SoundHound AI reports Q2 earnings miss, up in revenue YoY but shares drop with insider share sales raising concerns.

SoundHound AI reported a Q2 earnings miss with EPS of ($0.11), up 53.8% in revenue year-over-year. Despite this, shares dropped by $0.34. Analysts maintain a "Moderate Buy" consensus rating and an average price target of $7.08, with Cantor Fitzgerald upgrading from "neutral" to "overweight". However, insider transactions, such as the CEO and CTO selling shares, raise concerns among investors.