SoundHound AI (NASDAQ:SOUN) Shares Acquired Rep. Cleo Fields

Key Points

• Representative Cleo Fields purchased between $1,001 and $15,000 worth of shares in SoundHound AI, Inc. (NASDAQ:SOUN) on July 16th, as disclosed in a filing.
• SoundHound AI reported a loss of $0.19 earnings per share for the last quarter, missing estimates, but achieved a revenue growth of 216.3% compared to the same quarter last year.
• Analysts have a consensus rating of "Hold" on SoundHound AI, with an average price target of $10.50 after several price adjustments from various firms.

Representative Cleo Fields (D-Louisiana) recently bought shares of SoundHound AI, Inc. NASDAQ: SOUN. In a filing disclosed on August 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in SoundHound AI stock on July 16th. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE #2" account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 7/30/2025.
• Purchased $100,001 - $250,000 in shares of Alphabet NASDAQ: GOOG on 7/30/2025.
• Purchased $100,001 - $250,000 in shares of Apple NASDAQ: AAPL on 7/29/2025.
• Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 7/29/2025.
• Purchased $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Meta Platforms NASDAQ: META on 7/29/2025.
• Purchased $250,001 - $500,000 in shares of NVIDIA NASDAQ: NVDA on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOG on 7/29/2025.
• Purchased $100,001 - $250,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.
• Purchased $50,001 - $100,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.

SoundHound AI Price Performance

SoundHound AI stock traded up $2.36 during mid-day trading on Monday, hitting $15.91. The company's stock had a trading volume of 66,900,228 shares, compared to its average volume of 40,439,398. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of -25.20 and a beta of 2.57. The business has a 50 day moving average price of $10.76 and a 200-day moving average price of $10.45. SoundHound AI, Inc. has a 12 month low of $4.32 and a 12 month high of $24.98.

SoundHound AI (NASDAQ:SOUN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The business had revenue of $42.68 million during the quarter, compared to the consensus estimate of $32.88 million. SoundHound AI had a negative return on equity of 77.38% and a negative net margin of 171.81%. The business's revenue for the quarter was up 216.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. On average, equities research analysts expect that SoundHound AI, Inc. will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on SOUN shares. LADENBURG THALM/SH SH raised shares of SoundHound AI from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $9.00 to $16.00 in a research note on Monday. Piper Sandler restated a "neutral" rating and issued a $12.00 price objective on shares of SoundHound AI in a research report on Monday, July 14th. Wall Street Zen cut shares of SoundHound AI from a "hold" rating to a "sell" rating in a research report on Saturday. Northland Securities upgraded shares of SoundHound AI from a "market perform" rating to an "outperform" rating and set a $14.50 price objective on the stock in a research report on Friday. Finally, Northland Capmk upgraded shares of SoundHound AI from a "hold" rating to a "strong-buy" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.36.

Insider Activity at SoundHound AI

In related news, CEO Keyvan Mohajer sold 254,376 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $9.36, for a total transaction of $2,380,959.36. Following the transaction, the chief executive officer owned 1,749,790 shares in the company, valued at $16,378,034.40. The trade was a 12.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Majid Emami sold 132,352 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $10.04, for a total transaction of $1,328,814.08. Following the transaction, the vice president owned 537,482 shares in the company, valued at $5,396,319.28. This represents a 19.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 957,474 shares of company stock valued at $9,209,697 over the last three months. Corporate insiders own 9.17% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its position in shares of SoundHound AI by 62.7% during the fourth quarter. Sei Investments Co. now owns 48,196 shares of the company's stock valued at $956,000 after buying an additional 18,566 shares during the period. Prudential Financial Inc. increased its position in shares of SoundHound AI by 8.9% during the fourth quarter. Prudential Financial Inc. now owns 21,130 shares of the company's stock valued at $419,000 after buying an additional 1,720 shares during the period. JPMorgan Chase & Co. increased its position in shares of SoundHound AI by 5.8% during the fourth quarter. JPMorgan Chase & Co. now owns 286,817 shares of the company's stock valued at $5,690,000 after buying an additional 15,672 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of SoundHound AI during the fourth quarter valued at about $127,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of SoundHound AI during the fourth quarter valued at about $213,000. 19.28% of the stock is currently owned by institutional investors.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana's 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026. Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor's degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

SoundHound AI Company Profile

SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.