SoundHound AI (NASDAQ:SOUN) CFO Sells $298,943.33 in Stock

SoundHound AI, Inc. (NASDAQ:SOUN) CFO Nitesh Sharan sold 44,027 shares of SoundHound AI 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

SoundHound AI Trading Down 2.6%

SoundHound AI stock opened at $5.90 on Friday. SoundHound AI, Inc. has a 12 month low of $5.86 and a 12 month high of $22.17. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -117.98 and a beta of 2.65. The business’s fifty day simple moving average is $8.19 and its two-hundred day simple moving average is $12.06.

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

Hedge Funds Weigh In On SoundHound AI

Several hedge funds and other institutional investors have recently bought and sold shares of SOUN. Hsbc Holdings PLC purchased a new stake in shares of SoundHound AI during the 4th quarter valued at about $110,000. Rockefeller Capital Management L.P. raised its holdings in shares of SoundHound AI by 3.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 179,327 shares of the company’s stock valued at $1,788,000 after purchasing an additional 6,096 shares during the last quarter. SHP Wealth Management purchased a new position in shares of SoundHound AI during the fourth quarter valued at approximately $27,000. Virtu Financial LLC lifted its position in SoundHound AI by 43.9% during the fourth quarter. Virtu Financial LLC now owns 219,773 shares of the company’s stock valued at $2,191,000 after purchasing an additional 67,088 shares during the period. Finally, Alpine Woods Capital Investors LLC lifted its position in SoundHound AI by 143.0% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 50,742 shares of the company’s stock valued at $506,000 after purchasing an additional 29,857 shares during the period. Institutional investors 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: Aragon Research named SoundHound a leader for agent platforms, highlighting its omnichannel agentic AI and enterprise automation — a validation of the company’s product roadmap that supports long‑term growth expectations. Aragon Research Globe report
• Positive Sentiment: Feature stories (Motley Fool) highlight SoundHound’s doubled revenue in 2025 and traction for voice/agentic AI across industries, reinforcing a growth narrative that could attract patient, long‑term investors. Fool: $7 stock looks like a steal
• Neutral Sentiment: Analyst consensus price target sits near $14.93 — a reminder of longer‑term analyst optimism, but the level is far above the current market price and not an immediate catalyst. Consensus target report
• Neutral Sentiment: Market coverage and hedge‑fund filings show increased institutional positions (e.g., Goldman Sachs, RBC), which provides liquidity and can stabilize the share register over time but doesn’t eliminate short‑term volatility. MarketBeat coverage
• Negative Sentiment: Significant coordinated insider selling by multiple senior executives (CEO, CFO, COO, CTO, SVP) — disclosed filings show blocks sold around the ~$6.79 level on Mar. 20 — which often triggers investor concern about near‑term share supply and confidence. Example filings and coverage: SEC filing (CEO sale), Insider sales coverage
• Negative Sentiment: An analyst/price‑target update trimmed the target by ~10.3% to $14.92, signaling some analyst reassessment that can weigh on sentiment despite still‑elevated longer‑term targets. Price‑target decrease article
• Negative Sentiment: High‑profile negative commentary (Jim Cramer calling the company a “continual money loser”) and sector headlines about competing AI assistants have amplified selling pressure and contributed to today’s decline. Jim Cramer commentary
• Negative Sentiment: Recent intraday/close reports show sharper downside moves versus the broader market — reflecting the combined effect of sector weakness, headlines and insider sales. Yahoo Markets drop coverage

Analyst Ratings Changes

Several research analysts have issued reports on SOUN shares. Cantor Fitzgerald raised shares of SoundHound AI from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $13.00 to $15.00 in a report on Friday, December 12th. LADENBURG THALM/SH SH upgraded shares of SoundHound AI to a “strong-buy” rating in a report on Thursday, December 18th. Zacks Research raised shares of SoundHound AI from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Piper Sandler restated a “neutral” rating and issued a $9.00 price objective (down from $11.00) on shares of SoundHound AI in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SoundHound AI in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.93.

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.