Rep. Cleo Fields Sells SoundHound AI, Inc. (NASDAQ:SOUN) Stock

Representative Cleo Fields (D-Louisiana) recently sold shares of SoundHound AI, Inc. (NASDAQ:SOUN). In a filing disclosed on December 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in SoundHound AI stock on December 15th. 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 Alphabet (NASDAQ:GOOGL) on 12/15/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 12/15/2025.
• Sold $15,001 – $50,000 in shares of CoreWeave (NASDAQ:CRWV) on 12/11/2025.
• Sold $15,001 – $50,000 in shares of AT&T (NYSE:T) on 12/11/2025.
• Purchased $100,001 – $250,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 12/11/2025.
• Sold $50,001 – $100,000 in shares of ARM (NASDAQ:ARM) on 12/11/2025.
• Sold $50,001 – $100,000 in shares of Uber Technologies (NYSE:UBER) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of IREN (NASDAQ:IREN) on 12/9/2025.
• Purchased $50,001 – $100,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/9/2025.

SoundHound AI Stock Up 1.2%

Shares of NASDAQ:SOUN traded up $0.13 during midday trading on Friday, reaching $11.02. 24,109,506 shares of the company traded hands, compared to its average volume of 22,152,876. The firm’s fifty day moving average price is $14.31 and its two-hundred day moving average price is $13.38. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of -13.12 and a beta of 2.63. SoundHound AI, Inc. has a 12 month low of $6.52 and a 12 month high of $24.98.

SoundHound AI (NASDAQ:SOUN) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.06. SoundHound AI had a negative net margin of 211.16% and a negative return on equity of 93.64%. The business had revenue of $42.05 million during the quarter, compared to analyst estimates 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. Analysts forecast that SoundHound AI, Inc. will post -0.38 earnings per share for the current year.

Insider Activity

In related news, COO Michael Zagorsek sold 69,837 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $16.00, for a total value of $1,117,392.00. Following the sale, the chief operating officer owned 1,860,790 shares in the company, valued at $29,772,640. This represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Nitesh Sharan sold 60,376 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $21.21, for a total value of $1,280,574.96. Following the completion of the sale, the chief financial officer owned 1,765,928 shares in the company, valued at $37,455,332.88. This represents a 3.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 787,260 shares of company stock worth $13,973,056 over the last 90 days. Company insiders own 9.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SOUN. Weiss Ratings reissued a “sell (d-)” rating on shares of SoundHound AI in a report on Tuesday, October 14th. LADENBURG THALM/SH SH raised SoundHound AI to a “strong-buy” rating in a research report on Thursday. Oppenheimer initiated coverage on SoundHound AI in a research report on Thursday, September 11th. They set a “market perform” rating on the stock. Piper Sandler upped their price objective on shares of SoundHound AI from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Finally, HC Wainwright increased their price objective on shares of SoundHound AI from $18.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.07.

Institutional Investors Weigh In On SoundHound AI

Large investors have recently added to or reduced their stakes in the business. Northern Trust Corp raised its holdings in shares of SoundHound AI by 2.5% during the first quarter. Northern Trust Corp now owns 2,979,011 shares of the company’s stock worth $24,190,000 after purchasing an additional 72,766 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in SoundHound AI during the second quarter worth about $3,696,000. First Manhattan CO. LLC. purchased a new stake in SoundHound AI in the 1st quarter valued at $985,000. Driehaus Capital Management LLC raised its position in shares of SoundHound AI by 20.6% during the 1st quarter. Driehaus Capital Management LLC now owns 998,481 shares of the company’s stock valued at $8,108,000 after buying an additional 170,786 shares during the period. Finally, Nuveen LLC purchased a new position in SoundHound AI during the first quarter worth about $7,406,000. 19.28% of the stock is owned by institutional investors and hedge funds.

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

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.