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

SoundHound AI, Inc. (NASDAQ:SOUN) insider James Ming Hom sold 31,019 shares of SoundHound AI stock in a transaction that occurred 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 completion of the sale, the insider directly owned 772,364 shares in the company, valued at $5,244,351.56. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

SoundHound AI Trading Up 1.9%

Shares of NASDAQ SOUN opened at $6.48 on Thursday. The stock has a fifty day simple moving average of $8.39 and a two-hundred day simple moving average of $12.17. SoundHound AI, Inc. has a 1-year low of $6.34 and a 1-year high of $22.17. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -129.57 and a beta of 2.65.

SoundHound AI (NASDAQ:SOUN) last released 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 business had revenue of $55.06 million during the quarter, compared to the consensus estimate of $53.88 million. During the same period last year, the business posted ($0.05) earnings per share. The business’s revenue for the quarter was up 59.4% on a year-over-year basis. Analysts forecast that SoundHound AI, Inc. will post -0.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SOUN. HC Wainwright lowered their price objective on SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of SoundHound AI in a research report on Friday, January 9th. Piper Sandler reiterated a “neutral” rating and issued a $9.00 target price (down from $11.00) on shares of SoundHound AI in a research note on Friday, February 27th. Zacks Research raised shares of SoundHound AI from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, DA Davidson set a $14.00 price target on shares of SoundHound AI in a research note on Thursday, January 8th. One research 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. Based on data from MarketBeat.com, SoundHound AI has an average rating of “Moderate Buy” and an average price target of $14.93.

SoundHound AI News Summary

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

• Positive Sentiment: Analyst/feature pieces highlight SoundHound’s long‑term opportunity in voice‑powered, agentic AI, reinforcing the growth narrative for patient investors. 2 Tech Stocks Most Investors Haven’t Heard of That Could Go Parabolic
• Neutral Sentiment: Comparative write‑ups (e.g., BigBear.ai vs SoundHound) analyze relative survivability in the AI sell‑off — useful context but not an immediate catalyst. BigBear.ai vs. SoundHound AI: One Is Surviving the AI Sell-Off. The Other Isn’t.
• Neutral Sentiment: Short‑interest data reported for March appears to show zero shares and NaN changes — likely a reporting/data artifact. This creates no clear short‑pressure signal today. (Multiple short‑interest updates were posted by data services.)
• Negative Sentiment: Material insider selling on Mar. 20: CEO Keyvan Mohajer, CFO Nitesh Sharan, COO Michael Zagorsek, CTO Timothy Stonehocker, SVP Majid Emami, and others sold blocks at an average price near $6.79 — large coordinated sales by senior executives often spook investors and signal near‑term supply pressure. Example SEC filing for the CEO sale: CEO Insider Sale SEC Filing
• Negative Sentiment: High‑profile skepticism: Jim Cramer publicly called SoundHound a “continual money loser” on Mad Money — negative media commentary from influential commentators can amplify selling pressure. Jim Cramer on SoundHound AI
• Negative Sentiment: Sector competition/news hit: a Yahoo Markets roundup flagged AI assistants (Anthropic’s Claude adding device control) as triggering a sell‑off in related AI names, including SoundHound — increasing competitive risk and shorter‑term downward pressure. Health Catalyst, Asure Software, GitLab, Zeta Global, and SoundHound AI Shares Plummet

Institutional Inflows and Outflows

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