Majid Emami Sells 31,019 Shares of SoundHound AI (NASDAQ:SOUN) Stock

SoundHound AI, Inc. (NASDAQ:SOUN) SVP Majid Emami sold 31,019 shares of the stock in a transaction on 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 in the company, valued at $3,407,398.54. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Majid Emami also recently made the following trade(s):

• On Friday, December 26th, Majid Emami sold 32,741 shares of SoundHound AI stock. The stock was sold at an average price of $10.66, for a total value of $349,019.06.

SoundHound AI Stock Performance

NASDAQ:SOUN opened at $6.06 on Friday. SoundHound AI, Inc. has a 1 year low of $6.05 and a 1 year high of $22.17. The stock has a market cap of $2.56 billion, a P/E ratio of -121.18 and a beta of 2.65. The stock has a 50-day simple moving average of $8.29 and a 200-day simple moving average of $12.12.

SoundHound AI (NASDAQ:SOUN) last issued its 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 analyst estimates of $53.88 million. SoundHound AI had a negative return on equity of 3.63% and a negative net margin of 8.71%.The business’s quarterly revenue was up 59.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. On average, equities research analysts predict that SoundHound AI, Inc. will post -0.38 EPS for the current year.

Wall Street Analyst Weigh In

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

Trending Headlines about 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 Investors Weigh In On SoundHound AI

Large investors have recently modified their holdings of the stock. Danske Bank A S purchased a new position in SoundHound AI in the 3rd quarter valued at $26,000. Investors Research Corp increased its stake in SoundHound AI by 62.4% in the 3rd quarter. Investors Research Corp now owns 1,822 shares of the company’s stock valued at $29,000 after buying an additional 700 shares during the period. Financial Consulate Inc. purchased a new position in SoundHound AI during the 3rd quarter worth $32,000. Sound Income Strategies LLC lifted its stake in shares of 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 acquiring an additional 575 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 acquiring an additional 1,060 shares during the period. Hedge funds and other 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.