SoundHound AI (NASDAQ:SOUN) COO Michael Zagorsek Sells 71,113 Shares

SoundHound AI, Inc. (NASDAQ:SOUN) COO Michael Zagorsek sold 71,113 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.33, for a total transaction of $450,145.29. Following the sale, the chief operating officer owned 2,600,231 shares in the company, valued at $16,459,462.23. This represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SoundHound AI Stock Performance

NASDAQ SOUN opened at $6.00 on Friday. SoundHound AI, Inc. has a twelve month low of $5.65 and a twelve month high of $22.17. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -15.79 and a beta of 2.66. The firm’s 50 day moving average price is $6.69 and its two-hundred day moving average price is $7.22.

SoundHound AI (NASDAQ:SOUN) last released its earnings results on Wednesday, August 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.11. The company had revenue of $61.90 million during the quarter, compared to analyst estimates of $52.38 million. SoundHound AI had a negative return on equity of 30.22% and a negative net margin of 67.45%.The company’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) earnings per share. On average, research analysts forecast that SoundHound AI, Inc. will post -0.33 EPS for the current fiscal year.

SoundHound AI News Summary

Here are the key news stories impacting SoundHound AI this week:

• Positive Sentiment: Analysts cited by American Banking News assign SoundHound an average price target of $13.00, substantially above recent trading levels. This suggests potential upside if the company delivers on its growth plans. SoundHound AI Receives $13.00 Average Price Target from Analysts
• Positive Sentiment: SoundHound’s Asia business has extended its deal momentum to five consecutive quarters, with additional wins in China and India and continued expansion of its OASYS automotive platform. The developments support the company’s international growth and automotive AI opportunity. SoundHound Asia Growth Extends to 5 Quarters
• Neutral Sentiment: A comparison with NVIDIA highlights SoundHound’s rapid growth and narrowing losses, but also its much smaller scale, narrower voice-AI focus and lack of profitability. Investors may view the company as a higher-risk growth alternative within the AI sector. SoundHound vs. NVIDIA After Earnings
• Negative Sentiment: CEO Keyvan Mohajer, COO Michael Zagorsek, SVP Majid Emami and insider James Hom collectively sold about 285,863 shares at an average price of $6.33. The filings state the sales were made to cover tax withholding tied to vested equity awards, which reduces their bearish significance, although the volume may still weigh on sentiment. SoundHound Insider Sale Filing
• Negative Sentiment: SoundHound has recently declined alongside other speculative software names, including UiPath and C3.ai, despite broader market resilience. The sector-wide selling reflects investor caution toward unprofitable, high-volatility AI stocks and remains a headwind for SOUN. SoundHound AI Drops as Speculative Software Selling Intensifies

Institutional Investors Weigh In On SoundHound AI

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in shares of SoundHound AI by 25.0% in the 1st quarter. California State Teachers Retirement System now owns 440,023 shares of the company’s stock valued at $3,023,000 after acquiring an additional 87,998 shares in the last quarter. Geode Capital Management LLC grew its holdings in SoundHound AI by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 9,180,321 shares of the company’s stock valued at $91,543,000 after purchasing an additional 273,097 shares during the last quarter. Havemeyer Place LP acquired a new position in SoundHound AI during the fourth quarter valued at approximately $956,000. Themes Management Co LLC raised its position in shares of SoundHound AI by 86.5% in the first quarter. Themes Management Co LLC now owns 191,444 shares of the company’s stock valued at $1,315,000 after purchasing an additional 88,820 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of SoundHound AI in the first quarter worth $1,606,000. 19.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on SOUN. Piper Sandler cut their price target on SoundHound AI from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Wall Street Zen raised SoundHound AI from a “strong sell” rating to a “sell” rating in a research note on Sunday, September 13th. DA Davidson dropped their price objective on SoundHound AI from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SoundHound AI in a research report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.00.

About SoundHound AI

SoundHound AI, Inc develops conversational artificial intelligence and voice-enabled technologies. Its platform is designed to let users interact with devices, applications and services through natural-language speech, supporting functions such as information retrieval, question answering and task completion.

The company’s offerings include the Houndify conversational AI platform, which businesses can use to build branded voice assistants, as well as SoundHound Chat AI, an in-car and consumer-oriented voice assistant that combines conversational capabilities with access to information and services.