SoundHound AI (NASDAQ:SOUN) COO Michael Zagorsek Sells 73,406 Shares

SoundHound AI, Inc. (NASDAQ:SOUN) COO Michael Zagorsek sold 73,406 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $11.28, for a total transaction of $828,019.68. Following the completion of the sale, the chief operating officer directly owned 1,787,459 shares in the company, valued at approximately $20,162,537.52. This trade represents a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SoundHound AI Stock Down 2.7%

NASDAQ SOUN opened at $10.41 on Tuesday. SoundHound AI, Inc. has a 52 week low of $6.52 and a 52 week high of $23.50. The firm has a 50 day moving average of $13.21 and a two-hundred day moving average of $13.47. The stock has a market capitalization of $4.37 billion, a PE ratio of -12.39 and a beta of 2.63.

SoundHound AI (NASDAQ:SOUN) last released 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 business had revenue of $42.05 million during the quarter, compared to analysts’ expectations of $40.48 million. SoundHound AI had a negative net margin of 211.16% and a negative return on equity of 93.64%. The company’s revenue for the quarter was up 67.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. On average, equities research analysts expect that SoundHound AI, Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SoundHound AI

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SoundHound AI by 83.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,336 shares of the company’s stock valued at $25,000 after acquiring an additional 1,060 shares during the period. Danske Bank A S purchased a new position in SoundHound AI during the 3rd quarter worth $26,000. Advisors Asset Management Inc. grew its position in SoundHound AI by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,519 shares of the company’s stock worth $27,000 after purchasing an additional 1,023 shares during the last quarter. Investors Research Corp increased its stake in SoundHound AI by 62.4% in the third quarter. Investors Research Corp now owns 1,822 shares of the company’s stock valued at $29,000 after purchasing an additional 700 shares during the period. Finally, AlphaQuest LLC purchased a new stake in shares of SoundHound AI in the first quarter valued at about $32,000. 19.28% of the stock is owned by institutional investors and hedge funds.

Key Stores Impacting SoundHound AI

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SOUN shares. Cantor Fitzgerald raised SoundHound AI from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $15.00 in a research report on Friday, December 12th. DA Davidson reiterated a “buy” rating and issued a $17.00 price target on shares of SoundHound AI in a research note on Tuesday, November 18th. Oppenheimer began coverage on shares of SoundHound AI in a research report on Thursday, September 11th. They set a “market perform” rating for the company. Piper Sandler increased their target price on shares of SoundHound AI from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, LADENBURG THALM/SH SH upgraded shares of SoundHound AI to a “strong-buy” rating in a research note on Thursday, December 18th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, SoundHound AI currently has an average rating of “Moderate Buy” and a consensus price target of $17.07.

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.