SoundHound AI jumps as investors revisit LivePerson deal upside and growth targets

SoundHound AI, Inc. (SOUN) is up 15.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is renewed optimism around SoundHound’s pending LivePerson acquisition, which management framed as expanding SoundHound into an end-to-end omnichannel (voice + messaging) conversational AI platform. The rally also appears consistent with traders positioning ahead of the company’s next earnings catalyst and reacting to the deal’s long-term revenue targets.

Details:

SoundHound announced a definitive agreement to acquire LivePerson in an all-stock transaction intended to combine SoundHound’s voice/agentic AI with LivePerson’s enterprise digital messaging footprint.

In its deal announcement materials, SoundHound laid out a 2027 revenue range “at minimum” of $350M–$400M and discussed a potential $500M opportunity based on the combined customer base, which likely influenced growth expectations.

The transaction is expected to close in the second half of 2026, subject to conditions such as regulatory approvals, LivePerson stockholder approval, and other customary closing requirements disclosed in filings.

This could also be amplified by technical trading dynamics (high short interest/high-beta behavior) as market participants reassess the deal after initial volatility.

Sources:

SoundHound AI Investor Relations, U.S. Securities and Exchange Commission, LivePerson Investor Relations

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SOUN Insider Trading Activity

$SOUN insiders have traded $SOUN stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.

Here’s a breakdown of recent trading of $SOUN stock by insiders over the last 6 months:

KEYVAN MOHAJER (CEO) has made 0 purchases and 2 sales selling 268,836 shares for an estimated $2,473,010.
MICHAEL ZAGORSEK (Chief Operating Officer) has made 0 purchases and 2 sales selling 126,374 shares for an estimated $1,187,460.
MAJID EMAMI (CSO & SVP, Engineering) has made 0 purchases and 3 sales selling 106,360 shares for an estimated $1,039,961.
NITESH SHARAN (Chief Financial Officer) has made 0 purchases and 2 sales selling 104,807 shares for an estimated $984,366.
TIMOTHY STONEHOCKER (Chief Technology Officer) has made 0 purchases and 4 sales selling 86,213 shares for an estimated $889,441.
JAMES MING HOM (Chief Product Officer) has made 0 purchases and 2 sales selling 73,619 shares for an estimated $691,024.
DIANA SROKA has made 0 purchases and 3 sales selling 4,029 shares for an estimated $41,144.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$SOUN Hedge Fund Activity

We have seen 233 institutional investors add shares of $SOUN stock to their portfolio, and 224 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

TIDAL INVESTMENTS LLC removed 6,639,008 shares (-99.7%) from their portfolio in Q4 2025, for an estimated $66,190,909
PRICE T ROWE ASSOCIATES INC /MD/ removed 6,419,952 shares (-94.7%) from their portfolio in Q4 2025, for an estimated $64,006,921
BANK OF AMERICA CORP /DE/ removed 5,843,216 shares (-46.9%) from their portfolio in Q4 2025, for an estimated $58,256,863
MORGAN STANLEY added 2,917,280 shares (+48.1%) to their portfolio in Q4 2025, for an estimated $29,085,281
UBS GROUP AG added 2,676,707 shares (+77.6%) to their portfolio in Q4 2025, for an estimated $26,686,768
VOLORIDGE INVESTMENT MANAGEMENT, LLC added 2,106,298 shares (+2259.7%) to their portfolio in Q4 2025, for an estimated $20,999,791
VANGUARD GROUP INC added 1,909,868 shares (+4.4%) to their portfolio in Q4 2025, for an estimated $19,041,383

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$SOUN Congressional Stock Trading

Members of Congress have traded $SOUN stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $SOUN stock by members of Congress over the last 6 months:

REPRESENTATIVE CLEO FIELDS sold up to $15,000 on 12/15.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$SOUN Analyst Ratings

Wall Street analysts have issued reports on $SOUN in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Cantor Fitzgerald issued a "Overweight" rating on 12/12/2025
DA Davidson issued a "Buy" rating on 11/18/2025

To track analyst ratings and price targets for $SOUN, check out Quiver Quantitative's $SOUN forecast page.

$SOUN Price Targets

Multiple analysts have issued price targets for $SOUN recently. We have seen 4 analysts offer price targets for $SOUN in the last 6 months, with a median target of $14.5.

Here are some recent targets:

Gil Luria from DA Davidson set a target price of $14.0 on 04/22/2026
Scott Buck from HC Wainwright & Co. set a target price of $20.0 on 03/02/2026
James Fish from Piper Sandler set a target price of $9.0 on 02/27/2026
Thomas Blakey from Cantor Fitzgerald set a target price of $15.0 on 12/12/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.