SoundHound AI (NASDAQ:SOUN) SVP Majid Emami Sells 38,730 Shares

SoundHound AI, Inc. (NASDAQ:SOUN) SVP Majid Emami sold 38,730 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.33, for a total value of $245,160.90. Following the sale, the senior vice president owned 834,253 shares in the company, valued at approximately $5,280,821.49. The trade was a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 Up 1.2%

NASDAQ:SOUN opened at $6.00 on Friday. The stock has a fifty day simple moving average of $6.69 and a 200-day simple moving average of $7.22. The company has a market capitalization of $2.66 billion, a PE ratio of -15.79 and a beta of 2.66. SoundHound AI, Inc. has a 52-week low of $5.65 and a 52-week high of $22.17.

SoundHound AI (NASDAQ:SOUN) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.11. The company had revenue of $61.90 million during 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 business’s revenue for the quarter was up 45.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) earnings per share. As a group, equities analysts anticipate that SoundHound AI, Inc. will post -0.33 earnings per share for the current year.

Analyst Ratings Changes

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

Key Stories Impacting SoundHound AI

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

Hedge Funds Weigh In On SoundHound AI

Hedge funds have recently made changes to their positions in the stock. Prospera Financial Services Inc grew its holdings in shares of SoundHound AI by 5.9% in the 4th quarter. Prospera Financial Services Inc now owns 30,690 shares of the company’s stock worth $306,000 after acquiring an additional 1,699 shares during the last quarter. Hilltop Holdings Inc. increased its stake in SoundHound AI by 3.5% in the 1st quarter. Hilltop Holdings Inc. now owns 51,358 shares of the company’s stock worth $353,000 after purchasing an additional 1,753 shares in the last quarter. Sterling Investment Counsel LLC raised its holdings in SoundHound AI by 10.5% during the 1st quarter. Sterling Investment Counsel LLC now owns 22,787 shares of the company’s stock worth $157,000 after buying an additional 2,173 shares during the period. Empowered Funds LLC lifted its stake in SoundHound AI by 19.6% during the first quarter. Empowered Funds LLC now owns 13,896 shares of the company’s stock valued at $95,000 after buying an additional 2,277 shares in the last quarter. Finally, Hollencrest Capital Management lifted its stake in SoundHound AI by 197.5% during the first quarter. Hollencrest Capital Management now owns 3,615 shares of the company’s stock valued at $25,000 after buying an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 19.28% of the company’s stock.

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.