SoundHound AI (NASDAQ:SOUN) Stock Price Up 2.3% – Here’s What Happened

Posted by Geri Gentry on Jun 18th, 2026

SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report) was up 2.3% during trading on Thursday . The company traded as high as $7.15 and last traded at $7.12. Approximately 23,244,326 shares changed hands during trading, a decline of 15% from the average session volume of 27,457,070 shares. The stock had previously closed at $6.96.

More SoundHound AI News

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

Positive Sentiment: SoundHound highlighted growing restaurant AI momentum, saying its drive-thru AI is showing measurable ROI, which could support broader rollouts and future revenue growth. SoundHound’s Drive-Thru AI Shows ROI: Can Restaurant Rollouts Scale?
Positive Sentiment: The company also released data indicating that 96% of organizations reporting on agentic AI deployments said the projects met or exceeded ROI expectations, reinforcing the investment case for SoundHound’s voice and agentic AI offerings. Research Finds 96% of Organizations Report that Agentic AI Deployments Met or Exceeded ROI Expectations in 2026
Neutral Sentiment: Several SoundHound executives and insiders sold shares this week, but the company said the transactions were to cover tax withholding obligations tied to equity vesting, which softens the concern. SoundHound AI (NASDAQ:SOUN) CTO Timothy Stonehocker Sells 18,802 Shares
Negative Sentiment: Investors are also focused on rising losses and the cluster of insider sales, which has added to caution around the stock and helped weigh on sentiment. SOUN Stock Eyes Worst Month This Year: Insider Share Disposals At SoundHound AI Draw Retail Attention

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of SoundHound AI in a report on Monday. HC Wainwright lowered their price target on SoundHound AI from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. DA Davidson restated a “buy” rating and issued a $14.00 price objective on shares of SoundHound AI in a report on Wednesday, April 22nd. Piper Sandler restated 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. Finally, LADENBURG THALM/SH SH raised shares of SoundHound AI to a “strong-buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, SoundHound AI has an average rating of “Moderate Buy” and a consensus target price of $14.93.

Check Out Our Latest Report on SOUN

SoundHound AI Trading Up 2.3%

The stock has a market capitalization of $3.08 billion, a PE ratio of -15.15 and a beta of 2.56. The stock has a 50 day moving average price of $7.94 and a 200-day moving average price of $8.81.

SoundHound AI (NASDAQ:SOUN – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $44.20 million for the quarter, compared to the consensus estimate of $42.56 million. SoundHound AI had a negative net margin of 91.84% and a negative return on equity of 40.15%. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Research analysts forecast that SoundHound AI, Inc. will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In other SoundHound AI news, insider James Ming Hom sold 28,843 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.46, for a total transaction of $215,168.78. Following the sale, the insider owned 743,521 shares in the company, valued at approximately $5,546,666.66. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Timothy Stonehocker sold 18,802 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.46, for a total transaction of $140,262.92. Following the sale, the chief technology officer owned 502,290 shares in the company, valued at $3,747,083.40. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 575,995 shares of company stock worth $4,090,554 in the last ninety days. Corporate insiders own 8.84% of the company’s stock.

Institutional Trading of SoundHound AI

Several hedge funds have recently bought and sold shares of the stock. EP Wealth Advisors LLC lifted its position in shares of SoundHound AI by 5.3% in the second quarter. EP Wealth Advisors LLC now owns 14,100 shares of the company’s stock worth $151,000 after buying an additional 706 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in SoundHound AI by 2.7% during the third quarter. Newbridge Financial Services Group Inc. now owns 31,880 shares of the company’s stock worth $513,000 after acquiring an additional 830 shares during the last quarter. Insigneo Advisory Services LLC raised its position in SoundHound AI by 7.4% during the third quarter. Insigneo Advisory Services LLC now owns 12,416 shares of the company’s stock valued at $200,000 after purchasing an additional 858 shares during the period. Clear Creek Financial Management LLC lifted its stake in shares of SoundHound AI by 1.6% in the 4th quarter. Clear Creek Financial Management LLC now owns 58,091 shares of the company’s stock valued at $579,000 after purchasing an additional 941 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in SoundHound AI by 15.5% in the third quarter. PNC Financial Services Group Inc. now owns 7,127 shares of the company’s stock worth $115,000 after buying an additional 956 shares during the last quarter. Hedge funds and other institutional investors own 19.28% of the company’s stock.

About SoundHound AI

(Get Free Report)

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.