805,000 Shares in SoundHound AI, Inc. $SOUN Bought by Clear Street Group Inc.

Clear Street Group Inc. acquired a new position in SoundHound AI, Inc. (NASDAQ:SOUN) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 805,000 shares of the company’s stock, valued at approximately $12,944,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kieckhefer Group LLC boosted its stake in SoundHound AI by 47.2% during the third quarter. Kieckhefer Group LLC now owns 259,000 shares of the company’s stock worth $4,165,000 after acquiring an additional 83,000 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of SoundHound AI by 14.0% during the second quarter. Osaic Holdings Inc. now owns 498,691 shares of the company’s stock valued at $5,351,000 after purchasing an additional 61,212 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of SoundHound AI by 252.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 218,868 shares of the company’s stock valued at $3,519,000 after purchasing an additional 156,835 shares during the last quarter. Fluent Financial LLC purchased a new position in shares of SoundHound AI during the third quarter valued at approximately $1,083,000. Finally, Carnegie Investment Counsel boosted its position in shares of SoundHound AI by 13.7% in the 3rd quarter. Carnegie Investment Counsel now owns 1,363,405 shares of the company’s stock worth $21,924,000 after purchasing an additional 164,725 shares in the last quarter. Hedge funds and other institutional investors own 19.28% of the company’s stock.

SoundHound AI Stock Down 2.3%

Shares of NASDAQ SOUN opened at $7.30 on Friday. SoundHound AI, Inc. has a twelve month low of $6.52 and a twelve month high of $22.17. The firm has a market cap of $3.07 billion, a P/E ratio of -145.97 and a beta of 2.65. The company has a 50 day moving average of $9.07 and a 200 day moving average of $12.50.

SoundHound AI (NASDAQ:SOUN) last issued its earnings results on Thursday, February 26th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $55.06 million for the quarter, compared to the consensus estimate of $53.88 million. SoundHound AI had a negative return on equity of 3.63% and a negative net margin of 8.71%.The company’s revenue was up 59.4% compared to the same quarter last year. During the same period last year, the business posted ($0.05) EPS. As a group, equities analysts expect that SoundHound AI, Inc. will post -0.38 earnings per share for the current fiscal year.

Key Headlines Impacting SoundHound AI

Here are the key news stories impacting SoundHound AI this week:

• Positive Sentiment: Reported record 2025 results, doubled revenue to $168.9M, issued strong 2026 guidance and announced new automotive and restaurant partnerships — these operational beats and commercial traction support revenue growth expectations and justify bullish analyst models. SoundHound AI (SOUN) Valuation Check After Record 2025 Results Strong 2026 Guidance And New Partnerships
• Positive Sentiment: Bullish analyst views argue recent sell-off created a buying opportunity: Seeking Alpha and other bulls forecast continued high-growth SaaS revenue and long-term margin expansion (management targets 70%+ gross margins) that could materially lift valuation if achieved. SoundHound: Meltdown’s A Gift – Voice AI SaaS Leader Is Cheap Now
• Positive Sentiment: Analysts highlight the company’s Agentic AI / voice-first platform as a scalable engine across cars, call centers and apps — continued enterprise adoption and recurring subscription bookings underpin growth forecasts. Can SoundHound’s Agentic AI Platform Power the Next Phase of Growth?
• Neutral Sentiment: Comparisons with Amazon (AMZN) underline both opportunity and risk: SoundHound’s focused voice stack can win niche enterprise deals, but Amazon’s AWS/AI scale and ecosystem remain a material competitive overhang. This dynamic keeps upside conditional on execution. SoundHound vs. Amazon: Which AI Voice Assistant Stock Wins?
• Neutral Sentiment: Long-term upside scenarios (e.g., multi‑bag returns by 2030) are possible but require sustained ~50–60%+ CAGR revenue growth — achievable per bull cases but high execution risk. Investors should weigh growth assumptions against margin and cash‑flow timelines. SoundHound AI: Could the Stock 10X by 2030?
• Negative Sentiment: High-profile skepticism: Jim Cramer described SOUN as “one of those companies that is a meme stock,” a comment that can amplify retail-driven selling and volatility. Jim Cramer on SoundHound AI: “This Is One of Those Companies That Is a Meme Stock”
• Negative Sentiment: Broader caution in software/AI names and large historical drawdowns (articles noting shares are down materially from highs) pressure multiples; sector warning pieces and value traps narratives can keep sentiment weak until sustained proof of profitability. 3 Software Stocks with Warning Signs

Insider Activity

In related news, COO Michael Zagorsek sold 73,406 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $11.28, for a total transaction of $828,019.68. Following the sale, the chief operating officer directly owned 1,787,459 shares of the company’s stock, valued at $20,162,537.52. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James Ming Hom sold 42,600 shares of SoundHound AI stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $11.28, for a total value of $480,528.00. Following the completion of the sale, the insider owned 803,383 shares of the company’s stock, valued at $9,062,160.24. The trade was a 5.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 460,922 shares of company stock valued at $5,199,073. Corporate insiders own 9.17% of the company’s stock.

Analyst Upgrades and Downgrades

SOUN has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of SoundHound AI in a research note on Friday, January 9th. HC Wainwright dropped their target price on SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Zacks Research raised SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Cantor Fitzgerald upgraded SoundHound AI from a “neutral” rating to an “overweight” rating and raised their price target for the company from $13.00 to $15.00 in a report on Friday, December 12th. Finally, LADENBURG THALM/SH SH raised SoundHound AI to a “strong-buy” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.93.

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.