American attorney and politician Cleo Fields filed a rather suspicious stock trade on Wednesday, August 6.
According to the report, the United States Representative from Louisiana bought between $1,001 and $15,000 worth of SoundHound AI (NASDAQ: SOUN) shares on July 16.
Today, on August 8, the SoundHound stock is up over 20% following the release of the company’s Q2 2025 earnings report yesterday.
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In the light of the rally, Field’s timing has sparked widespread suspicion, with an increasing number of trades questioning whether the results were a stroke of luck or the result of insider information.
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SoundHound stock up after the most successful quarter to date
SoundHound reported record-breaking performance in the second quarter, far exceeding analyst expectations with a 217% increase in revenue.
“In SoundHound’s strongest ever quarter, many of our previous strategic moves delivered high-impact results with growth across every business unit. We realized significant new wins as well as cross-sell deals, demonstrating the incredible opportunity we predicted with our 2024 acquisitions.” — Keyvan Mohajer, CEO and Co-Founder of SoundHound AI.
The performance was driven largely by the expansion and growth of automotive artificial intelligence (AI), enterprise customer service solutions, and restaurant automation technology.
Driven by the results, the company raised its full-year revenue guidance from $157–$177 million to $160–$178 million. At the same time, DA Davidson raised its SoundHound AI price target from $10 to $15 while maintaining a “Buy” rating.
Featured image via Shutterstock
