Citigroup Inc. Sells 122,428 Shares of SoundHound AI, Inc. $SOUN

Citigroup Inc. trimmed its position in shares of SoundHound AI, Inc. (NASDAQ:SOUN) by 39.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,568 shares of the company’s stock after selling 122,428 shares during the quarter. Citigroup Inc.’s holdings in SoundHound AI were worth $3,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of SoundHound AI by 71.3% in the first quarter. Royal Bank of Canada now owns 160,299 shares of the company’s stock valued at $1,301,000 after buying an additional 66,714 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of SoundHound AI by 8.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 14,676 shares of the company’s stock worth $119,000 after acquiring an additional 1,201 shares during the last quarter. NewEdge Advisors LLC lifted its position in SoundHound AI by 12.9% in the 1st quarter. NewEdge Advisors LLC now owns 41,030 shares of the company’s stock valued at $333,000 after acquiring an additional 4,692 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in SoundHound AI by 69.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,639,689 shares of the company’s stock valued at $21,434,000 after purchasing an additional 1,085,473 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in SoundHound AI by 10.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 692,170 shares of the company’s stock worth $5,620,000 after purchasing an additional 63,398 shares in the last quarter. Institutional investors own 19.28% of the company’s stock.

SoundHound AI Price Performance

Shares of SoundHound AI stock opened at $8.27 on Friday. The firm has a market cap of $3.47 billion, a PE ratio of -165.37 and a beta of 2.65. SoundHound AI, Inc. has a 1 year low of $6.52 and a 1 year high of $22.17. The stock has a fifty day moving average price of $9.37 and a 200-day moving average price of $12.71.

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

Analyst Ratings Changes

SOUN has been the topic of a number of recent research reports. Cantor Fitzgerald upgraded SoundHound AI from a “neutral” rating to an “overweight” rating and raised their target price for the company from $13.00 to $15.00 in a report on Friday, December 12th. DA Davidson set a $14.00 price target on SoundHound AI in a research report on Thursday, January 8th. LADENBURG THALM/SH SH raised shares of SoundHound AI to a “strong-buy” rating in a report on Thursday, December 18th. Zacks Research upgraded shares of SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, HC Wainwright dropped their price target on shares of SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SoundHound AI currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.93.

Insider Buying and Selling

In other SoundHound AI news, SVP Majid Emami sold 32,741 shares of the firm’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $10.66, for a total value of $349,019.06. Following the completion of the sale, the senior vice president directly owned 532,845 shares of the company’s stock, valued at $5,680,127.70. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Keyvan Mohajer sold 144,326 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $11.28, for a total value of $1,627,997.28. Following the transaction, the chief executive officer directly owned 2,198,287 shares in the company, valued at $24,796,677.36. This represents a 6.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 460,922 shares of company stock worth $5,199,073 in the last three months. Insiders own 9.17% of the company’s stock.

Key Stories Impacting SoundHound AI

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

• Positive Sentiment: Q4 and full-year 2025 revenue strength plus bullish 2026 guide: SoundHound reported a 59% Q4 revenue increase and nearly doubled 2025 sales; management gave 2026 revenue guidance of $225M–$260M, which supports a faster-growth narrative for enterprise AI customers. SoundHound’s 59% Revenue Surge in 2025
• Positive Sentiment: Commercial expansion and new product rollout: SoundHound launched a voice‑powered “Sales Assist” agent for retail staff and opened an innovation hub in Bengaluru — moves that can accelerate customer deployments and lower engineering costs long term. Sales Assist Rollout And Bengaluru Hub
• Positive Sentiment: Investor/analyst interest and thematic buy lists: Several outlets and analyst notes continue to flag SoundHound as an AI/IT-services play worth watching, and it appears on thematic “buy” lists tied to AI/cloud spending that can help attract momentum buyers. Buy 5 Computers IT Services Stocks to Boost Your Portfolio in 2026
• Neutral Sentiment: Analysts remain split after Q4: Some firms (e.g., D.A. Davidson) reiterated Buy ratings and higher price targets citing growth potential, while others are more cautious — this mixed coverage yields trading volatility but not a clear directional consensus. Analysts Split After Q4 Results
• Neutral Sentiment: Media/analysis pieces framing SoundHound as an “agentic AI” growth story — useful for longer-term thesis but less likely to drive near-term price moves compared with earnings, guidance or analyst actions. Is SoundHound Stock a Buy?
• Negative Sentiment: Analyst downgrades and bearish forecasts pressured the stock recently: several notes reporting downgrades and a pessimistic HC Wainwright outlook triggered share weakness and a gap down, increasing short‑term downside risk if guidance or execution slips. Stock Down on Analyst Downgrade
• Negative Sentiment: Sell‑side skepticism on near‑term profitability: despite top‑line acceleration, the company is still unprofitable with negative net margin/ROE, which leaves valuations sensitive to execution and margin improvement timing. Shares Gap Down After Analyst Downgrade

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.