SoundHound AI (NASDAQ:SOUN) Shares Down 6.5% After Insider Selling

SoundHound AI, Inc. (NASDAQ:SOUN) shares were down 6.5% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $6.06 and last traded at $6.06. Approximately 16,010,978 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 27,240,650 shares. The stock had previously closed at $6.48.

Specifically, SVP Majid Emami sold 31,019 shares of SoundHound AI stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $6.79, for a total value of $210,619.01. Following the completion of the transaction, the senior vice president directly owned 501,826 shares of the company’s stock, valued at approximately $3,407,398.54. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Ming Hom sold 31,019 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $6.79, for a total transaction of $210,619.01. Following the sale, the insider owned 772,364 shares in the company, valued at approximately $5,244,351.56. The trade was a 3.86% decrease in their position. The SEC filing for this sale provides additional information. In related news, CEO Keyvan Mohajer sold 124,510 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $6.79, for a total value of $845,422.90. Following the transaction, the chief executive officer directly owned 2,073,777 shares of the company’s stock, valued at approximately $14,080,945.83. This represents a 5.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

SOUN has been the subject of several recent analyst reports. Zacks Research upgraded SoundHound AI from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. HC Wainwright decreased their target price 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. Piper Sandler reaffirmed a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of SoundHound AI in a report on Friday, February 27th. 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, LADENBURG THALM/SH SH upgraded shares of SoundHound AI to a “strong-buy” rating in a research report on Thursday, December 18th. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.93.

Key Headlines Impacting SoundHound AI

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

SoundHound AI Stock Down 2.6%

The business’s fifty day moving average is $8.19 and its 200-day moving average is $12.06. The company has a market cap of $2.49 billion, a PE ratio of -117.98 and a beta of 2.65.

SoundHound AI (NASDAQ:SOUN) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $55.06 million for the quarter, compared to the consensus estimate 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 period last year, the firm earned ($0.05) earnings per share. Analysts forecast that SoundHound AI, Inc. will post -0.38 EPS for the current fiscal year.

Institutional Trading of SoundHound AI

A number of hedge funds and other institutional investors have recently bought and sold shares of SOUN. Royal Bank of Canada lifted its position in shares of SoundHound AI by 71.3% during the 1st quarter. Royal Bank of Canada now owns 160,299 shares of the company’s stock valued at $1,301,000 after buying an additional 66,714 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in SoundHound AI by 8.9% during the first quarter. Integrated Wealth Concepts LLC now owns 14,676 shares of the company’s stock valued at $119,000 after purchasing an additional 1,201 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of SoundHound AI by 12.9% in the first quarter. NewEdge Advisors LLC now owns 41,030 shares of the company’s stock worth $333,000 after purchasing an additional 4,692 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of SoundHound AI by 69.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,639,689 shares of the company’s stock worth $21,434,000 after purchasing an additional 1,085,473 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of SoundHound AI by 10.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 692,170 shares of the company’s stock valued at $5,620,000 after purchasing an additional 63,398 shares during the period. Hedge funds and other institutional investors own 19.28% of the company’s stock.

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.