Key Points
- CTO Timothy Stonehocker sold 29,676 shares on Jan 9 at an average price of $12.00 for about $356,112, trimming his stake to 544,179 shares (a 5.17% reduction); he also sold 31,329 shares on Dec 22 and 2,121 shares on Dec 24.
- Stock and results: SOUN opened at $11.08, trades in a 52‑week range of $6.52–$22.17 with a $4.65B market cap and negative P/E, while recent quarterly revenue rose 67.6% YoY to $42.05M and EPS beat estimates (‑$0.03 vs. ‑$0.09) despite very large negative margins.
- Analyst and institutional backdrop: Analysts show a consensus "Moderate Buy" target of $16.07 (mixed ratings), and major institutions hold large stakes—Vanguard owns ~43.46M shares—while institutional ownership stands at about 19.28%.
SoundHound AI, Inc. (NASDAQ:SOUN - Get Free Report) CTO Timothy Stonehocker sold 29,676 shares of the business's stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $12.00, for a total value of $356,112.00. Following the completion of the sale, the chief technology officer owned 544,179 shares of the company's stock, valued at $6,530,148. The trade was a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Timothy Stonehocker also recently made the following trade(s):
- On Wednesday, December 24th, Timothy Stonehocker sold 2,121 shares of SoundHound AI stock. The shares were sold at an average price of $10.97, for a total transaction of $23,267.37.
- On Monday, December 22nd, Timothy Stonehocker sold 31,329 shares of SoundHound AI stock. The stock was sold at an average price of $11.28, for a total transaction of $353,391.12.
SoundHound AI Stock Performance
Shares of SoundHound AI stock opened at $11.08 on Wednesday. SoundHound AI, Inc. has a 52-week low of $6.52 and a 52-week high of $22.17. The company has a fifty day moving average of $11.73 and a 200-day moving average of $13.57. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of -13.19 and a beta of 2.65.
SoundHound AI (NASDAQ:SOUN - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.06. SoundHound AI had a negative net margin of 211.16% and a negative return on equity of 93.64%. The business had revenue of $42.05 million during the quarter, compared to the consensus estimate of $40.48 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm's revenue for the quarter was up 67.6% on a year-over-year basis. On average, equities research analysts forecast that SoundHound AI, Inc. will post -0.38 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on SOUN. DA Davidson set a $14.00 target price on shares of SoundHound AI in a 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. HC Wainwright upped their price objective on shares of SoundHound AI from $18.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, October 16th. Piper Sandler cut their target price on SoundHound AI from $15.00 to $11.00 and set a "neutral" rating on the stock in a research note on Monday, January 5th. Finally, Cantor Fitzgerald upgraded SoundHound AI from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $13.00 to $15.00 in a report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.07.
View Our Latest Analysis on SOUN
Hedge Funds Weigh In On SoundHound AI
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of SoundHound AI by 16.4% during the 3rd quarter. Vanguard Group Inc. now owns 43,457,569 shares of the company's stock worth $698,798,000 after acquiring an additional 6,132,648 shares during the period. Geode Capital Management LLC boosted its position in shares of SoundHound AI by 8.3% during the second 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 in the last quarter. State Street Corp grew its stake in SoundHound AI by 9.1% in the second quarter. State Street Corp now owns 8,476,348 shares of the company's stock worth $90,951,000 after purchasing an additional 708,369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in SoundHound AI by 13.4% in the third 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 in the last quarter. Finally, Northern Trust Corp lifted its position in SoundHound AI by 1.2% during the third quarter. Northern Trust Corp now owns 3,181,651 shares of the company's stock valued at $51,161,000 after buying an additional 38,966 shares during the period. Hedge funds and other institutional investors own 19.28% of the company's stock.
SoundHound AI Company Profile
(
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.
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