Corient Private Wealth LP Purchases 156,612 Shares of SoundHound AI, Inc. $SOUN

Key Points

• Corient Private Wealth LP increased its SoundHound AI stake by 777.2% in the second quarter, purchasing 156,612 shares and bringing its holdings to 176,764 shares valued at approximately $1.14 million.
• Other institutional investors also added to their positions, while insiders sold 288,758 shares worth about $1.83 million over the past 90 days to cover tax obligations related to equity awards.
• SoundHound reported better-than-expected quarterly results, with revenue rising 45% year over year to $61.9 million and an adjusted EPS loss of $0.02. However, analyst sentiment is mixed: the stock carries a “Moderate Buy” consensus, while recent price-target cuts and sell ratings remain concerns.

Corient Private Wealth LP grew its position in shares of SoundHound AI, Inc. (NASDAQ:SOUN - Free Report) by 777.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 176,764 shares of the company's stock after buying an additional 156,612 shares during the quarter. Corient Private Wealth LP's holdings in SoundHound AI were worth $1,144,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of SoundHound AI by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 9,180,321 shares of the company's stock valued at $91,543,000 after acquiring an additional 273,097 shares in the last quarter. Swiss National Bank increased its stake in shares of SoundHound AI by 3.7% during the first quarter. Swiss National Bank now owns 767,100 shares of the company's stock worth $5,270,000 after acquiring an additional 27,300 shares during the period. California State Teachers Retirement System raised its holdings in SoundHound AI by 25.0% during the first quarter. California State Teachers Retirement System now owns 440,023 shares of the company's stock worth $3,023,000 after purchasing an additional 87,998 shares in the last quarter. AXQ Capital LP raised its holdings in SoundHound AI by 395.6% during the second quarter. AXQ Capital LP now owns 254,744 shares of the company's stock worth $1,648,000 after purchasing an additional 203,345 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in SoundHound AI in the first quarter valued at about $1,606,000. Institutional investors and hedge funds own 19.28% of the company's stock.

Insider Activity at SoundHound AI

In other news, COO Michael Zagorsek sold 71,113 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $6.33, for a total transaction of $450,145.29. Following the sale, the chief operating officer owned 2,600,231 shares of the company's stock, valued at $16,459,462.23. The trade was a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider James Hom sold 38,730 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $6.33, for a total value of $245,160.90. Following the completion of the sale, the insider owned 1,105,555 shares in the company, valued at approximately $6,998,163.15. This represents a 3.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 288,758 shares of company stock valued at $1,828,598 in the last 90 days. Insiders own 8.84% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SOUN. Wall Street Zen lowered SoundHound AI from a "sell" rating to a "strong sell" rating in a report on Saturday. DA Davidson cut their target price on SoundHound AI from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Piper Sandler reduced their price target on SoundHound AI from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Tuesday, September 22nd. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of SoundHound AI in a report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SoundHound AI currently has an average rating of "Moderate Buy" and a consensus price target of $12.75.

Key Headlines Impacting SoundHound AI

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

• Positive Sentiment: OASYS Edge expands SoundHound’s addressable market. The company introduced an architecture that embeds LLM-powered, agentic voice AI directly into vehicles and smart devices. Manufacturers can deploy the same AI agent in cloud, edge or hybrid environments, with availability expected in late 2026. This could support broader adoption and lower deployment costs, although commercial revenue is not immediate. SoundHound AI Introduces OASYS Edge
• Positive Sentiment: Investors continue to focus on SoundHound as an AI growth stock. Recent coverage highlights its revenue growth, narrowing losses and potential to benefit from demand for embedded voice and agentic AI, providing a constructive long-term narrative. Cerebras vs. SoundHound comparison
• Neutral Sentiment: Heavy investor attention is increasing volatility. SoundHound is among the most-watched stocks on Zacks and is being compared with other AI companies as a potential 2026 investment. The attention may support trading interest but does not by itself change the company’s fundamentals. Is Trending Stock SoundHound AI a Buy Now?
• Negative Sentiment: Analyst actions are weighing on sentiment. Piper Sandler lowered its SoundHound price target to $6.00, and separate coverage linked a decline in the stock to an analyst downgrade. The reduced target signals limited near-term upside and reinforces concerns about valuation and continued losses. Piper Sandler Lowers SoundHound Price Target
• Negative Sentiment: Short-selling data suggests potential pressure but is inconsistent. One report places SOUN among stocks with short interest above one-third of the float, while another lists zero shares short, indicating a possible data discrepancy. If the higher figure is accurate, it could amplify volatility and downside risk, though it also creates squeeze potential. Squeeze Watch: Stocks With High Short Interest

SoundHound AI Stock Down 1.0%

Shares of NASDAQ SOUN opened at $6.04 on Friday. SoundHound AI, Inc. has a 52 week low of $5.65 and a 52 week high of $22.17. The firm has a 50-day moving average price of $6.64 and a 200 day moving average price of $7.14. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -15.89 and a beta of 2.66.

SoundHound AI (NASDAQ:SOUN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.11. SoundHound AI had a negative net margin of 67.45% and a negative return on equity of 30.22%. The firm had revenue of $61.90 million for the quarter, compared to the consensus estimate of $52.38 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The firm's revenue was up 45.0% on a year-over-year basis. Equities research analysts expect that SoundHound AI, Inc. will post -0.32 EPS for the current fiscal year.

About SoundHound AI

SoundHound AI, Inc develops conversational artificial intelligence and voice-enabled technologies. Its platform is designed to let users interact with devices, applications and services through natural-language speech, supporting functions such as information retrieval, question answering and task completion.

The company's offerings include the Houndify conversational AI platform, which businesses can use to build branded voice assistants, as well as SoundHound Chat AI, an in-car and consumer-oriented voice assistant that combines conversational capabilities with access to information and services.

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