SoundHound AI (NASDAQ:SOUN) CFO Nitesh Sharan Sells 44,027 Shares

SoundHound AI, Inc. (NASDAQ:SOUN) CFO Nitesh Sharan sold 44,027 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $6.79, for a total value of $298,943.33. Following the completion of the transaction, the chief financial officer owned 1,661,121 shares of the company’s stock, valued at $11,279,011.59. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

SoundHound AI Trading Down 7.7%

NASDAQ SOUN opened at $6.36 on Wednesday. The business’s 50-day moving average price is $8.49 and its 200 day moving average price is $12.21. SoundHound AI, Inc. has a twelve month low of $6.36 and a twelve month high of $22.17. The company has a market capitalization of $2.69 billion, a PE ratio of -127.17 and a beta of 2.65.

SoundHound AI (NASDAQ:SOUN) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). SoundHound AI had a negative return on equity of 3.63% and a negative net margin of 8.71%.The company had revenue of $55.06 million during the quarter, compared to analysts’ expectations of $53.88 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The firm’s revenue was up 59.4% on a year-over-year basis. Equities analysts predict that SoundHound AI, Inc. will post -0.38 EPS for the current year.

Institutional Trading of SoundHound AI

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in SoundHound AI by 16.4% in the third quarter. Vanguard Group Inc. now owns 43,457,569 shares of the company’s stock valued at $698,798,000 after buying an additional 6,132,648 shares during the period. Morgan Stanley grew its stake in SoundHound AI by 48.1% during the fourth quarter. Morgan Stanley now owns 8,987,522 shares of the company’s stock worth $89,606,000 after buying an additional 2,917,280 shares during the period. UBS Group AG grew its stake in SoundHound AI by 77.6% during the fourth quarter. UBS Group AG now owns 6,124,283 shares of the company’s stock worth $61,059,000 after buying an additional 2,676,707 shares during the period. Voloridge Investment Management LLC increased its position in shares of SoundHound AI by 2,259.7% in the fourth quarter. Voloridge Investment Management LLC now owns 2,199,511 shares of the company’s stock worth $21,929,000 after acquiring an additional 2,106,298 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of SoundHound AI in the 3rd quarter valued at $21,679,000. Institutional investors and hedge funds own 19.28% of the company’s stock.

More SoundHound AI News

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

• Positive Sentiment: Zacks highlights accelerating enterprise-AI momentum at SoundHound — expanding deals, scalable pricing and strong ROI could be a durable revenue engine that supports longer‑term upside. Zacks: SoundHound’s Enterprise AI Momentum
• Positive Sentiment: The Motley Fool included SoundHound among lesser-known tech names with parabolic potential driven by voice-powered, agentic AI — a bullish thematic take for growth investors. Fool: 2 Tech Stocks Most Investors Haven’t Heard Of
• Neutral Sentiment: Several short‑interest summaries posted odd/zero values for March (shows increases of “NaN” and 0 shares) — the data appears unreliable and provides little actionable signal on current bearish conviction. (No external link.)
• Neutral Sentiment: Comparative coverage (The Motley Fool) contrasts SoundHound with peers like BigBear.ai — notes both have fallen sharply in 2026 and frames SoundHound as a higher-risk, higher-reward name. Useful for framing relative value but not a direct catalyst. Fool: BigBear.ai vs SoundHound AI
• Negative Sentiment: Large coordinated insider selling: CEO Keyvan Mohajer, CFO Nitesh Sharan, COO Michael Zagorsek, CTO Timothy Stonehocker, SVP Majid Emami, other insiders and a director sold shares around $6.77–$6.79 on Mar 20–23 — these sizable reductions (multiple % stakes) typically weigh on investor sentiment. Example filing (CEO): SEC filing: CEO sale
• Negative Sentiment: Market reaction to Anthropic’s new Claude capabilities (controlling computers) triggered an AI-sector pullback; Yahoo reported SoundHound among names that fell in the session — a macro/competitive headwind that likely drove intraday selling. Yahoo: Stocks Plummet After Anthropic News

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. DA Davidson set a $14.00 price target on shares of SoundHound AI in a research report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SoundHound AI in a report on Friday, January 9th. LADENBURG THALM/SH SH raised shares of SoundHound AI to a “strong-buy” rating in a research note on Thursday, December 18th. HC Wainwright dropped their price objective on SoundHound AI from $26.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Zacks Research raised SoundHound AI from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SoundHound AI currently has a consensus rating of “Moderate Buy” and an average target price of $14.93.

SoundHound AI Company Profile

SoundHound AI, Inc is a voice AI and conversational intelligence company specializing in speech recognition, natural language understanding and sound identification technologies. Founded in 2005 and headquartered in Santa Clara, California, the company initially gained recognition with its music discovery app before pivoting to enterprise-grade voice AI solutions. Over the years, SoundHound AI has built a comprehensive platform that enables developers and businesses to embed conversational intelligence into a wide range of products and services.

The company’s core offering is the Houndify voice AI platform, which provides customizable speech-to-meaning technology, domain-specific natural language understanding and text-to-speech capabilities.