SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report) insider James Ming Hom sold 28,843 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.46, for a total transaction of $215,168.78. Following the completion of the sale, the insider directly owned 743,521 shares in the company, valued at approximately $5,546,666.66. This represents a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
James Ming Hom also recently made the following trade(s):
- On Friday, March 20th, James Ming Hom sold 31,019 shares of SoundHound AI stock. The shares were sold at an average price of $6.79, for a total transaction of $210,619.01.
SoundHound AI Trading Up 2.3%
SoundHound AI stock opened at $7.12 on Friday. SoundHound AI, Inc. has a 1-year low of $5.83 and a 1-year high of $22.17. The company has a fifty day simple moving average of $7.94 and a 200 day simple moving average of $8.78. The company has a market cap of $3.08 billion, a P/E ratio of -15.15 and a beta of 2.56.
Trending Headlines about SoundHound AI
Here are the key news stories impacting SoundHound AI this week:
- Positive Sentiment: SoundHound highlighted new research showing 96% of organizations say agentic AI deployments met or exceeded ROI expectations, reinforcing the company’s opportunity in enterprise voice and customer-service automation. Article: Research Finds 96% of Organizations Report that Agentic AI Deployments Met or Exceeded ROI Expectations in 2026
- Positive Sentiment: Coverage on SoundHound’s drive-thru AI business said restaurant rollouts are showing ROI, with cross-selling and Voice Insight adoption supporting broader commercialization. Article: SoundHound’s Drive-Thru AI Shows ROI: Can Restaurant Rollouts Scale?
- Positive Sentiment: One market commentary argued SOUN could be materially undervalued despite recent weakness, suggesting investors still see upside if growth continues. Article: SoundHound AI (SOUN) Stock Could Be 50.3% Undervalued Despite Its Recent Share Price Slide
- Neutral Sentiment: SoundHound’s stock also outpaced the broader market in the latest session, reflecting renewed trading interest after the recent slide. Article: SoundHound AI, Inc. (SOUN) Outpaces Stock Market Gains: What You Should Know
- Neutral Sentiment: Multiple executives sold shares on June 15, but the company said the transactions were tied to tax withholding from vested equity awards, making them less alarming than open-market selling. Article: SoundHound AI (NASDAQ:SOUN) CTO Timothy Stonehocker Sells 18,802 Shares
- Negative Sentiment: Retail coverage noted concern about insider share disposals and rising losses, which can weigh on sentiment in a stock already seen as volatile. Article: SOUN Stock Eyes Worst Month This Year: Insider Share Disposals At SoundHound AI Draw Retail Attention
Analyst Upgrades and Downgrades
Several research analysts recently commented on SOUN shares. DA Davidson reissued a “buy” rating and set a $14.00 price target on shares of SoundHound AI in a research report on Wednesday, April 22nd. HC Wainwright lowered 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. Piper Sandler reiterated a “neutral” rating and set a $9.00 price objective (down from $11.00) on shares of SoundHound AI in a research note on Friday, February 27th. LADENBURG THALM/SH SH upgraded SoundHound AI to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SoundHound AI in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.93.
Get Our Latest Stock Report on SOUN
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of SoundHound AI by 71.3% in the 1st quarter. Royal Bank of Canada now owns 160,299 shares of the company’s stock valued at $1,301,000 after purchasing an additional 66,714 shares during the period. Integrated Wealth Concepts LLC grew its holdings in SoundHound AI by 8.9% during the first quarter. Integrated Wealth Concepts LLC now owns 14,676 shares of the company’s stock worth $119,000 after purchasing an additional 1,201 shares during the period. NewEdge Advisors LLC grew its holdings in SoundHound AI by 12.9% during the first quarter. NewEdge Advisors LLC now owns 41,030 shares of the company’s stock worth $333,000 after purchasing an additional 4,692 shares during the period. Goldman Sachs Group Inc. increased its position in SoundHound AI by 69.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,639,689 shares of the company’s stock worth $21,434,000 after buying 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 position in SoundHound AI by 10.1% during the first 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 buying an additional 63,398 shares during the last quarter. 19.28% of the stock is currently owned by institutional investors and hedge funds.
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.
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