SoundHound AI (NASDAQ:SOUN) Insider James Ming Hom Sells 42,600 Shares of Stock

SoundHound AI, Inc. (NASDAQ:SOUN) insider James Ming Hom sold 42,600 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $11.28, for a total transaction of $480,528.00. Following the completion of the sale, the insider directly owned 803,383 shares of the company’s stock, valued at approximately $9,062,160.24. This represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

SoundHound AI Price Performance

Shares of NASDAQ SOUN opened at $10.41 on Tuesday. SoundHound AI, Inc. has a 1 year low of $6.52 and a 1 year high of $23.50. The stock has a market capitalization of $4.37 billion, a P/E ratio of -12.39 and a beta of 2.63. The company’s 50-day moving average is $13.21 and its 200 day moving average is $13.47.

SoundHound AI (NASDAQ:SOUN) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.06. The business had revenue of $42.05 million during the quarter, compared to analyst estimates of $40.48 million. SoundHound AI had a negative net margin of 211.16% and a negative return on equity of 93.64%. SoundHound AI’s quarterly revenue was up 67.6% compared to the same quarter last year. During the same period last year, the business posted ($0.04) earnings per share. Research analysts anticipate that SoundHound AI, Inc. will post -0.38 earnings per share for the current year.

Key Headlines Impacting SoundHound AI

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

• Positive Sentiment: Cantor Fitzgerald upgraded SoundHound, citing progress in its voice and conversational-AI service development — a potential catalyst for investor interest and institutional flows. Cantor Fitzgerald Upgrade
• Positive Sentiment: MarketBeat featured SoundHound as one of three “application-layer” AI pure plays, highlighting scale after the Amelia acquisition, projected 2025 revenue growth, and management’s roadmap toward break-even — supportive for longer-term fundamentals. Application-Layer Rotation
• Neutral Sentiment: Several bullish analyst/commentary pieces (Motley Fool features) highlight SoundHound’s opportunity in voice-powered AI agents and enterprise traction, but they are thematic and longer‑term in nature rather than immediate catalysts. Fool: Second Derivative AI Stocks
• Neutral Sentiment: Market headlines grouping multiple tech names (e.g., “MongoDB, AppLovin, and SoundHound AI Stocks Trade Down”) note sector/rotation selling pressure — helpful context for intraday weakness but not company-specific negative news. Sector Headline
• Negative Sentiment: Heavy insider selling disclosed this week: CEO Keyvan Mohajer, CFO Nitesh Sharan, COO Michael Zagorsek, CTO Timothy Stonehocker, and other insiders reported multiple sales (large blocks on Dec. 22–26 at ~$10.66–$11.28). Collective insider supply and percentage ownership reductions are likely a near-term headwind for sentiment. (Example filing for CEO sale) SEC Filing — CEO Sale
• Negative Sentiment: Contrasting coverage includes cautionary takes about valuation/speculation in pure‑play AI names — reminders that momentum can reverse if revenue/profitability targets slip. Fool Warning

Wall Street Analysts Forecast Growth

SOUN has been the topic of several recent research reports. Cantor Fitzgerald raised SoundHound AI from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $15.00 in a research note on Friday, December 12th. Piper Sandler upped their target price on shares of SoundHound AI from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Oppenheimer began coverage on shares of SoundHound AI in a research report on Thursday, September 11th. They set a “market perform” rating for the company. Wedbush restated an “outperform” rating and issued a $16.00 price objective on shares of SoundHound AI in a report on Thursday, September 11th. Finally, LADENBURG THALM/SH SH raised shares of SoundHound AI to a “strong-buy” rating in a research note on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.07.

Institutional Trading of SoundHound AI

Several institutional investors have recently added to or reduced their stakes in SOUN. Swiss Life Asset Management Ltd increased its holdings in shares of SoundHound AI by 67.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 17,001 shares of the company’s stock worth $273,000 after purchasing an additional 6,878 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of SoundHound AI during the third quarter valued at $354,000. CIBC Bancorp USA Inc. bought a new stake in SoundHound AI in the 3rd quarter worth about $628,000. WBI Investments LLC bought a new stake in SoundHound AI in the 3rd quarter worth about $887,000. Finally, Captrust Financial Advisors raised its position in SoundHound AI by 136.0% in the 3rd quarter. Captrust Financial Advisors now owns 215,091 shares of the company’s stock worth $3,459,000 after buying an additional 123,960 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.