SoundThinking (SSTI)
Combines gunshot detection with investigative, patrol-planning, vehicle-recognition, and weapons-detection tools.
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Subscription software for public-safety agencies combines the ShotSpotter acoustic gunshot-location system with investigative, patrol-planning, vehicle-recognition, and concealed-weapons-detection tools. ShotSpotter supplies most revenue, while municipal contracts such as New York City's remain central to the business.
Built around the ShotSpotter acoustic system, the subscription platform locates gunfire and has expanded into SafetySmart tools. Those tools include CrimeTracer for investigative lead generation and search, CaseBuilder for investigation management, ResourceRouter for patrol and anti-violence resource planning, SafePointe for concealed-weapons detection, and PlateRanger for vehicle identification.
The workforce is concentrated in the United States. The company works through public-safety customers and depends materially on municipal contracts: ShotSpotter provides most revenue, and New York City is a major customer.
Public criticism has concerned the acoustic system's accuracy, effectiveness, surveillance, and deployment locations; the company has disputed those characterizations. Municipal contracts and debate over acoustic gunshot detection shape the business.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 14, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $10 | Target: $8 |
| Aug 14, 2026 | Northland Securities | Target | Target: — | Target: $10 |
| Aug 14, 2026 | Lake Street | Downgrade | Target: $20 | Target: $8 |
| Aug 14, 2026 | Roth Capital | Target | Target: — | Target: $13 |
| Aug 14, 2026 | Citigroup | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.4M · Total debt $4.7M · Total assets $118.2M · Shareholders' equity $65.6M
- Revenue
- $23.9M
- Operating income
- −$4.7M
- Net income
- −$4.8M
No dividends on record.
| Institutions | 53.54% | 7.05M shares | |
|---|---|---|---|
| 79 holders · as of Jun 30, 2026 | |||
| Insiders | 17.10% | 2.25M shares | |
| 14 holders · as of Sep 2, 2026 | |||
| Other | 29.36% | 3.86M shares | |
| remainder | |||
13.16M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Veradace Capital Management LLCInstitution | 15.88% | 2.09M | as of Jun 30, 2026 |
Kopion Asset Management, LLCInstitution | 8.47% | 1.11M | as of Jun 30, 2026 |
Ralph A. Clark1Insiderdirector, officer: President and CEO | 7.78% | 816,233 | filed May 21, 2026 |
Granahan Investment Management LLCInstitution | 4.87% | 640,816 | filed Feb 14, 2022 |
Rice Hall James & Associates, LLCInstitution | 3.55% | 466,860 | as of Jun 30, 2026 |
- Ralph A. Clark's transaction reports restate only vehicles that traded; the 2025 ownership statement (816.2K) plus the 207.6K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 31, 2026 | David Jochim | officer: See remarks | −1,162 | $6.05 |
| Feb 23, 2026 | Veradace Partners LP | 10 percent owner | +7,016 | $7.04 |
| Feb 24, 2026 | Veradace Partners LP | 10 percent owner | +15,773 | $7.14 |
| Feb 18, 2026 | Veradace Partners LP | 10 percent owner | +105,880 | $7.14 |
| Feb 19, 2026 | Veradace Partners LP | 10 percent owner | +8,748 | $7.07 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SoundThinking | $5.77 | +5.10% | $71.1M | — | — | 0.7 | −7.7% |
| Alarm.com | $52.63 | −0.97% | $2.63B | 23.5 | 18.0 | 2.5 | +9.2% |
| Axon Enterprise | $459.51 | +1.65% | $36.44B | 187.4 | 51.3 | 11.3 | +35.3% |
| Motorola Solutions | $456.78 | −0.99% | $76.58B | 36.3 | 25.2 | 6.3 | +13.3% |
| Evolv Technologies | $4.84 | −1.75% | $886.8M | — | — | 5.2 | +34.4% |
| Median | 36.3 | 25.2 | 5.7 | +23.9% |