12,000 Shares in SoundHound AI, Inc. (NASDAQ:SOUN) Purchased by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. bought a new stake in SoundHound AI, Inc. (NASDAQ:SOUN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,000 shares of the company’s stock, valued at approximately $238,000.

A number of other large investors have also recently bought and sold shares of SOUN. Geode Capital Management LLC boosted its holdings in SoundHound AI by 9.1% during the third quarter. Geode Capital Management LLC now owns 7,193,599 shares of the company’s stock worth $33,529,000 after purchasing an additional 602,311 shares during the last quarter. Oriental Harbor Investment Fund acquired a new stake in SoundHound AI in the 4th quarter valued at $8,964,000. UNICOM Systems Inc. bought a new stake in SoundHound AI during the 4th quarter worth about $4,662,000. Charles Schwab Investment Management Inc. boosted its stake in shares of SoundHound AI by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,582,206 shares of the company’s stock worth $12,033,000 after buying an additional 189,109 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new position in shares of SoundHound AI in the 4th quarter valued at about $3,432,000. Institutional investors and hedge funds own 19.28% of the company’s stock.

Insider Buying and Selling at SoundHound AI

In related news, Director Eric R. Ball sold 30,000 shares of SoundHound AI stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.03, for a total transaction of $240,900.00. Following the completion of the sale, the director now directly owns 110,907 shares of the company’s stock, valued at approximately $890,583.21. This trade represents a 21.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Majid Emami sold 94,067 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.05, for a total value of $851,306.35. Following the completion of the transaction, the vice president now directly owns 735,685 shares in the company, valued at approximately $6,657,949.25. This represents a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,752,918 shares of company stock worth $45,176,843 over the last ninety days. Insiders own 12.28% of the company’s stock.

SoundHound AI Stock Down 5.5 %

SOUN opened at $10.31 on Friday. The stock’s fifty day simple moving average is $16.24 and its 200 day simple moving average is $9.71. SoundHound AI, Inc. has a 1-year low of $3.50 and a 1-year high of $24.98. The stock has a market cap of $4.05 billion, a PE ratio of -28.64 and a beta of 2.56. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $7.00 target price on shares of SoundHound AI in a report on Wednesday, November 13th. Wedbush upped their price objective on SoundHound AI from $10.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. HC Wainwright reissued a “buy” rating and issued a $26.00 price objective on shares of SoundHound AI in a report on Monday, January 13th. Barclays restated a “neutral” rating and set a $7.00 target price on shares of SoundHound AI in a report on Wednesday, November 13th. Finally, Northland Securities increased their price target on shares of SoundHound AI from $6.00 to $8.00 and gave the company a “market perform” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.36.

SoundHound AI Company Profile

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.