James Ming Hom Sells 31,019 Shares of SoundHound AI (NASDAQ:SOUN) Stock

SoundHound AI, Inc. (NASDAQ:SOUN) insider James Ming Hom sold 31,019 shares of SoundHound AI stock in a transaction on Friday, March 20th. The stock was sold at an average price of $6.79, for a total transaction of $210,619.01. Following the sale, the insider owned 772,364 shares of the company’s stock, valued at $5,244,351.56. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SoundHound AI Price Performance

Shares of SOUN opened at $6.06 on Friday. The company’s fifty day moving average price is $8.29 and its 200-day moving average price is $12.12. SoundHound AI, Inc. has a 1-year low of $6.05 and a 1-year high of $22.17. The firm has a market capitalization of $2.56 billion, a PE ratio of -121.18 and a beta of 2.65.

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

Institutional Investors Weigh In On SoundHound AI

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Danske Bank A S purchased a new stake in SoundHound AI during the third quarter worth $26,000. Investors Research Corp grew its position in SoundHound AI by 62.4% during the third quarter. Investors Research Corp now owns 1,822 shares of the company’s stock valued at $29,000 after buying an additional 700 shares during the period. Financial Consulate Inc. purchased a new stake in shares of SoundHound AI during the 3rd quarter worth about $32,000. Sound Income Strategies LLC boosted its stake in shares of SoundHound AI by 37.3% during the 3rd quarter. Sound Income Strategies LLC now owns 2,116 shares of the company’s stock worth $34,000 after acquiring an additional 575 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of SoundHound AI by 83.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,336 shares of the company’s stock valued at $25,000 after acquiring an additional 1,060 shares during the period. Institutional investors and hedge funds own 19.28% of the company’s stock.

Key Stories Impacting SoundHound AI

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

• Positive Sentiment: Industry recognition: Aragon Research named SoundHound a leader for agent platforms, which reinforces its enterprise voice/agent AI growth story and could support longer‑term valuation if execution follows. SoundHound AI Named Leader in The Aragon Research Globe™ for Agent Platforms 2026
• Positive Sentiment: Analyst/feature coverage highlights upside: a couple of fintech/media pieces profile SoundHound as having a long‑run opportunity in voice‑powered, agentic AI — positive narrative for patient growth investors. 2 Tech Stocks Most Investors Haven’t Heard of That Could Go Parabolic
• Neutral Sentiment: Analyst consensus: brokerages show a consensus target around $14.93, indicating substantial implied upside versus current levels but requiring sustained revenue/profit progress to realize. SoundHound AI Receives $14.93 Consensus Target Price
• Neutral Sentiment: Institutional activity: some hedge funds and large brokers have increased positions recently, which can provide support but is not an immediate catalyst. (Useful context for longer‑term holders.)
• Negative Sentiment: Coordinated insider selling: multiple senior executives (CEO, CFO, COO, CTO, SVP and others) sold large blocks around mid‑March at roughly the same price — a common trigger for short‑term selling pressure and investor concern about insider conviction. Example SEC filing for the CEO sale is linked. CEO Insider Sale SEC Filing
• Negative Sentiment: Negative media/market sentiment: Jim Cramer reiterated skepticism (calling the company a “continual money loser”), which can amplify selling from retail/institutional investors. Jim Cramer on SoundHound AI
• Negative Sentiment: Sector competition / news flow: a market roundup tied to Anthropic adding device‑control features to its assistant sparked a sell‑off in AI names, including SoundHound, by raising competitive risk and shortening investor time horizons. Health Catalyst, Asure Software, GitLab, Zeta Global, and SoundHound AI Shares Plummet

Analyst Upgrades and Downgrades

SOUN has been the subject of a number of research reports. Zacks Research raised SoundHound AI from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. DA Davidson set a $14.00 price target on shares of SoundHound AI in a research report on Thursday, January 8th. Cantor Fitzgerald upgraded shares of SoundHound AI from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $13.00 to $15.00 in a research note on Friday, December 12th. Piper Sandler reiterated a “neutral” rating and issued a $9.00 price objective (down from $11.00) on shares of SoundHound AI in a research note on Friday, February 27th. Finally, HC Wainwright decreased their target price on shares of SoundHound AI from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.