Caitong International Asset Management Co. Ltd Sells 102,318 Shares of SoundHound AI, Inc. $SOUN

Caitong International Asset Management Co. Ltd lowered its holdings in SoundHound AI, Inc. (NASDAQ:SOUN) by 92.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,513 shares of the company’s stock after selling 102,318 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in SoundHound AI were worth $137,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of SoundHound AI by 16.4% during the third quarter. Vanguard Group Inc. now owns 43,457,569 shares of the company’s stock worth $698,798,000 after purchasing an additional 6,132,648 shares in the last quarter. Geode Capital Management LLC lifted its position in SoundHound AI by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 8,830,144 shares of the company’s stock valued at $94,759,000 after purchasing an additional 679,436 shares during the period. State Street Corp grew its holdings in SoundHound AI by 9.1% during the 2nd quarter. State Street Corp now owns 8,476,348 shares of the company’s stock worth $90,951,000 after acquiring an additional 708,369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of SoundHound AI by 13.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,697,346 shares of the company’s stock worth $91,604,000 after purchasing an additional 672,714 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of SoundHound AI by 1.2% in the 3rd quarter. Northern Trust Corp now owns 3,181,651 shares of the company’s stock worth $51,161,000 after purchasing an additional 38,966 shares during the last quarter. Institutional investors and hedge funds own 19.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SOUN shares. LADENBURG THALM/SH SH raised SoundHound AI to a “strong-buy” rating in a research note on Thursday, December 18th. Zacks Research raised SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings restated a “sell (d-)” rating on shares of SoundHound AI in a report on Friday, January 9th. HC Wainwright dropped their price target on SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $9.00 price target (down from $11.00) on shares of SoundHound AI in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, SoundHound AI presently has a consensus rating of “Moderate Buy” and an average target price of $14.93.

SoundHound AI Stock Down 5.5%

NASDAQ:SOUN opened at $7.39 on Thursday. The company has a market cap of $3.10 billion, a P/E ratio of -147.77 and a beta of 2.65. SoundHound AI, Inc. has a twelve month low of $6.52 and a twelve month high of $22.17. The business has a 50 day moving average price of $8.86 and a two-hundred day moving average price of $12.40.

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

Insider Activity

In other news, insider James Ming Hom sold 42,600 shares of SoundHound AI stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $11.28, for a total value of $480,528.00. Following the completion of the transaction, the insider owned 803,383 shares of the company’s stock, valued at $9,062,160.24. This trade represents a 5.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Keyvan Mohajer sold 144,326 shares of the business’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 $1,627,997.28. Following the transaction, the chief executive officer owned 2,198,287 shares in the company, valued at $24,796,677.36. This represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 460,922 shares of company stock worth $5,199,073. Corporate insiders own 9.17% of the company’s stock.

SoundHound AI News Summary

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

• Positive Sentiment: Strategic global partnership with ManpowerGroup’s Experis to embed SoundHound’s conversational/agentic AI into Experis’ new Enterprise AI Services Suite, which could accelerate large-enterprise deployments and recurring revenue opportunities. ManpowerGroup’s Experis and SoundHound AI Announce Strategic Partnership to Accelerate and Scale Enterprise AI Adoption
• Positive Sentiment: Product milestone — SoundHound showcased a multimodal, multilingual, fully on-device agentic car assistant at NVIDIA GTC, positioning the company for automaker deals where privacy, latency, and offline capability are selling points. This strengthens differentiation versus cloud-dependent competitors. SoundHound AI’s On Device Auto Platform Debut And What It Means For SOUN
• Neutral Sentiment: Investor commentary piece examines how the on-device automotive platform and enterprise traction might be valued by the market, noting potential upside if adoption scales but also execution risk — useful context but not new company guidance. How Investors May Respond To SoundHound AI (SOUN) Unveiling On-Device Multimodal Agentic Car Assistant Platform
• Negative Sentiment: CFO Nitesh Sharan will depart on April 3 to join a quantum computing company; executive exits can create near-term uncertainty around financial planning/standards and may worry investors until a successor and transition plan are clear. SoundHound AI Announces CFO Transition
• Negative Sentiment: Analyst note (Zacks) flags rising competition and widening loss estimates despite rapid revenue growth — a reminder that scale, margin improvement, and path to profitability remain market concerns. SOUN’s AI-Driven Automation: The Future of Customer Service?

About SoundHound AI

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.