Shares of SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report) traded down 4.8% during trading on Friday . The company traded as low as $6.47 and last traded at $6.55. 29,738,476 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 27,601,961 shares. The stock had previously closed at $6.88.
SoundHound AI News Summary
Here are the key news stories impacting SoundHound AI this week:
- Positive Sentiment: An analyst told media the shares could potentially double despite the CFO news, offering a bullish counterpoint that could attract speculative buying if confidence in execution returns. Analyst says SoundHound stock can double as CFO announces departure
- Positive Sentiment: SoundHound announced a commercial win with Peet’s Coffee to deploy its Employee Assist voice agent across the U.S. store footprint — a tangible enterprise customer and validation of recurring revenue opportunities. Peet’s Coffee Partners with SoundHound AI
- Positive Sentiment: Investor commentary outlets continued to list SOUN among under-the-radar AI names with multibagger potential, which can support longer-term interest from growth-focused investors. Prediction: These 3 Under-the-Radar Artificial Intelligence (AI) Stocks Could Be Multibaggers by End of 2026
- Neutral Sentiment: The company announced an interim finance leadership plan: co‑founder and former CFO James Hom will step in as interim CFO, which reduces near-term uncertainty but leaves longer-term succession questions open. SoundHound AI Announces CFO Transition
- Neutral Sentiment: Nitesh Sharan’s move to Quantinuum is confirmed — a routine executive move that explains the departure but doesn’t directly alter SoundHound’s product roadmap. Nitesh Sharan Joins Quantinuum as Chief Financial Officer
- Negative Sentiment: Shares sold off intraday amid the CFO transition and broader Voice-AI competition narrative (including Nvidia moves), with coverage noting a roughly 6% drop and break below a key $7 level — technical weakness that can trigger further selling. SoundHound AI Sinks 6%: What NVIDIA’s Voice AI Bet Says About The Broader Market
- Negative Sentiment: Multiple outlets attribute today’s selling pressure directly to the CFO departure, reflecting investor sensitivity to leadership turnover at a growth-stage AI company that is still not profitable. Why Is SoundHound AI Stock Tumbling Today?
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on SOUN shares. DA Davidson set a $14.00 price target on shares of SoundHound AI in a research report on Thursday, January 8th. Piper Sandler reissued a “neutral” rating and issued a $9.00 price objective (down from $11.00) on shares of SoundHound AI in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of SoundHound AI in a research note on Friday, January 9th. LADENBURG THALM/SH SH raised SoundHound AI to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, Zacks Research upgraded SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.93.
SoundHound AI Stock Down 4.8%
The firm’s 50 day moving average price is $8.67 and its two-hundred day moving average price is $12.31. The firm has a market capitalization of $2.75 billion, a PE ratio of -130.97 and a beta of 2.65.
SoundHound AI (NASDAQ:SOUN – Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). SoundHound AI had a negative net margin of 8.71% and a negative return on equity of 3.63%. The firm had revenue of $55.06 million for the quarter, compared to the consensus estimate of $53.88 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The firm’s quarterly revenue was up 59.4% on a year-over-year basis. On average, sell-side analysts anticipate that SoundHound AI, Inc. will post -0.38 earnings per share for the current fiscal year.
Insider Buying and Selling at SoundHound AI
In other news, CTO Timothy Stonehocker sold 29,676 shares of SoundHound AI stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $12.00, for a total transaction of $356,112.00. Following the sale, the chief technology officer directly owned 544,179 shares of the company’s stock, valued at approximately $6,530,148. The trade was a 5.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Majid Emami sold 32,741 shares of the business’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $10.66, for a total value of $349,019.06. Following the completion of the transaction, the senior vice president owned 532,845 shares in the company, valued at approximately $5,680,127.70. This trade represents a 5.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 460,922 shares of company stock valued at $5,199,073. Company insiders own 9.17% of the company’s stock.
Hedge Funds Weigh In On SoundHound AI
Several institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new stake in shares of SoundHound AI during the fourth quarter worth approximately $110,000. Rockefeller Capital Management L.P. raised its holdings in SoundHound AI by 3.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 179,327 shares of the company’s stock valued at $1,788,000 after acquiring an additional 6,096 shares in the last quarter. SHP Wealth Management acquired a new stake in SoundHound AI in the fourth quarter valued at $27,000. Virtu Financial LLC boosted its stake in SoundHound AI by 43.9% during the 4th quarter. Virtu Financial LLC now owns 219,773 shares of the company’s stock valued at $2,191,000 after acquiring an additional 67,088 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC boosted its stake in SoundHound AI by 143.0% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 50,742 shares of the company’s stock valued at $506,000 after acquiring an additional 29,857 shares during the last quarter. 19.28% of the stock is currently owned by hedge funds and other institutional investors.
SoundHound AI Company Profile
SoundHound AI, Inc is a voice AI and conversational intelligence company specializing in speech recognition, natural language understanding and sound identification technologies. Founded in 2005 and headquartered in Santa Clara, California, the company initially gained recognition with its music discovery app before pivoting to enterprise-grade voice AI solutions. Over the years, SoundHound AI has built a comprehensive platform that enables developers and businesses to embed conversational intelligence into a wide range of products and services.
The company’s core offering is the Houndify voice AI platform, which provides customizable speech-to-meaning technology, domain-specific natural language understanding and text-to-speech capabilities.
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