SoundHound AI (NASDAQ:SOUNW) Shares Down 10.8% – Time to Sell?

SoundHound AI, Inc. (NASDAQ:SOUNW) fell 10.8% during mid-day trading on Friday . The stock traded as low as $3.80 and last traded at $4.12. 86,342 shares changed hands during trading, a decline of 21% from the average session volume of 108,669 shares. The stock had previously closed at $4.62.

SoundHound AI Price Performance

The stock has a fifty day moving average price of $3.75 and a 200-day moving average price of $5.58.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SoundHound AI stock. Jane Street Group LLC grew its position in SoundHound AI, Inc. (NASDAQ:SOUNW) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,155 shares of the company’s stock after purchasing an additional 9,174 shares during the quarter. Jane Street Group LLC’s holdings in SoundHound AI were worth $915,000 at the end of the most recent reporting period.

About SoundHound AI

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.