SoundHound AI (NASDAQ:SOUN) Shares Up 1.9% – Here’s What Happened

SoundHound AI, Inc. (NASDAQ:SOUN) shares were up 1.9% on Wednesday . The company traded as high as $6.65 and last traded at $6.48. Approximately 26,977,235 shares changed hands during trading, a decline of 2% from the average daily volume of 27,435,529 shares. The stock had previously closed at $6.36.

Key SoundHound AI News

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

• Positive Sentiment: Quarterly results point to growth — SoundHound reported strong top-line growth (revenue up ~59% year-over-year, beat revenue estimates and EPS roughly in line), which supports longer-term adoption of its voice-agent tech. (Earnings context from company/MarketBeat summary)
• Positive Sentiment: Street idea of upside from voice-agent AI — The Motley Fool highlighted SoundHound as one of two lesser-known AI names with “parabolic” upside potential on voice-powered agentic AI, reinforcing a narrative of sizable addressable market if adoption accelerates. 2 Tech Stocks Most Investors Haven’t Heard of That Could Go Parabolic
• Neutral Sentiment: Short-interest data reported appears inconsistent/erroneous (multiple entries show 0 shares / NaN changes); treat short-interest signals cautiously until clarified by exchanges or official reports.
• Neutral Sentiment: Relative valuation/positioning vs. peers — A Fool piece compared BigBear.ai and SoundHound amid the 2026 AI sell-off, useful for benchmarking but not a clear buy/sell verdict by itself. BigBear.ai vs. SoundHound AI: One Is Surviving the AI Sell-Off. The Other Isn’t.
• Negative Sentiment: Insider selling by multiple senior executives — CEO Keyvan Mohajer, CFO, COO, CTO and other senior officers sold sizable blocks on March 20–23 (CEO sale ~124,510 shares at ~$6.79). Large, coordinated insider sales can spook investors even if disclosed as routine diversification; see the SEC filing for the CEO sale. CEO SEC Filing
• Negative Sentiment: High-profile skepticism from Jim Cramer — In a Mad Money recap Cramer called SoundHound “a continual money loser,” a comment that can influence retail sentiment and add selling pressure. Jim Cramer on SoundHound AI
• Negative Sentiment: Sector pressure after Anthropic feature release — Yahoo reported shares across several AI/assistant names fell when Anthropic announced new agent capabilities that can control computers; that competitive development raises risk for incumbents and may have triggered intraday weakness. Health Catalyst, Asure Software, GitLab, Zeta Global, and SoundHound AI Shares Plummet

Analyst Ratings Changes

A number of research firms have weighed in on SOUN. DA Davidson set a $14.00 price objective on shares of SoundHound AI in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SoundHound AI in a research report on Friday, January 9th. Piper Sandler reiterated 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. Zacks Research upgraded SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, HC Wainwright dropped their price objective on SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. One research 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 issued a Sell rating to the stock. According to data from MarketBeat, SoundHound AI presently has a consensus rating of “Moderate Buy” and an average target price of $14.93.

SoundHound AI Trading Up 1.9%

The company has a market cap of $2.74 billion, a P/E ratio of -129.57 and a beta of 2.65. The company’s 50-day moving average price is $8.49 and its two-hundred day moving average price is $12.21.

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

Insider Buying and Selling

In other news, SVP Majid Emami sold 32,741 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $10.66, for a total value of $349,019.06. Following the completion of the sale, the senior vice president directly owned 532,845 shares in the company, valued at approximately $5,680,127.70. The trade was a 5.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Ming Hom sold 31,019 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 $210,619.01. Following the sale, the insider directly owned 772,364 shares in the company, valued at approximately $5,244,351.56. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 370,390 shares of company stock worth $2,796,241. 9.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SOUN. Kieckhefer Group LLC boosted its stake in SoundHound AI by 47.2% in the third quarter. Kieckhefer Group LLC now owns 259,000 shares of the company’s stock valued at $4,165,000 after acquiring an additional 83,000 shares during the period. Osaic Holdings Inc. raised its position in shares of SoundHound AI by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 498,691 shares of the company’s stock worth $5,351,000 after purchasing an additional 61,212 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of SoundHound AI by 252.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 218,868 shares of the company’s stock worth $3,519,000 after purchasing an additional 156,835 shares during the period. Fluent Financial LLC bought a new stake in shares of SoundHound AI in the 3rd quarter worth approximately $1,083,000. Finally, Carnegie Investment Counsel lifted its holdings in shares of SoundHound AI by 13.7% in the 3rd quarter. Carnegie Investment Counsel now owns 1,363,405 shares of the company’s stock worth $21,924,000 after purchasing an additional 164,725 shares during the last quarter. 19.28% of the stock is currently owned by institutional investors.

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.