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Data-driven stock valuation

Shotspotter Inc (SSTI) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Shotspotter Inc stock $6.92, price $8.34, that is 17.0% below the price, quality 45 out of 100. Rating: overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.

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Technology US

SI Shotspotter Inc logo Thin data Nov 8, 2026

Shotspotter Inc

SSTI · US
Expensive, weak quality

Our calculation puts a fair price 17% below what the stock costs today.

Low debt
Quality 45/100
Mixed Growth (revenue 5y +17.9 %/yr in USD)
Insiders sold $7,030 (6M)
Fair value $6.92 · Overvalued
Loss-making · -16.9% net margin (TTM)
Negative free cash flow over the last twelve months
Trails peers (4/12)
Narrow moat 12/100
Thin data
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Price vs Fair Value

$45.37 $5.47 Fair Value $6.92 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range $5.47 – $45.37 · fair‑value band $4.57 – $10.58 · the $8.34 price screens above the $6.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

SoundThinking, Inc., a public safety technology company, provides data-driven solutions and strategic advisory services for law enforcement, security teams, and civic leadership.

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Its SafetySmart platform that includes data-driven tools comprising ShotSpotter, an outdoor gunshot detection, location, and alerting system; CrimeTracer, an agency-wide crime data and intelligence platform that enables investigators, analysts, patrol officers and command staff to search through criminal justice records from across jurisdictions, leverage dashboards, and AI-assisted tools to generate tactical leads and make intelligent connections to solve cases; CaseBuilder, a one-stop investigative case management system for tracking, reporting and collaborating on cases; ResourceRouter, a software that directs the deployment of patrol and community anti-violence resources; PlateRanger powered by Rekor, an automatic license plate recognition and vehicle identification solution; and SafePointe, an artificial intelligence-based weapons detection system.

The company also offers ShotSpotter for Campus and ShotSpotter for Corporate, to universities, corporate campuses, and key infrastructure centers to mitigate risk and enhance security by notifying authorities of outdoor gunfire incidents and saving critical minutes for first responders to arrive.

In addition, it provides perimeter-based sniper gunshot detection solutions. The company sells its solutions through its direct sales teams. The company was formerly known as ShotSpotter, Inc. and changed its name to SoundThinking, Inc. in April 2023.

SoundThinking, Inc. was founded in 1996 and is headquartered in Fremont, California.

Stock analysis

Shotspotter Inc (SSTI) currently trades at $8.34, while our model-based Fair Value estimate is $6.92, 17% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of $7.31 per share, and 0 of the 10 models we run sit above the $8.34 price.

Bear case: the Multiples group reads lowest at $4.01, and 10 of the 10 models stay below the price. Data coverage for this calculation is low.

Scenario range: $4.57 (bear) to $10.58 (bull), the price of $8.34 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 45/100 (below-average quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Shotspotter Inc reported revenue of $104M in FY2025 versus $58.2M in FY2021, a compound +15.7%/yr. Reported net income was −$9.4M in FY2025.

Key figures

Market cap $108M Micro · P/S ratio 1.13 · EPS (TTM) $−1.29 · Net margin −16.9% · Return on equity −23.7% · Return on assets (EBIT) −2.4% (5-year average) · Operating margin −19.0% · Revenue (TTM) $98.0M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).

What moves the price

The share trades about 14% below its 52-week high and 52% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −17%, SSTI screens richer than that median.

Fair Value models

Bear $4.57 Fair Value $6.92 Bull $10.58
Price $8.34 · Downside -17.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF $4.88 $6.92 $11.51 79
Growth DCF $4.72 $7.15 $10.58 78
5Y EBITDA Exit $3.38 $4.68 $6.37 76
All 10 models by family
DCF Models
FCF DCF $4.88 $6.92 $11.51 79
5Y Revenue Exit $4.65 $7.51 $11.75 71
5Y EBITDA Exit $3.38 $4.68 $6.37 76
10Y Revenue Exit $4.57 $7.19 $11.16 66
10Y EBITDA Exit $3.94 $5.34 $7.48 69
Multiples
EV/EBITDA $2.08 $2.52 $2.97 67
EV/Revenue $4.07 $5.50 $6.92 54
Asset-Based
NCAV (Graham) $0.3300 $0.4400 $0.6500 54
Growth DCF
Growth DCF $4.72 $7.15 $10.58 78
Rev-Margin DCF $4.65 $7.46 $11.48 72

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 26
How much profit the company makes from its sales and capital
Quality Growth 37
Are margins and returns getting better?
Cashflow 34
Do the profits arrive as real cash?
Financial strength 54
Debt, balance sheet and risk of trouble
Investment 80
Does it invest with discipline instead of growing at any price?
Low Volatility 27
How calm the share price moves, does not count
Price momentum 48
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 50
Distance to the 52-week high, does not count
New shares 67
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, one officer or director sold shares worth $7,030 and none bought.

  • SaleDavid JochimOfficer1,162 shares at $6.05$7,030Aug 31, 2026
  • BuyVeradace Partners LP10% owner3× since Feb 2, 2026: 715,902 shares, avg. $7.00$5.0MFeb 24, 2026
  • SaleNasim GolzadehOfficer2× since Nov 18, 2025: 2,767 shares, avg. $6.04$16,717Dec 1, 2025

Plus 12 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.9%
Start year 2020 (pandemic). Over 10 years: +24.3% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
2.8% (2020) → −8.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+17.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.4%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +14.5% a year for the price and +2.9% for the forecasts.
Forecast 2026 (sales)−4.6%
Forecast 2027 (sales)+9.4%
Projected 2028 (sales)+8.5%
Projected 2029 (sales)+7.6%
Projected 2030 (sales)+6.6%

SSTI screens overvalued: fair value 17% below the price. Compare with SAP SE →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 628 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Bottom 25%
Fair Value upside −17.0% · Below median
Profitability
Return on assets −6.9% · Bottom 25%
Net margin (12 months) −16.9% · Bottom 25%
Operating margin (12 months) −19.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −7.7% · Bottom 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 1.50× · Cheaper than median
P/S (12 months) 1.10× · Cheapest 25%
Price / free cash flow (fiscal year) 22.3× · Pricier than median
PEG 1.05× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)11 · sector 29
FUTURE (revenue growth)0 · sector 41
PAST (return on equity)0 · sector 20
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 29

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $239.30 $463.72 +94% vs SSTI
Salesforce, Inc CRM $213.65 $342.73 +60% vs SSTI
Uber Technologies, Inc UBER $68.59 $101.28 +48% vs SSTI
Intuit Inc INTU $341.50 $459.14 +34% vs SSTI
ServiceNow, Inc NOW $101.97 $112.17 +10% vs SSTI
SAP SE SAP €210.75 €173.59 −18% vs SSTI
Cadence Design Systems, Inc CDNS $319.92 $225.48 −30% vs SSTI
Automatic Data Processing, Inc ADP $303.35 $150.40 −50% vs SSTI
Shopify Inc SHOP $148.91 $64.96 −56% vs SSTI
Snowflake Inc SNOW $275.88 $73.81 −73% vs SSTI

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Cite: Fair Value Calculator (2026). "Shotspotter Inc Fair Value". https://www.fairvalue-calculator.com/stock/SSTI

Frequently asked questions

Is Shotspotter Inc (SSTI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $6.92 versus a price of $8.34, about 17% lower (overvalued).
What is the fair value of SSTI?
Our model-based fair value for Shotspotter Inc is $6.92 (as of Nov 8, 2026), built from audited fundamentals. The current price: $8.34.
What is the quality score of SSTI?
Shotspotter Inc has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Shotspotter Inc (SSTI)?
Our model-based price target is the fair value of $6.92 (as of Nov 8, 2026) from 10 valuation models. Cautious scenario $4.57, optimistic scenario $10.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Shotspotter Inc stock forecast for 2026?
Our models put fair value at $6.92, about 17% lower versus a price of $8.34 (overvalued). Cautious scenario $4.57, optimistic scenario $10.58. The calculation is refreshed regularly with new filings.
What is the revenue of Shotspotter Inc (SSTI)?
Shotspotter Inc reported trailing-twelve-month revenue of about $98.0M (latest available figure, as of Nov 8, 2026).
What growth is priced into Shotspotter Inc (SSTI)?
For today's price to be fair in a discounted-cash-flow model, Shotspotter Inc would have to grow free cash flow by +17.2 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.9 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SSTI use?
Our models discount Shotspotter Inc at 13.1 %: a base by market capitalisation (micro), damped by beta 1.11, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Shotspotter Inc that is +17.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Shotspotter Inc (SSTI) delivered so far?
Over the past 5 years revenue at Shotspotter Inc grew +17.9 % a year. The price currently implies free-cash-flow growth of +17.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Shotspotter Inc (SSTI) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Shotspotter Inc (+17.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shotspotter Inc (SSTI)?
The free-cash-flow yield on the price is 4.49 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Shotspotter Inc produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shotspotter Inc (SSTI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shotspotter Inc it is $6.92 per share (as of Nov 8, 2026), against a price of $8.34. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Shotspotter Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SSTI trades above its calculated fair value: price $8.34, fair value $6.92, a gap of about −17% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SSTI?
No. The price is what the market pays today ($8.34); the fair value is what the company's own numbers justify ($6.92). For Shotspotter Inc the two are $1.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shotspotter Inc worth?
The market values Shotspotter Inc at about $108M (market capitalisation, as of Nov 8, 2026). Per share that is $8.34; our models calculate a fair value of $6.92 per share.
What do the bullish and bearish scenarios say about SSTI?
Our models span a range for Shotspotter Inc: cautious scenario $4.57, base $6.92, optimistic $10.58 per share (as of Nov 8, 2026, price $8.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of SSTI?
The PEG ratio of Shotspotter Inc is 1.05 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Shotspotter Inc (SSTI)?
Balance-sheet figures for Shotspotter Inc (as of Nov 8, 2026): return on equity −23.7%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is SSTI from its 52-week high?
Shotspotter Inc trades at $8.34, about 14% below its 52-week high of $9.65 and 52% above the low of $5.47 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $6.92 is for.
Which stocks are comparable to Shotspotter Inc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shotspotter Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $8.34, calculated fair value $6.92 (−17%), Quality Score 45/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SSTI calculated?
We run Shotspotter Inc through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of $6.92 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Shotspotter Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shotspotter Inc (SSTI)?
The closing price on Nov 6, 2026 was $8.34. Our model-based fair value is $6.92, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shotspotter Inc right now?
Weak quality (45/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($4.57 to $10.58) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Shotspotter Inc

How large is the market capitalisation of Shotspotter Inc (SSTI)?
The market capitalisation of Shotspotter Inc is $108M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shotspotter Inc (SSTI)?
The price-to-sales ratio of Shotspotter Inc is 1.13 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shotspotter Inc (SSTI)?
Earnings per share at Shotspotter Inc are $−1.29. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shotspotter Inc (SSTI)?
The net margin of Shotspotter Inc is −16.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shotspotter Inc (SSTI)?
The return on equity (ROE) of Shotspotter Inc is −23.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shotspotter Inc (SSTI)?
On an EBIT basis the return on assets of Shotspotter Inc is −2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shotspotter Inc (SSTI)?
The operating margin of Shotspotter Inc is −19.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shotspotter Inc (SSTI)?
Revenue at Shotspotter Inc is growing −7.7% versus a year earlier (3y avg +8.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shotspotter Inc (SSTI)?
Earnings per share at Shotspotter Inc are growing +340% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Shotspotter Inc (SSTI) hold?
Shotspotter Inc holds more cash than debt, $9.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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