SoundHound AI (NASDAQ:SOUN) SVP Majid Emami Sells 38,730 Shares

by · The Markets Daily

SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report) SVP Majid Emami sold 38,730 shares of SoundHound AI stock in a transaction dated 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 legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SoundHound AI Stock Performance

NASDAQ SOUN traded up $0.07 during trading on Thursday, hitting $6.00. 16,598,502 shares of the company’s stock traded hands, compared to its average volume of 28,301,928. The stock 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 12-month low of $5.65 and a 12-month high of $22.17. The business has a 50 day moving average of $6.70 and a 200-day moving average of $7.24.

SoundHound AI (NASDAQ:SOUN – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.11. The company had revenue of $61.90 million for the quarter, compared to analyst estimates of $52.38 million. SoundHound AI had a negative net margin of 67.45% and a negative return on equity of 30.22%. The company’s quarterly revenue was up 45.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. On average, analysts expect that SoundHound AI, Inc. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SHP Wealth Management purchased a new stake in SoundHound AI in the fourth quarter worth about $27,000. Hollencrest Capital Management raised its holdings in shares of SoundHound AI by 197.5% during the first quarter. Hollencrest Capital Management now owns 3,615 shares of the company’s stock valued at $25,000 after purchasing an additional 2,400 shares during the last quarter. Vermillion Wealth Management Inc. boosted its stake in shares of SoundHound AI by 5,164.8% in the 4th quarter. Vermillion Wealth Management Inc. now owns 4,791 shares of the company’s stock worth $48,000 after buying an additional 4,700 shares during the last quarter. Clarus Group Inc. bought a new stake in shares of SoundHound AI during the 1st quarter valued at about $69,000. Finally, 180 Wealth Advisors LLC bought a new position in SoundHound AI in the first quarter worth approximately $69,000. Hedge funds and other institutional investors own 19.28% of the company’s stock.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SOUN shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of SoundHound AI in a research note on Friday, September 11th. Piper Sandler cut their target price on SoundHound AI from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Wall Street Zen raised shares of SoundHound AI from a “strong sell” rating to a “sell” rating in a report on Sunday. Finally, DA Davidson reduced their price target on shares of SoundHound AI from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Check Out Our Latest Stock Report on SoundHound AI

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.

See Also