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
Shares of SOUN stock opened at $10.72 on Friday. The stock has a market capitalization of $4.31 billion, a PE ratio of -19.49 and a beta of 2.57. SoundHound AI, Inc. has a 1-year low of $4.32 and a 1-year high of $24.98. The business has a 50-day moving average of $10.69 and a 200 day moving average of $10.56.
SoundHound AI (NASDAQ:SOUN - Get Free Report) last issued its 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 company had revenue of $42.68 million for the quarter, compared to analysts' expectations of $32.88 million. SoundHound AI had a negative net margin of 184.34% and a negative return on equity of 68.55%. The company's revenue was up 216.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) earnings per share. Analysts anticipate that SoundHound AI, Inc. will post -0.38 EPS for the current year.
Institutional Investors Weigh In On SoundHound AI
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in SoundHound AI by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 35,059,943 shares of the company's stock worth $284,687,000 after buying an additional 3,028,281 shares during the period. Geode Capital Management LLC lifted its holdings in SoundHound AI by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 7,509,496 shares of the company's stock worth $149,024,000 after buying an additional 315,897 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of SoundHound AI by 84.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,973,728 shares of the company's stock worth $40,390,000 after acquiring an additional 2,274,105 shares in the last quarter. Northern Trust Corp raised its position in shares of SoundHound AI by 2.5% in the 1st quarter. Northern Trust Corp now owns 2,979,011 shares of the company's stock worth $24,190,000 after acquiring an additional 72,766 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SoundHound AI by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,847,261 shares of the company's stock worth $23,120,000 after acquiring an additional 121,568 shares in the last quarter. Hedge funds and other institutional investors own 19.28% of the company's stock.
Wall Street Analyst Weigh In
SOUN has been the subject of several analyst reports. Piper Sandler restated a "neutral" rating and set a $12.00 target price on shares of SoundHound AI in a report on Monday, July 14th. HC Wainwright dropped their target price on SoundHound AI from $26.00 to $18.00 and set a "buy" rating for the company in a report on Monday, May 12th. DA Davidson dropped their target price on SoundHound AI from $13.00 to $10.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Wedbush dropped their target price on SoundHound AI from $22.00 to $15.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, SoundHound AI currently has a consensus rating of "Hold" and an average price target of $10.50.
View Our Latest Report on SoundHound AI
Insider Transactions at SoundHound AI
In other news, CFO Nitesh Sharan sold 111,111 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $9.36, for a total value of $1,039,998.96. Following the completion of the transaction, the chief financial officer owned 1,442,900 shares of the company's stock, valued at approximately $13,505,544. This represents a 7.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Keyvan Mohajer sold 254,376 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $9.36, for a total value of $2,380,959.36. Following the completion of the transaction, the chief executive officer directly owned 1,749,790 shares of the company's stock, valued at $16,378,034.40. This represents a 12.69% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 961,289 shares of company stock worth $9,247,847. 9.17% of the stock is owned by insiders.
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.
About SoundHound AI
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider SoundHound AI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SoundHound AI wasn't on the list.
While SoundHound AI currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
