SoundThinking, Inc.

NasdaqCM:SSTI Stock Report

Market Cap: US$107.5m

SoundThinking Management

Management criteria checks 3/4

SoundThinking's CEO is Ralph Clark, appointed in Aug 2010, has a tenure of 15.83 years. total yearly compensation is $4.60M, comprised of 10.3% salary and 89.7% bonuses, including company stock and options. directly owns 4.09% of the company’s shares, worth $4.39M. The average tenure of the management team and the board of directors is 2.8 years and 5 years respectively.

Key information

Ralph Clark

Chief executive officer

US$4.6m

Total compensation

CEO salary percentage10.27%
CEO tenure15.8yrs
CEO ownership4.1%
Management average tenure2.8yrs
Board average tenure5yrs

Recent management updates

Analysis Article May 29

We Discuss Why SoundThinking, Inc.'s (NASDAQ:SSTI) CEO Compensation May Be Closely Reviewed

Key Insights SoundThinking's Annual General Meeting to take place on 4th of June CEO Ralph Clark's total compensation...

Recent updates

Narrative Update Jun 22

SSTI: 2026 Guidance Reaffirmation Will Eventually Support Upside Repricing

Analysts have slightly adjusted their outlook on SoundThinking, nudging the implied price target in line with updated assumptions for discount rate, revenue growth, profit margins, and a future P/E of about 326x, while keeping the fair value anchor steady at approximately $20.00 per share. What’s in the News for SoundThinking SoundThinking reaffirmed its 2026 earnings guidance, with revenue expected in the range of $109.0 million to $111.0 million, which the company describes as approximately 6% year over year growth at the midpoint.
Narrative Update Jun 07

SSTI: Impairment Charges And Governance Tensions Will Shape Future Repricing Balance

Analysts have reset their price targets for SoundThinking lower, citing updated assumptions that reflect a fair value move from $10.00 to $8.00, along with changes to the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News SoundThinking reported impairment charges on property and equipment of US$435,000 for the first quarter ended March 31, 2026, compared with US$37,000 a year earlier.
Narrative Update May 24

SSTI: Delayed 2026 Deals Will Eventually Support Upside Repricing

Analysts recently reduced their price target on SoundThinking by $2 to $12, citing lower estimates related to delayed 2026 revenue deals, while still viewing the stock as relatively inexpensive with potential near term catalysts. Analyst Commentary Bullish analysts acknowledge that delayed 2026 revenue deals are weighing on guidance, but they still frame SoundThinking as relatively inexpensive compared with their expectations for the business.
Narrative Update Apr 30

SSTI: Market Leader Status Will Support Upside As Deal Delays Resolve

Analysts have reduced their fair value estimate for SoundThinking from about $29.22 to $20.00 after lowering revenue growth and profit margin assumptions, citing delayed deals and updated Street targets that reflect both near term frustration and ongoing confidence in the company as a market leader. Analyst Commentary Recent Street commentary highlights a mix of patience and optimism around SoundThinking, with attention on near term deal timing alongside longer term potential as a market leader.
Narrative Update Apr 15

SSTI: Delayed Large Deals Will Create Near Term Contract Resolution Catalyst

Analysts have trimmed their price target on SoundThinking to $12 from $14, pointing to lowered estimates tied to delays in two large deals, even as they continue to see the company as a relatively inexpensive market leader with some potential near term catalysts. Analyst Commentary Bullish Takeaways Bullish analysts highlight that, even after the price target trim to $12, the stock is still viewed as relatively inexpensive compared with its perceived leadership position in its niche.
Narrative Update Apr 01

SSTI: Delayed Large Deals Will Support Future Contract Recovery Potential

Analysts have trimmed their price targets on SoundThinking, with recent moves from $14 to $12 and from $16 to $10. These changes reflect concerns about delayed deals, go-to-market challenges, and uncertainty around the timing of larger contract deployments, even as analysts continue to view the company as a market leader with near-term catalysts.
Narrative Update Mar 18

SSTI: Delayed Large Deals And Orlando Hub Will Support Recovery

Analysts have trimmed their average price target on SoundThinking from about $15.50 to roughly $13.17. This reflects revised revenue growth expectations, slightly higher discount rates, and lower Street targets of $12 and $10, as deal delays and go to market challenges temper confidence in the pace of recovery.
Narrative Update Mar 03

SSTI: Contract Timing Risks Will Set Up Future Repricing Opportunity

Analysts have cut their price target on SoundThinking to $10 from $16, reflecting concerns about near term go to market challenges, delayed deployments, lower FY25 and FY26 guidance, and uncertainty around the timing of large contract conversions and international rollouts. Analyst Commentary Bearish analysts are signaling a more cautious stance on SoundThinking, with the latest move being a cut in the price target to $10 from $16 and a shift to a Neutral rating.
Narrative Update Feb 17

SSTI: Orlando Hub And Large Contracts Will Support Future Recovery

Analysts have reduced their price target on SoundThinking from $16 to $10, citing lower confidence in the pace of revenue and margin recovery, as well as uncertainty about the timing of large contract conversions and international deployments. Analyst Commentary Recent research highlights a mixed outlook on SoundThinking, with enthusiasm around the product set tempered by questions about timing and execution in the near term.
Analysis Article Feb 06

Benign Growth For SoundThinking, Inc. (NASDAQ:SSTI) Underpins Stock's 26% Plummet

SoundThinking, Inc. ( NASDAQ:SSTI ) shareholders won't be pleased to see that the share price has had a very rough...
Narrative Update Feb 03

SSTI: Chicago RFP And New Orlando Hub Will Support Contract Recovery

Analysts have trimmed their price expectations for SoundThinking, with at least two firms cutting targets from $16 to $10 and from $19 to $14. They cited near term go to market challenges, contract delays, and uncertainty around the timing of larger deployments and revenue recovery.
Narrative Update Jan 20

SSTI: Contract Delays Will Present A Recovery Opportunity For Repricing

Analysts have reduced their fair value estimate on SoundThinking from $19.00 to $10.00, citing go-to-market challenges, contract delays, lowered guidance for FY25 to FY26, and uncertainty around the timing of large contract conversions and international deployments. Analyst Commentary Recent Street research reflects a more cautious stance on SoundThinking, with bearish analysts revisiting their assumptions on valuation, execution, and growth visibility.
Narrative Update Jan 05

SSTI: Chicago RFP Progress Will Support Contract Recovery And Future Execution

Analysts have trimmed their price targets on SoundThinking to around $14, citing a recent top line miss tied to contract delays and a softer 2026 outlook, even as they point to a potentially supportive RFP backdrop in Chicago. Analyst Commentary Bullish Takeaways Bullish analysts view the new US$14 price target as accounting for recent contract timing issues while still reflecting what they see as an attractive setup for future execution.
Analysis Article Dec 18

There's No Escaping SoundThinking, Inc.'s (NASDAQ:SSTI) Muted Revenues Despite A 26% Share Price Rise

SoundThinking, Inc. ( NASDAQ:SSTI ) shareholders are no doubt pleased to see that the share price has bounced 26% in...
Narrative Update Dec 13

SSTI: Chicago RFP Renewal Will Drive Future Contract Momentum

Analysts modestly reduced their price target on SoundThinking to $14.00 from $19.00, citing recent top line weakness, near term contract uncertainty, and a tempered 2026 outlook, while still highlighting positive momentum in key RFP processes and the company’s strong strategic positioning. Analyst Commentary Bullish Takeaways Bullish analysts view the maintained Buy rating as confirmation that the long term growth thesis remains intact despite near term volatility.
Analysis Article Dec 08

Health Check: How Prudently Does SoundThinking (NASDAQ:SSTI) Use Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update Nov 29

SSTI: Future Revenue Will Rise With Chicago RFP Progress And Contract Wins

Analysts have adjusted SoundThinking’s fair value price target downward from $17.83 to $15.50. They cite recent contract delays and a reduced outlook for 2026, though they note ongoing positive prospects in key markets.
Narrative Update Nov 15

SSTI: Future Revenue Will Benefit From Positive Chicago RFP Momentum

Narrative Update on SoundThinking Analysts have lowered their fair value estimate for SoundThinking from $21.50 to $17.83 per share. This change reflects reduced growth and margin outlooks, as well as ongoing contract uncertainties.
Analysis Article Aug 04

Does SoundThinking (NASDAQ:SSTI) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Seeking Alpha Jun 10

SoundThinking: Opex Continues To Impact Bottom-Line Performance, Possibly A Value Trap

Summary ShotSpotter and SafePointe are key business segments driving growth and innovation for SSTI. The NYPD renewed contracts with SSTI to the approximate value of $64 million; however, the Chicago mayor is skeptical of ShotSpotter as a viable product for the city. The stock trades like value given the discount price relative to peers. But high OPEX, stock dilution, and customer concentration make me slightly skeptical of the re-rating. Read the full article on Seeking Alpha
Analysis Article May 29

We Discuss Why SoundThinking, Inc.'s (NASDAQ:SSTI) CEO Compensation May Be Closely Reviewed

Key Insights SoundThinking's Annual General Meeting to take place on 4th of June CEO Ralph Clark's total compensation...
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New Narrative May 18

ShotSpotter Deployments And SafePointe Implementation Will Unlock New Markets

International expansion and legislative mandates are key drivers of revenue growth, with potential significant impacts on top-line revenue and revenue streams.
Analysis Article May 16

Analyst Estimates: Here's What Brokers Think Of SoundThinking, Inc. (NASDAQ:SSTI) After Its First-Quarter Report

SoundThinking, Inc. ( NASDAQ:SSTI ) just released its latest quarterly results and things are looking bullish. Results...
Analysis Article Apr 22

Is SoundThinking (NASDAQ:SSTI) Using Debt Sensibly?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Mar 25

SoundThinking, Inc. (NASDAQ:SSTI) Stock Catapults 31% Though Its Price And Business Still Lag The Industry

SoundThinking, Inc. ( NASDAQ:SSTI ) shares have continued their recent momentum with a 31% gain in the last month...
Analysis Article Dec 02

SoundThinking, Inc. (NASDAQ:SSTI) Surges 31% Yet Its Low P/S Is No Reason For Excitement

SoundThinking, Inc. ( NASDAQ:SSTI ) shareholders are no doubt pleased to see that the share price has bounced 31% in...
Analysis Article Nov 15

Analysts Have Been Trimming Their SoundThinking, Inc. (NASDAQ:SSTI) Price Target After Its Latest Report

SoundThinking, Inc. ( NASDAQ:SSTI ) last week reported its latest quarterly results, which makes it a good time for...
Analysis Article Aug 09

SoundThinking, Inc. (NASDAQ:SSTI) Shares Fly 26% But Investors Aren't Buying For Growth

SoundThinking, Inc. ( NASDAQ:SSTI ) shares have had a really impressive month, gaining 26% after a shaky period...
Analysis Article Jul 18

Is SoundThinking (NASDAQ:SSTI) Weighed On By Its Debt Load?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

CEO Compensation Analysis

How has Ralph Clark's remuneration changed compared to SoundThinking's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$15m

Dec 31 2025US$5mUS$473k

-US$9m

Sep 30 2025n/an/a

-US$11m

Jun 30 2025n/an/a

-US$10m

Mar 31 2025n/an/a

-US$8m

Dec 31 2024US$5mUS$469k

-US$9m

Sep 30 2024n/an/a

-US$1m

Jun 30 2024n/an/a

-US$2m

Mar 31 2024n/an/a

-US$4m

Dec 31 2023US$5mUS$450k

-US$3m

Sep 30 2023n/an/a

-US$7m

Jun 30 2023n/an/a

-US$1m

Mar 31 2023n/an/a

US$4m

Dec 31 2022US$5mUS$450k

US$6m

Sep 30 2022n/an/a

US$4m

Jun 30 2022n/an/a

-US$863k

Mar 31 2022n/an/a

-US$4m

Dec 31 2021US$2mUS$450k

-US$4m

Sep 30 2021n/an/a

-US$1m

Jun 30 2021n/an/a

US$175k

Mar 31 2021n/an/a

US$1m

Dec 31 2020US$2mUS$450k

US$1m

Sep 30 2020n/an/a

US$3m

Jun 30 2020n/an/a

US$3m

Mar 31 2020n/an/a

US$2m

Dec 31 2019US$1mUS$300k

US$2m

Compensation vs Market: Ralph's total compensation ($USD4.60M) is above average for companies of similar size in the US market ($USD647.77K).

Compensation vs Earnings: Ralph's compensation has been consistent with company performance over the past year.


CEO

Ralph Clark (67 yo)

15.8yrs
Tenure
US$4,600,051
Compensation

Mr. Ralph A. Clark serves as Director at Glowforge Inc. since August 2021. He has been an Independent Director at TriNet Group, Inc. since March 16, 2021. Mr. Clark joined TriNet Group, Inc. on March 16, 2...


Leadership Team

NamePositionTenureCompensationOwnership
Ralph Clark
President15.8yrsUS$4.60m4.09%
$ 4.4m
Alan Stewart
CFO & Secretary5.3yrsUS$1.71m0.85%
$ 912.3k
Robert Showen
Founder & Chief Scientistno datano datano data
Jason Dunham
Founderno datano datano data
Paul Ames
Senior Vice President of Products & Technology11.6yrsUS$220.00kno data
Robert Klepper
Senior VP of Product Management & Corporate Development2.8yrsUS$1.69mno data
Gregg Makuch
Senior Vice President of Marketing2.8yrsno datano data
Kirk Arthur
Senior Vice President of Global Salesless than a yearno data0.42%
$ 454.7k
Anne Mueller
Senior Vice President of Human Resources2.8yrsno datano data
Larry S. Jackson
Senior Vice President of Customer Success & Analytics3.4yrsno datano data
Mark Page
Senior Vice President of Field Engineering2.8yrsno datano data
Adan Pope
Senior Vice President of Data and Artificial Intelligence1.8yrsno datano data
2.8yrs
Average Tenure
62yo
Average Age

Experienced Management: SSTI's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ralph Clark
President15.8yrsUS$4.60m4.09%
$ 4.4m
William Bratton
Independent Director8.6yrsUS$174.19k0.28%
$ 300.0k
Burton Goldfield
Independent Director1.2yrsUS$171.95k0.14%
$ 153.5k
Marc Morial
Independent Director10.8yrsUS$186.69k0.066%
$ 71.3k
Deborah Grant
Independent Chairman5yrsUS$205.76k0.085%
$ 91.0k
Josh Cohen
Observerno datano datano data
Roberta Jacobson
Independent Director4.9yrsUS$177.19k0.097%
$ 104.5k
Ruby Sharma
Independent Director4.5yrsUS$189.19k0.16%
$ 172.3k
5.0yrs
Average Tenure
67yo
Average Age

Experienced Board: SSTI's board of directors are considered experienced (5 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/25 12:01
End of Day Share Price 2026/06/25 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SoundThinking, Inc. is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William PowerBaird
Zachary CumminsB. Riley Securities, Inc.
Jonathan RuykhaverCantor Fitzgerald & Co.