Key Points
- CEO Keyvan Mohajer sold 137,290 shares of SoundHound AI at an average price of $6.33, generating approximately $869,046. The sale covered tax withholding obligations tied to vested equity awards and reduced his direct stake by 3.59%.
- SoundHound AI reported quarterly revenue of $61.9 million, up 45% year over year, and an adjusted loss of $0.02 per share, beating analysts’ estimate of a $0.13 loss. Despite the improvement, the company remains unprofitable, with a negative 67.45% net margin.
- Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $13.00 versus the stock’s recent trading level near $6.00. However, price targets have been reduced by some firms, and SOUN remains a high-volatility, speculative AI stock.
SoundHound AI, Inc. (NASDAQ:SOUN - Get Free Report) SVP Majid Emami sold 38,730 shares of the firm'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 completion of the sale, the senior vice president directly owned 834,253 shares of the company's stock, valued at approximately $5,280,821.49. This trade represents a 4.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
SoundHound AI Trading Up 1.2%
NASDAQ:SOUN opened at $6.00 on Friday. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -15.79 and a beta of 2.66. SoundHound AI, Inc. has a 1-year low of $5.65 and a 1-year high of $22.17. The business's fifty day moving average price is $6.69 and its 200 day moving average price is $7.22.
SoundHound AI (NASDAQ:SOUN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.11. The firm had revenue of $61.90 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 45.0% compared to the same quarter last year. During the same period last year, the company posted ($0.19) EPS. Equities analysts forecast that SoundHound AI, Inc. will post -0.33 earnings per share for the current year.
Hedge Funds Weigh In On SoundHound AI
A number of large investors have recently modified their holdings of SOUN. California State Teachers Retirement System raised its position in SoundHound AI by 25.0% in the 1st quarter. California State Teachers Retirement System now owns 440,023 shares of the company's stock worth $3,023,000 after purchasing an additional 87,998 shares during the last quarter. Geode Capital Management LLC increased its holdings in SoundHound AI by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 9,180,321 shares of the company's stock valued at $91,543,000 after purchasing an additional 273,097 shares during the last quarter. Havemeyer Place LP acquired a new position in SoundHound AI in the fourth quarter valued at about $956,000. Themes Management Co LLC lifted its stake in SoundHound AI by 86.5% in the first quarter. Themes Management Co LLC now owns 191,444 shares of the company's stock valued at $1,315,000 after buying an additional 88,820 shares during the period. Finally, SG Americas Securities LLC bought a new position in SoundHound AI during the first quarter worth about $1,606,000. 19.28% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SOUN. Weiss Ratings reissued a "sell (e+)" rating on shares of SoundHound AI in a research note on Friday, September 11th. DA Davidson reduced their price objective on SoundHound AI from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Piper Sandler lowered their target price on SoundHound AI from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Finally, Wall Street Zen raised SoundHound AI from a "strong sell" rating to a "sell" rating in a research note on Sunday, September 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.
Get Our Latest Stock Report on SOUN
SoundHound AI News Roundup
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
About SoundHound AI
(
Get Free Report)
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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