Nitesh Sharan Sells 44,027 Shares of SoundHound AI (NASDAQ:SOUN) Stock

SoundHound AI, Inc. (NASDAQ:SOUN) CFO Nitesh Sharan sold 44,027 shares of the company’s 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 completion of the sale, the chief financial officer directly owned 1,661,121 shares in the company, valued at $11,279,011.59. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SoundHound AI Stock Down 7.7%

Shares of SOUN stock opened at $6.36 on Wednesday. The stock has a market cap of $2.69 billion, a P/E ratio of -127.17 and a beta of 2.65. SoundHound AI, Inc. has a fifty-two week low of $6.36 and a fifty-two week high of $22.17. The business has a fifty day simple moving average of $8.49 and a 200-day simple moving average of $12.21.

SoundHound AI (NASDAQ:SOUN) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). SoundHound AI had a negative net margin of 8.71% and a negative return on equity of 3.63%. The business had revenue of $55.06 million for the quarter, compared to analyst estimates of $53.88 million. During the same period in the previous year, the firm earned ($0.05) EPS. The business’s revenue for the quarter was up 59.4% compared to the same quarter last year. On average, sell-side analysts anticipate that SoundHound AI, Inc. will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On SoundHound AI

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in SoundHound AI by 83.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,336 shares of the company’s stock worth $25,000 after acquiring an additional 1,060 shares during the last quarter. Dogwood Wealth Management LLC grew its stake in SoundHound AI by 152.1% in the 4th quarter. Dogwood Wealth Management LLC now owns 2,559 shares of the company’s stock worth $26,000 after acquiring an additional 1,544 shares during the period. Danske Bank A S acquired a new position in SoundHound AI in the 3rd quarter valued at $26,000. Advisors Asset Management Inc. raised its holdings in SoundHound AI by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,519 shares of the company’s stock valued at $27,000 after acquiring an additional 1,023 shares during the last quarter. Finally, SHP Wealth Management purchased a new position in shares of SoundHound AI during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 19.28% of the company’s stock.

Analysts Set New Price Targets

SOUN has been the subject of several research reports. Zacks Research upgraded SoundHound AI from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. DA Davidson set a $14.00 price target on SoundHound AI in a research report on Thursday, January 8th. Piper Sandler reissued a “neutral” rating and issued a $9.00 price target (down from $11.00) on shares of SoundHound AI in a report on Friday, February 27th. Cantor Fitzgerald upgraded SoundHound AI from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $13.00 to $15.00 in a research report on Friday, December 12th. Finally, HC Wainwright decreased their price objective on SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SoundHound AI currently has an average rating of “Moderate Buy” and a consensus price target of $14.93.

Key Stories Impacting SoundHound AI

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

• Positive Sentiment: Zacks highlights accelerating enterprise-AI momentum at SoundHound — expanding deals, scalable pricing and strong ROI could be a durable revenue engine that supports longer‑term upside. Zacks: SoundHound’s Enterprise AI Momentum
• Positive Sentiment: The Motley Fool included SoundHound among lesser-known tech names with parabolic potential driven by voice-powered, agentic AI — a bullish thematic take for growth investors. Fool: 2 Tech Stocks Most Investors Haven’t Heard Of
• Neutral Sentiment: Several short‑interest summaries posted odd/zero values for March (shows increases of “NaN” and 0 shares) — the data appears unreliable and provides little actionable signal on current bearish conviction. (No external link.)
• Neutral Sentiment: Comparative coverage (The Motley Fool) contrasts SoundHound with peers like BigBear.ai — notes both have fallen sharply in 2026 and frames SoundHound as a higher-risk, higher-reward name. Useful for framing relative value but not a direct catalyst. Fool: BigBear.ai vs SoundHound AI
• Negative Sentiment: Large coordinated insider selling: CEO Keyvan Mohajer, CFO Nitesh Sharan, COO Michael Zagorsek, CTO Timothy Stonehocker, SVP Majid Emami, other insiders and a director sold shares around $6.77–$6.79 on Mar 20–23 — these sizable reductions (multiple % stakes) typically weigh on investor sentiment. Example filing (CEO): SEC filing: CEO sale
• Negative Sentiment: Market reaction to Anthropic’s new Claude capabilities (controlling computers) triggered an AI-sector pullback; Yahoo reported SoundHound among names that fell in the session — a macro/competitive headwind that likely drove intraday selling. Yahoo: Stocks Plummet After Anthropic News

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.