Kieckhefer Group LLC Purchases 83,000 Shares of SoundHound AI, Inc. $SOUN

Kieckhefer Group LLC boosted its holdings in shares of SoundHound AI, Inc. (NASDAQ:SOUN) by 47.2% during the 3rd quarter, Holdings Channel reports. The fund owned 259,000 shares of the company’s stock after buying an additional 83,000 shares during the period. SoundHound AI comprises about 1.9% of Kieckhefer Group LLC’s portfolio, making the stock its 13th largest position. Kieckhefer Group LLC’s holdings in SoundHound AI were worth $4,165,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SOUN. Sound Income Strategies LLC lifted its position in shares of SoundHound AI by 37.3% in the 3rd quarter. Sound Income Strategies LLC now owns 2,116 shares of the company’s stock worth $34,000 after purchasing an additional 575 shares during the period. Investors Research Corp raised its stake in SoundHound AI by 62.4% in the third quarter. Investors Research Corp now owns 1,822 shares of the company’s stock worth $29,000 after buying an additional 700 shares in the last quarter. EP Wealth Advisors LLC boosted its position in SoundHound AI by 5.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 14,100 shares of the company’s stock valued at $151,000 after acquiring an additional 706 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in SoundHound AI by 4.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,073 shares of the company’s stock valued at $248,000 after acquiring an additional 880 shares in the last quarter. Finally, Apexium Financial LP increased its holdings in shares of SoundHound AI by 2.8% in the 2nd quarter. Apexium Financial LP now owns 36,698 shares of the company’s stock valued at $394,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 19.28% of the company’s stock.

SoundHound AI Stock Performance

Shares of SOUN stock opened at $10.41 on Tuesday. SoundHound AI, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $23.50. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -12.39 and a beta of 2.63. The stock’s 50-day simple moving average is $13.21 and its 200-day simple moving average is $13.47.

SoundHound AI (NASDAQ:SOUN) last released its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The company had revenue of $42.05 million during the quarter, compared to analysts’ expectations of $40.48 million. SoundHound AI had a negative net margin of 211.16% and a negative return on equity of 93.64%. SoundHound AI’s revenue for the quarter was up 67.6% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS. As a group, equities analysts forecast that SoundHound AI, Inc. will post -0.38 earnings per share for the current year.

Insider Activity

In other SoundHound AI news, CTO Timothy Stonehocker sold 31,329 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 transaction of $353,391.12. Following the sale, the chief technology officer owned 575,976 shares in the company, valued at approximately $6,497,009.28. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keyvan Mohajer sold 144,326 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $11.28, for a total value of $1,627,997.28. Following the completion of the transaction, the chief executive officer directly owned 2,198,287 shares in the company, valued at $24,796,677.36. This represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 723,310 shares of company stock valued at $10,747,881. 9.17% of the stock is owned by corporate insiders.

Key Stores Impacting SoundHound AI

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

• Positive Sentiment: Cantor Fitzgerald upgraded SOUN to overweight, citing progress in voice and conversational‑AI services — a credible institutional catalyst that can attract flows. Read More.
• Positive Sentiment: MarketBeat featured SoundHound as an “application‑layer” AI pure play, noting scale after the Amelia acquisition, projected 2025 revenue growth and management’s roadmap toward profitability — supports the longer‑term fundamental story. Read More.
• Positive Sentiment: Several analyst upgrades/price‑target increases (HC Wainwright, Piper Sandler, Ladenburg Thalmann and others) provide additional buy‑side research support for the stock. Read More.
• Neutral Sentiment: Sector and headline-driven selling: news items grouping multiple AI/tech names trading down create intraday pressure that’s not company‑specific but can push shares lower short term. Read More.
• Neutral Sentiment: Thematic long‑term articles (Motley Fool/others) highlight SoundHound’s voice‑AI opportunity — constructive for patient investors, but not an immediate catalyst. Read More.
• Negative Sentiment: Material insider selling this week by CEO, CFO, COO, CTO and other senior insiders (large blocks executed Dec. 22–26 at roughly $10.66–$11.28). The size and concentration of these sales (multi‑hundred‑thousand‑ to multi‑million‑dollar transactions) is a near‑term negative for sentiment and supply/demand dynamics. Read More.
• Negative Sentiment: Valuation/speculation warnings persist for pure‑play AI names; if revenue or profitability guidance slips, momentum could reverse quickly. Read More.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wedbush restated an “outperform” rating and set a $16.00 price objective on shares of SoundHound AI in a research note on Thursday, September 11th. Cantor Fitzgerald raised shares of SoundHound AI from a “neutral” rating to an “overweight” rating and increased their price target for the company from $13.00 to $15.00 in a research report on Friday, December 12th. DA Davidson reaffirmed a “buy” rating and issued a $17.00 price objective on shares of SoundHound AI in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SoundHound AI in a research note on Tuesday, October 14th. Finally, HC Wainwright increased their target price on shares of SoundHound AI from $18.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.07.

SoundHound AI Profile

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.

The company’s core offering is the Houndify voice AI platform, which provides customizable speech-to-meaning technology, domain-specific natural language understanding and text-to-speech capabilities.