SoundHound AI (NASDAQ:SOUN) COO Michael Zagorsek Sells 52,968 Shares

SoundHound AI, Inc. (NASDAQ:SOUN) COO Michael Zagorsek sold 52,968 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $6.79, for a total transaction of $359,652.72. Following the transaction, the chief operating officer directly owned 1,734,491 shares of the company’s stock, valued at $11,777,193.89. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SoundHound AI Trading Up 1.9%

SOUN stock opened at $6.48 on Thursday. SoundHound AI, Inc. has a 12 month low of $6.34 and a 12 month high of $22.17. The stock has a market cap of $2.74 billion, a PE ratio of -129.57 and a beta of 2.65. The company has a 50-day moving average price of $8.39 and a 200 day moving average price of $12.17.

SoundHound AI (NASDAQ:SOUN) last posted its earnings results on Thursday, February 26th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). SoundHound AI had a negative return on equity of 3.63% and a negative net margin of 8.71%.The company had revenue of $55.06 million during the quarter, compared to analyst estimates of $53.88 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. SoundHound AI’s revenue was up 59.4% on a year-over-year basis. Sell-side analysts forecast that SoundHound AI, Inc. will post -0.38 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Piper Sandler reissued a “neutral” rating and set a $9.00 target price (down from $11.00) on shares of SoundHound AI in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SoundHound AI in a report on Friday, January 9th. HC Wainwright lowered their price objective on shares of SoundHound AI from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Cantor Fitzgerald raised shares of SoundHound AI from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $15.00 in a report on Friday, December 12th. Finally, Zacks Research upgraded SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.93.

Hedge Funds Weigh In On SoundHound AI

Institutional investors have recently modified their holdings of the stock. Danske Bank A S purchased a new stake in shares of SoundHound AI in the third quarter worth about $26,000. Investors Research Corp lifted its holdings 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 acquiring an additional 700 shares during the period. Financial Consulate Inc. acquired a new position in SoundHound AI in the third quarter valued at approximately $32,000. Sound Income Strategies LLC boosted its position in SoundHound AI by 37.3% in the 3rd quarter. Sound Income Strategies LLC now owns 2,116 shares of the company’s stock worth $34,000 after purchasing an additional 575 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in SoundHound AI by 83.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,336 shares of the company’s stock worth $25,000 after purchasing an additional 1,060 shares in the last quarter. Hedge funds and other institutional investors own 19.28% of the company’s stock.

Key Stories Impacting SoundHound AI

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

• Positive Sentiment: Analyst/feature pieces highlight SoundHound’s long‑term opportunity in voice‑powered, agentic AI, reinforcing the growth narrative for patient investors. 2 Tech Stocks Most Investors Haven’t Heard of That Could Go Parabolic
• Neutral Sentiment: Comparative write‑ups (e.g., BigBear.ai vs SoundHound) analyze relative survivability in the AI sell‑off — useful context but not an immediate catalyst. BigBear.ai vs. SoundHound AI: One Is Surviving the AI Sell-Off. The Other Isn’t.
• Neutral Sentiment: Short‑interest data reported for March appears to show zero shares and NaN changes — likely a reporting/data artifact. This creates no clear short‑pressure signal today. (Multiple short‑interest updates were posted by data services.)
• Negative Sentiment: Material insider selling on Mar. 20: CEO Keyvan Mohajer, CFO Nitesh Sharan, COO Michael Zagorsek, CTO Timothy Stonehocker, SVP Majid Emami, and others sold blocks at an average price near $6.79 — large coordinated sales by senior executives often spook investors and signal near‑term supply pressure. Example SEC filing for the CEO sale: CEO Insider Sale SEC Filing
• Negative Sentiment: High‑profile skepticism: Jim Cramer publicly called SoundHound a “continual money loser” on Mad Money — negative media commentary from influential commentators can amplify selling pressure. Jim Cramer on SoundHound AI
• Negative Sentiment: Sector competition/news hit: a Yahoo Markets roundup flagged AI assistants (Anthropic’s Claude adding device control) as triggering a sell‑off in related AI names, including SoundHound — increasing competitive risk and shorter‑term downward pressure. Health Catalyst, Asure Software, GitLab, Zeta Global, and SoundHound AI Shares Plummet

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.