Insider Selling: SoundHound AI (NASDAQ:SOUN) COO Sells $484,855.24 in Stock

SoundHound AI, Inc. (NASDAQ:SOUN) COO Michael Zagorsek sold 64,994 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.46, for a total transaction of $484,855.24. Following the sale, the chief operating officer owned 1,669,497 shares of the company’s stock, valued at $12,454,447.62. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Zagorsek also recently made the following trade(s):

• On Friday, March 20th, Michael Zagorsek sold 52,968 shares of SoundHound AI stock. The stock was sold at an average price of $6.79, for a total transaction of $359,652.72.

SoundHound AI Stock Performance

SOUN stock opened at $7.12 on Friday. The firm’s 50-day moving average price is $7.95 and its two-hundred day moving average price is $8.77. SoundHound AI, Inc. has a 12-month low of $5.83 and a 12-month high of $22.17. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of -15.15 and a beta of 2.56.

SoundHound AI (NASDAQ:SOUN) last posted its earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $44.20 million for the quarter, compared to analysts’ expectations of $42.56 million. SoundHound AI had a negative return on equity of 40.15% and a negative net margin of 91.84%.The business’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Equities analysts predict that SoundHound AI, Inc. will post -0.45 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of SoundHound AI by 16.4% in the third quarter. Vanguard Group Inc. now owns 43,457,569 shares of the company’s stock worth $698,798,000 after acquiring an additional 6,132,648 shares during the last quarter. Morgan Stanley raised its position in shares of SoundHound AI by 48.1% in the 4th quarter. Morgan Stanley now owns 8,987,522 shares of the company’s stock worth $89,606,000 after purchasing an additional 2,917,280 shares during the last quarter. UBS Group AG raised its position in shares of SoundHound AI by 77.6% in the 4th quarter. UBS Group AG now owns 6,124,283 shares of the company’s stock worth $61,059,000 after purchasing an additional 2,676,707 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in SoundHound AI by 2,259.7% in the 4th quarter. Voloridge Investment Management LLC now owns 2,199,511 shares of the company’s stock worth $21,929,000 after purchasing an additional 2,106,298 shares in the last quarter. Finally, Jump Financial LLC bought a new position in SoundHound AI in the 3rd quarter worth about $21,679,000. Hedge funds and other institutional investors own 19.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SOUN shares. DA Davidson reissued a “buy” rating and set a $14.00 target price on shares of SoundHound AI in a research note on Wednesday, April 22nd. Piper Sandler reaffirmed 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. LADENBURG THALM/SH SH upgraded shares of SoundHound AI to a “strong-buy” rating in a report on Wednesday, May 6th. HC Wainwright reduced their price objective on shares of SoundHound AI from $26.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of SoundHound AI in a report on Monday. One research 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 company’s stock. According to MarketBeat.com, the company presently has an average 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: SoundHound AI agreed to acquire LivePerson for $100 million, a move that could broaden its conversational AI footprint and expand its product ecosystem. The company also launched its OASYS agentic AI platform, which strengthens its long-term growth narrative in voice and chat AI. SoundHound AI (SOUN) Buys LivePerson For $100 Million And Launches OASYS
• Positive Sentiment: The company released research showing 96% of organizations said agentic AI deployments met or exceeded ROI expectations, supporting the investment case for SoundHound’s AI offerings and enterprise adoption trends. Research Finds 96% of Organizations Report that Agentic AI Deployments Met or Exceeded ROI Expectations in 2026
• Positive Sentiment: Coverage highlighted continued momentum in restaurant AI rollouts, including drive-thru automation and cross-selling opportunities, which suggests another potential growth avenue for SoundHound’s revenue base. SoundHound’s Drive-Thru AI Shows ROI: Can Restaurant Rollouts Scale?
• Neutral Sentiment: The stock also drew attention after a report said it may be undervalued versus its longer-term prospects, but investors remain split given recent volatility and valuation concerns. SoundHound AI (SOUN) Stock Could Be 50.3% Undervalued Despite Its Recent Share Price Slide
• Negative Sentiment: Multiple insiders, including the CEO, COO, CTO and other executives, sold shares in recent filings. While the company said the sales were tied to tax withholding on equity awards, the size and number of transactions may still weigh on sentiment. SoundHound AI (NASDAQ:SOUN) CTO Timothy Stonehocker Sells 18,802 Shares

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.