2025 Annual Meeting of Stockholders. The company's Nominating and Corporate Governance Committee is already seeking suitable candidates for the soon-to-be-open board position.
SoundThinking has reported a 10% rise in Q3 revenue to $26.3 million, with a 19.4% increase in revenue over the last twelve months, generating over $104 million. The company's Q3 gross profit hit 58% of revenue, or $15.2 million, with an adjusted EBITDA of $4.5 million. Analysts at Craig-Hallum have adjusted the price target for SoundThinking from $17.50 to $16.00, maintaining a Hold rating on the stock.
SoundThinking projects its 2025 revenue to be between $107 million and $109 million, with adjusted EBITDA margins forecasted at 19% to 21%. Despite a slight miss on adjusted EBITDA due to lower gross margins, the company maintains a positive outlook and has reaffirmed its full-year 2024 guidance. These recent developments underscore the company's potential for sustained growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.