SoundHound AI (NASDAQ:SOUN) Stock Price Down 4.2% – Here’s What Happened

13 Jan 2026, 23:02 by Sarita Garza · The Markets Daily

SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report) shares traded down 4.2% on Tuesday . The company traded as low as $10.91 and last traded at $11.08. 30,311,726 shares were traded during mid-day trading, an increase of 1% from the average session volume of 30,082,293 shares. The stock had previously closed at $11.57.

Wall Street Analyst Weigh In

A number of research firms recently commented on SOUN. Piper Sandler lowered their price target on shares of SoundHound AI from $15.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, January 5th. DA Davidson set a $14.00 target price on SoundHound AI in a research report on Thursday, January 8th. Cantor Fitzgerald raised SoundHound AI from a “neutral” rating to an “overweight” rating and upped their price target for the company from $13.00 to $15.00 in a research report on Friday, December 12th. LADENBURG THALM/SH SH upgraded SoundHound AI to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, HC Wainwright boosted their price objective on SoundHound AI from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.07.

Read Our Latest Stock Report on SoundHound AI

SoundHound AI Trading Down 4.2%

The business has a fifty day moving average of $11.81 and a 200-day moving average of $13.56. The firm has a market cap of $4.65 billion, a PE ratio of -13.19 and a beta of 2.65.

SoundHound AI (NASDAQ:SOUN – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.06. SoundHound AI had a negative return on equity of 93.64% and a negative net margin of 211.16%.The firm had revenue of $42.05 million for the quarter, compared to analysts’ expectations of $40.48 million. During the same period in the prior year, the business posted ($0.04) earnings per share. The company’s revenue was up 67.6% on a year-over-year basis. On average, equities analysts forecast that SoundHound AI, Inc. will post -0.38 EPS for the current year.

Insider Transactions at SoundHound AI

In related news, COO Michael Zagorsek sold 73,406 shares of SoundHound AI stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $11.28, for a total transaction of $828,019.68. Following the completion of the sale, the chief operating officer owned 1,787,459 shares of the company’s stock, valued at approximately $20,162,537.52. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Nitesh Sharan sold 60,780 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $11.28, for a total value of $685,598.40. Following the transaction, the chief financial officer owned 1,705,148 shares of the company’s stock, valued at approximately $19,234,069.44. The trade was a 3.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 432,589 shares of company stock worth $4,860,406. 9.17% of the stock is owned by corporate insiders.

Institutional Trading of SoundHound AI

A number of large investors have recently modified their holdings of the business. Y Intercept Hong Kong Ltd bought a new stake in shares of SoundHound AI in the 2nd quarter valued at about $3,696,000. Kieckhefer Group LLC increased its stake in SoundHound AI by 47.2% in the 3rd quarter. Kieckhefer Group LLC now owns 259,000 shares of the company’s stock worth $4,165,000 after purchasing an additional 83,000 shares during the period. Osaic Holdings Inc. increased its stake in SoundHound AI by 14.0% in 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. Sigma Planning Corp lifted its position in SoundHound AI by 238.1% in the second quarter. Sigma Planning Corp now owns 106,661 shares of the company’s stock valued at $1,144,000 after purchasing an additional 75,113 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of SoundHound AI by 8.9% during the first quarter. Rhumbline Advisers now owns 457,107 shares of the company’s stock valued at $3,712,000 after purchasing an additional 37,431 shares during the period. Institutional investors own 19.28% of the company’s stock.

SoundHound AI Company Profile

(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.