SoundHound AI: Big Moves by Investors and Insiders

Institutional Investors Boost Stakes

SoundHound AI has been making waves, with institutional investors significantly increasing their stakes:

• Farther Finance Advisors LLC:
• Increased stake by 39%
• Now owns 9,830 shares

• Worth approximately $105,000

• AlphaQuest LLC:
• Acquired a new position

• Worth around $32,000

• Golden State Wealth Management:
• Doubled their stake

• Now owns 4,230 shares

• Kozak & Associates:

• Increased holdings by over 6,200%

• Quarry LP and Larson Financial Group:
• Also upped their investments significantly

Total institutional ownership: Nearly 19.3%

Insiders Selling

While investors are buying, insiders are selling:

• CTO Timothy Stonehocker:

• Sold 2,247 shares

• CEO Keyvan Mohajer:
• Sold 138,523 shares

Total insider sales in the last three months: Nearly 500,000 shares

Stock Performance and Analyst Views

• Recent opening price: $17.85
• Market cap: $7.28 billion
• Beta: High (more volatile than the market)

Earnings Report:

• Missed estimates
• Showed huge revenue growth

Analyst Ratings:

• Mixed feelings
• Some rate it a strong buy
• Others rate it a sell
• Average price target: Around $14.36

About SoundHound AI

SoundHound AI specializes in voice AI, helping businesses in:

• Automotive
• TV
• IoT
• Customer service

Products:

• Houndify
• SoundHound Chat AI
• SoundHound Smart Answering

The company is growing fast, but can it maintain the momentum?