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 stock was 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 approximately $11,279,011.59. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SoundHound AI Trading Down 6.5%

SOUN opened at $6.06 on Friday. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -121.18 and a beta of 2.65. The stock has a fifty day simple moving average of $8.29 and a two-hundred day simple moving average of $12.12. SoundHound AI, Inc. has a 12-month low of $6.05 and a 12-month high of $22.17.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SoundHound AI in a research note on Friday, January 9th. Piper Sandler restated a “neutral” rating and issued a $9.00 price target (down from $11.00) on shares of SoundHound AI in a research note on Friday, February 27th. HC Wainwright reduced their price objective on SoundHound AI from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Zacks Research upgraded SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Cantor Fitzgerald raised SoundHound AI from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Friday, December 12th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus 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: Industry recognition: Aragon Research named SoundHound a leader for agent platforms, which reinforces its enterprise voice/agent AI growth story and could support longer‑term valuation if execution follows. SoundHound AI Named Leader in The Aragon Research Globe™ for Agent Platforms 2026
• Positive Sentiment: Analyst/feature coverage highlights upside: a couple of fintech/media pieces profile SoundHound as having a long‑run opportunity in voice‑powered, agentic AI — positive narrative for patient growth investors. 2 Tech Stocks Most Investors Haven’t Heard of That Could Go Parabolic
• Neutral Sentiment: Analyst consensus: brokerages show a consensus target around $14.93, indicating substantial implied upside versus current levels but requiring sustained revenue/profit progress to realize. SoundHound AI Receives $14.93 Consensus Target Price
• Neutral Sentiment: Institutional activity: some hedge funds and large brokers have increased positions recently, which can provide support but is not an immediate catalyst. (Useful context for longer‑term holders.)
• Negative Sentiment: Coordinated insider selling: multiple senior executives (CEO, CFO, COO, CTO, SVP and others) sold large blocks around mid‑March at roughly the same price — a common trigger for short‑term selling pressure and investor concern about insider conviction. Example SEC filing for the CEO sale is linked. CEO Insider Sale SEC Filing
• Negative Sentiment: Negative media/market sentiment: Jim Cramer reiterated skepticism (calling the company a “continual money loser”), which can amplify selling from retail/institutional investors. Jim Cramer on SoundHound AI
• Negative Sentiment: Sector competition / news flow: a market roundup tied to Anthropic adding device‑control features to its assistant sparked a sell‑off in AI names, including SoundHound, by raising competitive risk and shortening investor time horizons. Health Catalyst, Asure Software, GitLab, Zeta Global, and SoundHound AI Shares Plummet

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kieckhefer Group LLC lifted its position in SoundHound AI by 47.2% in the 3rd quarter. Kieckhefer Group LLC now owns 259,000 shares of the company’s stock valued at $4,165,000 after acquiring an additional 83,000 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of SoundHound AI by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 498,691 shares of the company’s stock worth $5,351,000 after purchasing an additional 61,212 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of SoundHound AI by 252.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 218,868 shares of the company’s stock worth $3,519,000 after purchasing an additional 156,835 shares in the last quarter. Fluent Financial LLC purchased a new position in shares of SoundHound AI in the third quarter worth $1,083,000. Finally, Carnegie Investment Counsel raised its stake in shares of SoundHound AI by 13.7% in the third quarter. Carnegie Investment Counsel now owns 1,363,405 shares of the company’s stock worth $21,924,000 after purchasing an additional 164,725 shares during the last quarter. Institutional investors own 19.28% of the company’s stock.

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.