SoundHound AI (NASDAQ:SOUN) CEO Keyvan Mohajer Sells 137,290 Shares

Key Points

• CEO Keyvan Mohajer sold 137,290 SoundHound AI shares at an average price of $6.33, generating approximately $869,000. The sale was disclosed as covering tax-withholding obligations tied to vested equity awards, leaving him with 3.68 million shares.
• SoundHound reported quarterly revenue of $61.9 million, up 45% year over year, and a loss of $0.02 per share—better than analysts’ expected $0.13 loss. However, the company remains unprofitable, with a negative net margin of 67.45%.
• Shares recently traded near $6.00, well below the analyst consensus price target of $13.00. Analyst views are mixed, resulting in an overall “Moderate Buy” rating, while the stock continues to face volatility and pressure common among speculative, unprofitable AI companies.

SoundHound AI, Inc. (NASDAQ:SOUN - Get Free Report) CEO Keyvan Mohajer sold 137,290 shares of SoundHound AI stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $6.33, for a total transaction of $869,045.70. Following the transaction, the chief executive officer directly owned 3,684,947 shares in the company, valued at $23,325,714.51. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SoundHound AI Stock Performance

Shares of NASDAQ SOUN traded up $0.07 during midday trading on Thursday, reaching $6.00. 16,598,502 shares of the stock were exchanged, compared to its average volume of 28,301,928. The stock has a market capitalization of $2.66 billion, a P/E ratio of -15.79 and a beta of 2.66. The company has a 50 day simple moving average of $6.70 and a 200 day simple moving average of $7.24. SoundHound AI, Inc. has a twelve month low of $5.65 and a twelve month high of $22.17.

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

Analysts Set New Price Targets

SOUN has been the subject of several research analyst reports. Piper Sandler lowered their target price on shares of 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 upgraded shares of SoundHound AI from a "strong sell" rating to a "sell" rating in a report on Sunday. DA Davidson dropped their target price on shares of SoundHound AI from $12.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of SoundHound AI in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

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 Trading of SoundHound AI

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its holdings in shares of SoundHound AI by 38.1% in the second quarter. NewEdge Advisors LLC now owns 132,072 shares of the company's stock valued at $855,000 after purchasing an additional 36,415 shares in the last quarter. IFP Advisors Inc boosted its position in SoundHound AI by 10.7% in the 2nd quarter. IFP Advisors Inc now owns 32,748 shares of the company's stock valued at $212,000 after buying an additional 3,163 shares during the period. Allworth Financial LP grew its stake in shares of SoundHound AI by 12.7% in the second quarter. Allworth Financial LP now owns 22,539 shares of the company's stock worth $146,000 after acquiring an additional 2,537 shares in the last quarter. Waverly Advisors LLC increased its position in shares of SoundHound AI by 6.9% during the second quarter. Waverly Advisors LLC now owns 64,132 shares of the company's stock worth $415,000 after acquiring an additional 4,138 shares during the period. Finally, Nykredit A S purchased a new stake in shares of SoundHound AI during the second quarter worth $165,000. Institutional investors and hedge funds own 19.28% of the company's stock.

SoundHound AI Company Profile

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.

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