Schwab Boosts SoundHound AI Stake Amid Mixed Signals

Charles Schwab Investment Management increased its SoundHound AI holdings by 2.5% in Q4, acquiring 82,428 additional shares for a total of 3.36 million shares valued at roughly $33.5 million. Several other institutional investors also expanded positions during the period. Analyst sentiment is cautiously optimistic, with a Moderate Buy consensus and an average price target of $14.93, though some firms have trimmed targets. Insider selling by the CFO and COO raises questions, even as SoundHound AI posted 51.7% year-over-year revenue growth despite missing EPS estimates.