Key Points
- CTO Timothy Stonehocker sold 23,087 shares on March 20 at an average price of $6.79 for about $156,761, reducing his stake by 4.24% to 521,092 shares valued at roughly $3.54M.
- The CTO sale was part of coordinated insider selling by multiple senior executives the same day (including the CEO, CFO and COO), a development that can create near‑term supply pressure and unsettle investors.
- Fundamentals are mixed: revenue grew 59.4% year‑over‑year but the company remains unprofitable (negative EPS/net margin), the stock trades near its one‑year low (~$6.34), and analysts show a consensus "Moderate Buy" with a $14.93 target.
SoundHound AI, Inc. (NASDAQ:SOUN - Get Free Report) CTO Timothy Stonehocker sold 23,087 shares of the company's stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $6.79, for a total value of $156,760.73. Following the completion of the sale, the chief technology officer owned 521,092 shares of the company's stock, valued at $3,538,214.68. This trade represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Timothy Stonehocker also recently made the following trade(s):
- On Friday, January 9th, Timothy Stonehocker sold 29,676 shares of SoundHound AI stock. The shares were sold at an average price of $12.00, for a total value of $356,112.00.
SoundHound AI Stock Performance
Shares of SoundHound AI stock opened at $6.48 on Thursday. The business's 50 day moving average price is $8.39 and its 200 day moving average price is $12.17. The company has a market cap of $2.74 billion, a price-to-earnings ratio of -129.57 and a beta of 2.65. SoundHound AI, Inc. has a one year low of $6.34 and a one year high of $22.17.
SoundHound AI (NASDAQ:SOUN - Get Free Report) last issued its 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 return on equity of 3.63% and a negative net margin of 8.71%.The company had revenue of $55.06 million during the quarter, compared to analysts' expectations of $53.88 million. During the same period in the prior year, the business earned ($0.05) EPS. The firm's quarterly revenue was up 59.4% on a year-over-year basis. On average, analysts predict that SoundHound AI, Inc. will post -0.38 EPS for the current fiscal year.
Hedge Funds Weigh In On SoundHound AI
A number of hedge funds have recently modified their holdings of SOUN. Royal Bank of Canada increased its position in shares of SoundHound AI by 71.3% during the 1st quarter. Royal Bank of Canada now owns 160,299 shares of the company's stock worth $1,301,000 after purchasing an additional 66,714 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in SoundHound AI by 8.9% in the first quarter. Integrated Wealth Concepts LLC now owns 14,676 shares of the company's stock valued at $119,000 after buying an additional 1,201 shares during the last quarter. NewEdge Advisors LLC lifted its position in SoundHound AI by 12.9% in the first quarter. NewEdge Advisors LLC now owns 41,030 shares of the company's stock valued at $333,000 after buying an additional 4,692 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake 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 period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 period. 19.28% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on SOUN shares. Zacks Research upgraded shares of SoundHound AI from a "strong sell" rating to a "hold" rating in a research report on Monday, February 9th. Piper Sandler reiterated a "neutral" rating and issued a $9.00 target price (down from $11.00) on shares of SoundHound AI in a report on Friday, February 27th. Cantor Fitzgerald raised shares of SoundHound AI from a "neutral" rating to an "overweight" rating and increased their price target for the company from $13.00 to $15.00 in a research note on Friday, December 12th. DA Davidson set a $14.00 price target on shares of SoundHound AI in a research note on Thursday, January 8th. Finally, LADENBURG THALM/SH SH upgraded shares of SoundHound AI to a "strong-buy" rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.93.
Check Out Our Latest Analysis on SOUN
Trending Headlines about SoundHound AI
Here are the key news stories impacting SoundHound AI this week:
- Positive Sentiment: Analyst/feature pieces highlight SoundHound’s long‑term opportunity in voice‑powered, agentic AI, reinforcing the growth narrative for patient investors. 2 Tech Stocks Most Investors Haven't Heard of That Could Go Parabolic
- Neutral Sentiment: Comparative write‑ups (e.g., BigBear.ai vs SoundHound) analyze relative survivability in the AI sell‑off — useful context but not an immediate catalyst. BigBear.ai vs. SoundHound AI: One Is Surviving the AI Sell-Off. The Other Isn't.
- Neutral Sentiment: Short‑interest data reported for March appears to show zero shares and NaN changes — likely a reporting/data artifact. This creates no clear short‑pressure signal today. (Multiple short‑interest updates were posted by data services.)
- Negative Sentiment: Material insider selling on Mar. 20: CEO Keyvan Mohajer, CFO Nitesh Sharan, COO Michael Zagorsek, CTO Timothy Stonehocker, SVP Majid Emami, and others sold blocks at an average price near $6.79 — large coordinated sales by senior executives often spook investors and signal near‑term supply pressure. Example SEC filing for the CEO sale: CEO Insider Sale SEC Filing
- Negative Sentiment: High‑profile skepticism: Jim Cramer publicly called SoundHound a “continual money loser” on Mad Money — negative media commentary from influential commentators can amplify selling pressure. Jim Cramer on SoundHound AI
- Negative Sentiment: Sector competition/news hit: a Yahoo Markets roundup flagged AI assistants (Anthropic’s Claude adding device control) as triggering a sell‑off in related AI names, including SoundHound — increasing competitive risk and shorter‑term downward pressure. Health Catalyst, Asure Software, GitLab, Zeta Global, and SoundHound AI Shares Plummet
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.
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