Who Owns SoundHound AI Stock?

Shares of SoundHound AI (NASDAQ:SOUN) gained over 15% in after-hours trading after the company, which offers voice AI (artificial intelligence) solutions, delivered better-than-expected Q1 financials. The company’s leadership highlighted that the strong demand for voice AI technology is driving its product subscriptions. As SoundHound stands to gain from AI demand, it’s the right time to see who owns SOUN.

Now, according to TipRanks’ ownership page, public companies and individual investors own 72.35% of SOUN. They are followed by other institutional investors, insiders, and mutual funds at 13.25%, 7.72%, and 6.68%, respectively.

Digging Deeper into SoundHound’s Ownership Structure

Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 5.20% stake in SOUN stock. Next up is Vanguard Index Funds, which holds a 3.35% stake in the company.

Individual investors have a Very Positive view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding SoundHound stock increased by 34.8%. Overall, among the 722,487 portfolios monitored by TipRanks, 0.9% have invested in SoundHound stock.

Is SoundHound a Good Stock to Buy?

SoundHound stock is up about 124% year-to-date. Moreover, SOUN stock got a significant boost after chip giant Nvidia (NASDAQ:NVDA) revealed a stake in the company. 

Given the recent rally, Wall Street is cautiously optimistic about SOUN stock. It has four Buy, one Hold, and one Sell recommendations for a Moderate Buy consensus rating. Analysts’ average price target on SOUN stock is $7.15, implying 50.53% upside potential from current levels. 

Conclusion

TipRanks’ Ownership tool provides SOUN ownership structure by category, enabling investors to make well-informed investing decisions.

For a thorough assessment of Apple stock, go to TipRanks’ Stock Analysis page.

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