SoundHound AI (NASDAQ:SOUN) CFO Nitesh Sharan Sells 60,780 Shares

SoundHound AI, Inc. (NASDAQ:SOUN) CFO Nitesh Sharan sold 60,780 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $11.28, for a total value of $685,598.40. Following the sale, the chief financial officer owned 1,705,148 shares of the company’s stock, valued at approximately $19,234,069.44. This trade represents a 3.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nitesh Sharan also recently made the following trade(s):

• On Tuesday, October 14th, Nitesh Sharan sold 60,376 shares of SoundHound AI stock. The shares were sold at an average price of $21.21, for a total transaction of $1,280,574.96.

SoundHound AI Price Performance

Shares of SOUN opened at $10.41 on Tuesday. The company has a market capitalization of $4.37 billion, a PE ratio of -12.39 and a beta of 2.63. SoundHound AI, Inc. has a one year low of $6.52 and a one year high of $23.50. The company’s fifty day moving average price is $13.21 and its 200 day moving average price is $13.47.

SoundHound AI (NASDAQ:SOUN) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.06. The company had revenue of $42.05 million for the quarter, compared to the consensus estimate of $40.48 million. SoundHound AI had a negative net margin of 211.16% and a negative return on equity of 93.64%. The business’s revenue was up 67.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) EPS. Analysts anticipate that SoundHound AI, Inc. will post -0.38 earnings per share for the current year.

Key SoundHound AI News

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

• Positive Sentiment: Cantor Fitzgerald upgraded SoundHound, citing progress in its voice and conversational-AI service development — a potential catalyst for investor interest and institutional flows. Cantor Fitzgerald Upgrade
• Positive Sentiment: MarketBeat featured SoundHound as one of three “application-layer” AI pure plays, highlighting scale after the Amelia acquisition, projected 2025 revenue growth, and management’s roadmap toward break-even — supportive for longer-term fundamentals. Application-Layer Rotation
• Neutral Sentiment: Several bullish analyst/commentary pieces (Motley Fool features) highlight SoundHound’s opportunity in voice-powered AI agents and enterprise traction, but they are thematic and longer‑term in nature rather than immediate catalysts. Fool: Second Derivative AI Stocks
• Neutral Sentiment: Market headlines grouping multiple tech names (e.g., “MongoDB, AppLovin, and SoundHound AI Stocks Trade Down”) note sector/rotation selling pressure — helpful context for intraday weakness but not company-specific negative news. Sector Headline
• Negative Sentiment: Heavy insider selling disclosed this week: CEO Keyvan Mohajer, CFO Nitesh Sharan, COO Michael Zagorsek, CTO Timothy Stonehocker, and other insiders reported multiple sales (large blocks on Dec. 22–26 at ~$10.66–$11.28). Collective insider supply and percentage ownership reductions are likely a near-term headwind for sentiment. (Example filing for CEO sale) SEC Filing — CEO Sale
• Negative Sentiment: Contrasting coverage includes cautionary takes about valuation/speculation in pure‑play AI names — reminders that momentum can reverse if revenue/profitability targets slip. Fool Warning

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $17.00 price objective on shares of SoundHound AI in a research report on Tuesday, November 18th. Piper Sandler lifted their price target on shares of SoundHound AI from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. LADENBURG THALM/SH SH raised shares of SoundHound AI to a “strong-buy” rating in a research note on Thursday, December 18th. Cantor Fitzgerald raised shares of SoundHound AI from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $15.00 in a research note on Friday, December 12th. Finally, HC Wainwright lifted their target price on shares of SoundHound AI from $18.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.07.

Institutional Trading of SoundHound AI

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of SoundHound AI by 45.1% during the 1st quarter. Russell Investments Group Ltd. now owns 9,576 shares of the company’s stock worth $78,000 after acquiring an additional 2,978 shares during the period. Northern Trust Corp boosted its position in SoundHound AI by 2.5% during the first quarter. Northern Trust Corp now owns 2,979,011 shares of the company’s stock worth $24,190,000 after purchasing an additional 72,766 shares during the period. AlphaQuest LLC bought a new position in SoundHound AI during the first quarter worth $32,000. MetLife Investment Management LLC increased its holdings in shares of SoundHound AI by 2.1% in the first quarter. MetLife Investment Management LLC now owns 189,165 shares of the company’s stock valued at $1,536,000 after purchasing an additional 3,831 shares during the last quarter. Finally, Corebridge Financial Inc. raised its position in shares of SoundHound AI by 3.4% in the first quarter. Corebridge Financial Inc. now owns 158,646 shares of the company’s stock valued at $1,288,000 after purchasing an additional 5,282 shares during the period. Institutional investors and hedge funds own 19.28% of the company’s stock.

About SoundHound AI

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.