SOUNDTHINKING, INC.
SSTI · Services-Prepackaged Software · 13.0M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$4M (gross $6M, SBC $10M)
Reference price $7.14 · est. market cap ~$93M — last insider purchase, 2026-02-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Public-safety SaaS (ShotSpotter) with a net loss and very weak liquidity, dependent on municipal funding.
Strengths
- Positive FCF — $4.9M (16th)
- Healthy gross margin — 54.4%
Risks
- Net loss — operating margin -8.4%, net margin -9.0%, ROE -13.1%
- Very weak liquidity — current ratio 0.85 (10th)
- Municipal-funding/contract-renewal dependence per risk factors — per 10-K
Notable findings
- Material weakness• We identified material weaknesses in our internal control over financial reporting as of December 31, 2025
- Net lossNet loss (net margin -9.0%)
- Weak liquidityCurrent ratio 0.85 (<1)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Insider buyingInsider buying — 15 open-market buy(s) by 1 insider(s) (~$5M, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, RENAISSANCE TECHNOLOGIES LLC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
54.4%
Operating margin
-8.4%
Net margin
-9.0%
Return on equity
-13.1%
Return on assets
-6.9%
Revenue growth (QoQ)
-2.5%
Current ratio
0.8×
Free cash flow
$5M
Tangible book value
$9M
Cash & investments
$16M
Stock comp / revenue
11.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Arthur Kirk | Tax withheld | 1.4K | $7.51 |
| 2026-06-03 | Morial Marc | Grant | 18K | — |
| 2026-06-03 | Goldfield Burton M. | Grant | 18K | — |
| 2026-06-03 | Jacobson Roberta S. | Grant | 18K | — |
| 2026-06-03 | BRATTON WILLIAM J. | Grant | 18K | — |
| 2026-06-03 | Grant Deborah A | Grant | 20K | — |
| 2026-06-03 | Sharma Ruby | Grant | 18K | — |
| 2026-06-01 | Jochim David | Grant | 36K | — |
| 2026-05-19 | Stewart Alan R. | Grant | 75K | — |
| 2026-05-19 | Arthur Kirk | Grant | 56K | — |
| 2026-05-19 | Clark Ralph A. | Grant | 240K | — |
| 2026-03-20 | Veradace Partners LP | Option exercise | 50K | $7.50 |
| 2026-03-06 | Golzadeh Nasim | Tax withheld | 2.5K | $6.66 |
| 2026-02-24 | Veradace Partners LP | Buy | 16K | $7.14 |
| 2026-02-23 | Veradace Partners LP | Buy | 7.0K | $7.04 |
| 2026-02-19 | Veradace Partners LP | Buy | 8.7K | $7.07 |
| 2026-02-18 | Veradace Partners LP | Buy | 106K | $7.14 |
| 2026-02-17 | Veradace Partners LP | Buy | 31K | $7.41 |
| 2026-02-13 | Veradace Partners LP | Buy | 15K | $7.64 |
| 2026-02-12 | Veradace Partners LP | Buy | 79K | $7.03 |
| 2026-02-11 | Veradace Partners LP | Buy | 101K | $7.03 |
| 2026-02-10 | Veradace Partners LP | Buy | 11K | $7.29 |
| 2026-02-09 | Veradace Partners LP | Buy | 4.2K | $6.95 |
| 2026-02-06 | Veradace Partners LP | Buy | 105K | $6.84 |
| 2026-02-05 | Veradace Partners LP | Buy | 17K | $7.04 |
| 2026-02-04 | Veradace Partners LP | Buy | 10K | $7.23 |
| 2026-02-03 | Veradace Partners LP | Buy | 188K | $6.80 |
| 2026-02-02 | Veradace Partners LP | Buy | 19K | $7.07 |
| 2025-12-01 | Golzadeh Nasim | Sell | 2.3K | $6.03 |
| 2025-11-18 | Golzadeh Nasim | Sell | 461 | $6.10 |
| 2025-09-04 | Golzadeh Nasim | Sell | 231 | $11.80 |
| 2025-09-04 | Clark Ralph A. | Sell | 1.9K | $11.80 |
| 2025-09-03 | Golzadeh Nasim | Sell | 977 | $11.81 |
| 2025-09-03 | Clark Ralph A. | Sell | 7.9K | $11.81 |
| 2025-09-02 | Clark Ralph A. | Sell | 16K | $11.80 |
| 2025-09-02 | Clark Ralph A. | Sell | 6.4K | $11.79 |
| 2025-09-02 | Golzadeh Nasim | Sell | 786 | $11.79 |
| 2025-09-02 | Golzadeh Nasim | Sell | 2.0K | $11.80 |
| 2025-08-28 | Golzadeh Nasim | Sell | 345 | $12.57 |
| 2025-08-18 | Golzadeh Nasim | Sell | 425 | $12.71 |
| 2025-06-04 | Jacobson Roberta S. | Grant | 8.1K | — |
| 2025-06-04 | Morial Marc | Grant | 8.1K | — |
| 2025-06-04 | Goldfield Burton M. | Grant | 8.1K | — |
| 2025-06-04 | Grant Deborah A | Grant | 9.1K | — |
| 2025-06-04 | BRATTON WILLIAM J. | Grant | 8.1K | — |
| 2025-06-04 | Sharma Ruby | Grant | 8.1K | — |
| 2025-06-02 | Edwards Erin | Sell | 881 | $15.46 |
| 2025-06-02 | Golzadeh Nasim | Sell | 1.8K | $15.46 |
| 2025-05-28 | Golzadeh Nasim | Sell | 347 | $14.59 |
| 2025-05-20 | Golzadeh Nasim | Sell | 437 | $15.00 |
| 2025-05-16 | Goldfield Burton M. | Buy | 14K | $15.10 |
| 2025-04-17 | Goldfield Burton M. | Grant | 1.1K | — |
| 2025-03-12 | Golzadeh Nasim | Sell | 6.7K | $15.28 |
| 2025-03-11 | Golzadeh Nasim | Sell | 163 | $15.31 |
| 2025-03-03 | Clark Ralph A. | Sell | 28K | $15.50 |
| 2025-03-03 | Edwards Erin | Sell | 427 | $15.97 |
| 2025-03-03 | Golzadeh Nasim | Sell | 1.5K | $16.10 |
| 2025-02-28 | Golzadeh Nasim | Grant | 36K | — |
| 2025-02-28 | Stewart Alan R. | Grant | 36K | — |
| 2025-02-28 | Stewart Alan R. | Sell | 5.0K | $16.22 |
| 2025-02-28 | Stewart Alan R. | Sell | 4.8K | $16.11 |
| 2025-02-28 | Edwards Erin | Grant | 18K | — |
| 2025-02-28 | Clark Ralph A. | Grant | 116K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-04 | 2026-06-03 | 0001351636-26-000009 ↗ |
| 10-Q | 2026-05-15 | 2026-03-31 | 0001351636-26-000006 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001351636-26-000004 ↗ |
| 10-K | 2026-03-30 | 2025-12-31 | 0001193125-26-132104 ↗ |
| 8-K | 2026-03-10 | 2026-03-10 | 0001193125-26-100224 ↗ |
| 8-K | 2026-03-03 | 2025-02-25 | 0001193125-26-088211 ↗ |
| 10-Q | 2025-11-13 | 2025-09-30 | 0001193125-25-280214 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0001193125-25-277575 ↗ |
| 8-K | 2025-09-03 | 2025-08-28 | 0000950170-25-112829 ↗ |
| 10-Q | 2025-08-13 | 2025-06-30 | 0000950170-25-108070 ↗ |
| 8-K | 2025-08-12 | 2025-08-12 | 0000950170-25-107319 ↗ |
| 8-K | 2025-06-05 | 2025-06-04 | 0000950170-25-082331 ↗ |