SoundHound AI, Inc. (NASDAQ:SOUN - Get Free Report) CTO Timothy Stonehocker sold 3,333 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $10.08, for a total value of $33,596.64. Following the transaction, the chief technology officer now directly owns 765,534 shares in the company, valued at $7,716,582.72. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Timothy Stonehocker also recently made the following trade(s):
- On Thursday, March 20th, Timothy Stonehocker sold 27,714 shares of SoundHound AI stock. The shares were sold at an average price of $9.90, for a total transaction of $274,368.60.
SoundHound AI Stock Down 5.3 %
SoundHound AI stock traded down $0.50 during midday trading on Thursday, hitting $8.88. The stock had a trading volume of 15,602,424 shares, compared to its average volume of 38,204,952. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average price of $12.00 and a 200 day moving average price of $10.52. SoundHound AI, Inc. has a 12 month low of $3.50 and a 12 month high of $24.98. The stock has a market cap of $3.54 billion, a P/E ratio of -24.67 and a beta of 2.62.
SoundHound AI (NASDAQ:SOUN - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.69) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.58). SoundHound AI had a negative net margin of 163.58% and a negative return on equity of 55.58%. The firm had revenue of $34.54 million during the quarter, compared to the consensus estimate of $33.70 million. Research analysts predict that SoundHound AI, Inc. will post -0.38 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on SOUN shares. Wedbush raised their price target on shares of SoundHound AI from $10.00 to $22.00 and gave the company an "outperform" rating in a report on Monday, December 16th. DA Davidson lifted their target price on SoundHound AI from $9.50 to $13.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. HC Wainwright reissued a "buy" rating and issued a $26.00 price target on shares of SoundHound AI in a report on Monday, March 3rd. Cantor Fitzgerald upgraded SoundHound AI to a "hold" rating in a research note on Monday, February 24th. Finally, Northland Securities upped their target price on SoundHound AI from $6.00 to $8.00 and gave the company a "market perform" rating in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, SoundHound AI has a consensus rating of "Hold" and an average target price of $12.86.
Read Our Latest Research Report on SoundHound AI
Institutional Trading of SoundHound AI
Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of SoundHound AI by 197.6% in the 4th quarter. Blue Trust Inc. now owns 1,250 shares of the company's stock valued at $25,000 after buying an additional 830 shares during the period. Sound Income Strategies LLC lifted its holdings in SoundHound AI by 2,542.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,321 shares of the company's stock worth $26,000 after acquiring an additional 1,271 shares during the last quarter. Orion Capital Management LLC acquired a new position in SoundHound AI in the fourth quarter valued at approximately $30,000. Future Financial Wealth Managment LLC bought a new position in shares of SoundHound AI during the fourth quarter valued at approximately $40,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of SoundHound AI during the fourth quarter valued at approximately $40,000. 19.28% of the stock is owned by institutional investors and hedge funds.
SoundHound AI Company Profile
(
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.
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