SoundHound AI (NASDAQ:SOUN) Insider Sells $245,160.90 in Stock

SoundHound AI, Inc. (NASDAQ:SOUN) insider James Hom sold 38,730 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $6.33, for a total value of $245,160.90. Following the transaction, the insider directly owned 1,105,555 shares in the company, valued at approximately $6,998,163.15. This trade represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SoundHound AI Stock Up 1.2%

NASDAQ:SOUN traded up $0.07 on Thursday, hitting $6.00. The stock had a trading volume of 16,598,502 shares, compared to its average volume of 28,301,928. SoundHound AI, Inc. has a 52 week low of $5.65 and a 52 week high of $22.17. The business’s fifty day moving average is $6.70 and its 200 day moving average is $7.24. The company has a market cap of $2.66 billion, a PE ratio of -15.79 and a beta of 2.66.

SoundHound AI (NASDAQ:SOUN) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.11. SoundHound AI had a negative return on equity of 30.22% and a negative net margin of 67.45%.The firm had revenue of $61.90 million during the quarter, compared to the consensus estimate of $52.38 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s quarterly revenue was up 45.0% on a year-over-year basis. Equities analysts predict that SoundHound AI, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SOUN. NewEdge Advisors LLC raised its stake in SoundHound AI by 38.1% in the 2nd quarter. NewEdge Advisors LLC now owns 132,072 shares of the company’s stock valued at $855,000 after acquiring an additional 36,415 shares during the period. IFP Advisors Inc increased its position in shares of SoundHound AI by 10.7% during the second quarter. IFP Advisors Inc now owns 32,748 shares of the company’s stock valued at $212,000 after buying an additional 3,163 shares during the period. Allworth Financial LP increased its holdings in shares of SoundHound AI by 12.7% in the second quarter. Allworth Financial LP now owns 22,539 shares of the company’s stock worth $146,000 after purchasing an additional 2,537 shares during the period. Waverly Advisors LLC increased its position in shares of SoundHound AI by 6.9% in the second quarter. Waverly Advisors LLC now owns 64,132 shares of the company’s stock worth $415,000 after purchasing an additional 4,138 shares during the last quarter. Finally, Nykredit A S purchased a new stake in SoundHound AI in the second quarter valued at approximately $165,000. Institutional investors own 19.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. DA Davidson reduced their target price on shares of SoundHound AI from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Wall Street Zen raised shares of SoundHound AI from a “strong sell” rating to a “sell” rating in a research report on Sunday. Weiss Ratings reissued a “sell (e+)” rating on shares of SoundHound AI in a research report on Friday, September 11th. Finally, Piper Sandler reduced their target price on SoundHound AI from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.00.

SoundHound AI News Roundup

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

• Positive Sentiment: Analysts cited by American Banking News assign SoundHound an average price target of $13.00, substantially above recent trading levels. This suggests potential upside if the company delivers on its growth plans. SoundHound AI Receives $13.00 Average Price Target from Analysts
• Positive Sentiment: SoundHound’s Asia business has extended its deal momentum to five consecutive quarters, with additional wins in China and India and continued expansion of its OASYS automotive platform. The developments support the company’s international growth and automotive AI opportunity. SoundHound Asia Growth Extends to 5 Quarters
• Neutral Sentiment: A comparison with NVIDIA highlights SoundHound’s rapid growth and narrowing losses, but also its much smaller scale, narrower voice-AI focus and lack of profitability. Investors may view the company as a higher-risk growth alternative within the AI sector. SoundHound vs. NVIDIA After Earnings
• Negative Sentiment: CEO Keyvan Mohajer, COO Michael Zagorsek, SVP Majid Emami and insider James Hom collectively sold about 285,863 shares at an average price of $6.33. The filings state the sales were made to cover tax withholding tied to vested equity awards, which reduces their bearish significance, although the volume may still weigh on sentiment. SoundHound Insider Sale Filing
• Negative Sentiment: SoundHound has recently declined alongside other speculative software names, including UiPath and C3.ai, despite broader market resilience. The sector-wide selling reflects investor caution toward unprofitable, high-volatility AI stocks and remains a headwind for SOUN. SoundHound AI Drops as Speculative Software Selling Intensifies

About SoundHound AI

SoundHound AI, Inc develops conversational artificial intelligence and voice-enabled technologies. Its platform is designed to let users interact with devices, applications and services through natural-language speech, supporting functions such as information retrieval, question answering and task completion.

The company’s offerings include the Houndify conversational AI platform, which businesses can use to build branded voice assistants, as well as SoundHound Chat AI, an in-car and consumer-oriented voice assistant that combines conversational capabilities with access to information and services.