SoundHound AI Executives Sell Over $1.25 Million in Company Stock

Soundhound AI CEO sells over $750k in company stock By Investing.com

SoundHound AI , Inc. (NASDAQ:SOUN) CEO Keyvan Mohajer has recently sold a significant portion of his shares in the company, according to the latest SEC filings. On September 20 and 23, 2024, Mohajer sold a total of 154,185 shares of Class A Common Stock for an aggregate amount exceeding $750,000. The first transaction, which took place on September 20, involved the sale of 90,641 shares at a price of $4.8795 per share, totaling approximately $442,282. This sale was reported to meet tax withholding obligations related to the vesting of restricted stock units granted to Mohajer on various dates ranging from July 2022 to August 2024. A couple of days later, on September 23, the CEO sold an additional 63,544 shares at prices ranging from $4.87 to $5.02, with a weighted average price of $4.9162 per share. This second sale amounted to roughly $312,395 and was executed under a Rule 10b5-1 trading plan that Mohajer had adopted in March 2024. Following these transactions, Mohajer's direct ownership in SoundHound AI has decreased to 2,299,148 shares of Class A Common Stock. It is worth noting that the sales were conducted through a prearranged trading plan, which allows insiders to sell shares at predetermined times to avoid any accusations of trading on nonpublic information. Investors often keep a close eye on insider transactions as they can provide insights into an executive's confidence in the company's future prospects. However, sales like these, especially when they are planned in advance or related to tax obligations, are not uncommon and do not necessarily signal a lack of faith in the company. SoundHound AI, headquartered in Santa Clara, California, specializes in prepackaged software services and remains a notable player in the tech industry. The company, which was formerly known as Archimedes Tech SPAC Partners Co., is incorporated in Delaware and has been publicly traded since changing its name in January 2021. In other recent news, SoundHound AI has reported a substantial 54% increase in its second quarter earnings in 2024, reaching a total of $13.5 million. The company has also made strategic acquisitions, including Amelia AI and Allset, aimed at enhancing customer service capabilities and creating a voice commerce ecosystem. These acquisitions are projected to positively impact earnings in the latter half of 2025. SoundHound AI's backlog of subscriptions and bookings has notably doubled year-over-year, reaching $723 million, indicating strong demand for its services. In collaboration with MUSC Health, SoundHound has launched an AI-powered agent named Emily to streamline patient appointment management. H.C. Wainwright maintains a positive stance on SoundHound AI, reiterating a Buy rating, expressing confidence in the company's revenue growth and cost management strategy. These are among the recent developments that highlight SoundHound AI's commitment to innovation in the voice AI market. As SoundHound AI, Inc. (NASDAQ:SOUN) navigates through a period marked by insider transactions, investors might benefit from a closer look at the company's financial health and market performance through insights from InvestingPro. With a market capitalization of $1.75 billion, SoundHound AI is a mid-sized player in the tech industry, and its balance sheet reflects a company holding more cash than debt, which is a positive sign of financial stability. This is an essential factor for investors, especially when considering the company's strategic moves and the CEO's recent stock sales. Analysts following SoundHound AI anticipate sales growth in the current year, with the company already displaying a significant revenue growth of 53.47% over the last twelve months as of Q2 2024. This aligns with the company's performance, as the stock has shown a strong return over the last year, with an impressive 168.13% price total return. Such growth metrics can be encouraging for investors looking for companies with expanding revenue streams. InvestingPro Tips also reveal that SoundHound AI's stock price movements are quite volatile, which might be a consideration for investors with a lower risk tolerance. Moreover, the company is trading at a high Price / Book multiple of 7.85, suggesting a premium valuation compared to its book value as of the last twelve months ending Q2 2024. Investors interested in exploring further can find additional tips on SoundHound AI at InvestingPro, where there are currently 11 more tips available for in-depth analysis. Lastly, it is noteworthy that despite the CEO's share sales, SoundHound AI does not pay a dividend to shareholders, which means that investors are likely looking at capital gains as their primary return on investment. This factor, combined with the company's growth prospects and current financial position, may influence investment decisions.

SoundHound AI VP engineering sells over $100k in stock By Investing.com

SoundHound AI , Inc. (NASDAQ:SOUN) has reported a notable transaction by one of its top executives in a recent filing. Majid Emami, the company's Vice President of Engineering and a significant shareholder, sold 21,024 shares of Class A Common Stock at a price of $4.8795 per share. The total value of the stock sold amounts to $102,586. The transaction took place on September 20, 2024, and was disclosed in a filing with the Securities and Exchange Commission (SEC) on September 24. Following the sale, Emami still holds a substantial amount of SoundHound AI shares, with 829,752 shares remaining in his possession. It is worth noting that the sale was conducted to satisfy tax withholding obligations related to the vesting of shares from restricted stock units granted to Emami on several dates ranging from August 2022 to August 2024. This information was detailed in the footnotes of the SEC filing, providing context for the transaction. SoundHound AI, Inc. is a company specializing in prepackaged software services and is known for its voice-enabled AI and conversational intelligence technologies. The company, which has its corporate headquarters in Santa Clara, California, was previously known as Archimedes Tech Spac Partners Co before changing its name. Investors often monitor insider transactions like these for insights into executive sentiment and potential future stock performance. Emami's transaction represents a significant movement of stock by a key insider, although the reasons behind such sales can vary and may not necessarily reflect a change in the executive's view of the company's prospects. As with all insider transactions, the details provided in the SEC filings give shareholders and potential investors a transparent view of the financial activities of the company's executives. SoundHound AI, Inc. continues to be a player in the tech industry, with its stock traded on the NASDAQ under the ticker symbol SOUN. In other recent news, SoundHound AI Inc. has reported significant developments, starting with a robust 54% increase in its second quarter 2024 revenues, reaching $13.5 million. The company's backlog of subscriptions and bookings has notably doubled to $723 million, reflecting strong demand for its services. SoundHound AI has also made strategic acquisitions, including conversational AI leader Amelia and ordering platform Allset. These acquisitions are projected to positively impact earnings by the latter half of 2025. H.C. Wainwright recently reiterated a Buy rating on SoundHound AI, expressing confidence in the company's revenue growth strategy and cost management. The firm anticipates a move towards operating profitability over time. However, recent acquisitions might delay full-year profitability until possibly 2026 or 2027. SoundHound AI's collaboration with MUSC Health led to the launch of an AI-powered agent named Emily to streamline patient appointment management. This initiative is expected to enhance patient satisfaction and improve operational efficiency at MUSC Health. These developments highlight SoundHound AI's commitment to innovation in the voice AI market. As investors digest the recent insider transaction at SoundHound AI, Inc. (NASDAQ:SOUN), it's crucial to consider the company's financial health and market performance for a comprehensive view. According to InvestingPro data, SoundHound AI holds a market capitalization of approximately $1.75 billion. The company has experienced a significant revenue growth of 53.47% over the last twelve months as of Q2 2024, a testament to its increasing market presence in the software services sector. Despite the robust revenue growth, SoundHound AI is currently trading at a high revenue valuation multiple, with a Price/Book ratio of 7.85, hinting at a premium market valuation relative to its book value. This aligns with an InvestingPro Tip that points out the stock's high Price/Book multiple, which could be an important consideration for value-focused investors. The company's stock price movements have been quite volatile, with a 168.13% return over the last year, yet a 20.52% decline over the last six months. This volatility is highlighted as an InvestingPro Tip, suggesting that investors should be prepared for significant price swings when investing in SoundHound AI. For those looking for deeper insights, InvestingPro offers additional tips on SoundHound AI's financial metrics and projections. In total, there are 11 InvestingPro Tips available, which can provide investors with a detailed analysis to help inform their investment decisions. These tips can be explored further at the dedicated InvestingPro page for SoundHound AI: https://www.investing.com/pro/SOUN.

SoundHound AI chief product officer sells over $100k in stock By Investing.com

SoundHound AI , Inc. (NASDAQ:SOUN) Chief Product Officer James Ming Hom has sold a significant portion of his stock in the company, according to a recent SEC filing. The executive offloaded a total of 21,024 shares at a price of $4.8795, netting a total of $102,586. The transaction, which took place on September 20, 2024, was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units granted to Hom. These units were part of compensation packages awarded on various dates, including August 4, 2022, September 7, 2022, August 3, 2023, and August 1, 2024. Following the sale, Hom still holds a substantial amount of SoundHound AI stock, with 865,965 shares remaining in his possession. The sale was executed directly, indicating that Hom personally owns the shares sold. Investors often keep a close eye on insider transactions as they can provide insights into an executive's view of the company's stock value and financial health. In this case, the transaction was related to Hom's personal tax obligations rather than a market-driven decision. SoundHound AI, based in Santa Clara, California, is known for its services in the prepackaged software industry. The company's stock is traded on the NASDAQ under the ticker symbol SOUN. "In other recent news, SoundHound AI Inc. demonstrated robust growth with a 54% increase in earnings in the second quarter of 2024, reaching a total of $13.5 million. The company's backlog of subscriptions and bookings doubled, reaching $723 million, indicating a strong demand for its services. Additionally, SoundHound AI's strategic acquisitions, including conversational AI leader Amelia and ordering platform Allset, are anticipated to contribute positively to earnings in the latter half of 2025. H.C. Wainwright maintained a positive stance on SoundHound AI, reiterating a Buy rating, expressing confidence in the company's revenue growth strategy and cost management. The firm expects a move towards operating profitability over time. SoundHound AI's recent developments also include the launch of an AI-powered agent named Emily in collaboration with MUSC Health. This agent is designed to streamline patient appointment management, enhancing patient satisfaction and operational efficiency. These developments highlight SoundHound AI's commitment to innovation in the voice AI market. Amid the insider transaction at SoundHound AI, Inc. (NASDAQ:SOUN), investors may find it insightful to consider the company's financial health and market performance. According to InvestingPro data, SoundHound AI holds a market capitalization of approximately $1.75 billion. The company's stock has experienced a high return over the last year, with a 168.13% increase in the price total return. This significant appreciation may offer context to the executive's stock sale and the overall investor sentiment towards the company. InvestingPro Tips suggest that SoundHound AI is trading at a high revenue valuation multiple, with a Price/Book ratio of 7.85 as of the last twelve months ending in Q2 2024. Despite the lack of profitability in the same period, as the company reported an operating income margin of -131.15%, analysts anticipate sales growth in the current year. This growth is reflected in the company's impressive revenue growth of 53.47% in the last twelve months. These metrics could be indicative of SoundHound AI's potential for future financial performance and may influence investor decisions. For those seeking a deeper dive into SoundHound AI's financial outlook, there are additional InvestingPro Tips available, providing further analysis and projections. Interested readers can find more tips at https://www.investing.com/pro/SOUN, offering a comprehensive view of the company's financial landscape and investment potential.

Soundhound AI CTO sells over $99k in company stock By Investing.com

SoundHound AI , Inc. (NASDAQ:SOUN) reported that its Chief Technology Officer, Timothy Stonehocker, has sold a significant amount of company stock. The transaction, dated September 20, 2024, involved the sale of 20,337 shares at a price of $4.8795 per share, amounting to a total of approximately $99,234. The sale was executed to meet tax withholding obligations related to the vesting of restricted stock units granted to Stonehocker on several dates, including August 4, 2022, September 7, 2022, August 3, 2023, and August 1, 2024. Following the transaction, the CTO still holds 1,039,194 shares of SoundHound AI's Class A Common Stock. Investors often monitor insider transactions as they may provide insights into the company's performance and stock valuation. The sale by Stonehocker was facilitated through a prearranged power of attorney, which was signed on May 5, 2022, authorizing Warren Heit, Nitesh Sharan, or Keyvan Mohajer to act on his behalf for Section 16 filings. SoundHound AI, headquartered in Santa Clara, California, specializes in prepackaged software services and has been incorporated in Delaware. The company's stock is publicly traded under the ticker symbol SOUN on the NASDAQ stock exchange. In other recent news, SoundHound AI Inc. has experienced robust growth, reporting a significant 54% rise in revenue in the second quarter of 2024, amounting to $13.5 million. The company's backlog of subscriptions and bookings has impressively doubled from the previous year, reaching $723 million, indicating strong demand for its services. SoundHound AI has also made strategic acquisitions, including conversational AI leader Amelia and ordering platform Allset, which are expected to positively impact earnings in the latter half of 2025. H.C. Wainwright maintained a positive stance on SoundHound AI, reiterating a Buy rating after expressing confidence in the company's revenue growth strategy and cost management. The firm anticipates SoundHound AI to move towards operating profitability over time, despite acknowledging that recent acquisitions might delay full-year profitability until possibly 2026 or 2027. MUSC Health, in collaboration with SoundHound AI, has launched an AI-powered agent named Emily to streamline patient appointment management. This initiative is expected to enhance patient satisfaction and improve operational efficiency at MUSC Health. These are among the recent developments that highlight SoundHound AI's commitment to innovation in the voice AI market. As SoundHound AI, Inc. (NASDAQ:SOUN) navigates the challenges and opportunities in the prepackaged software industry, the company's financial health and market performance are key areas of interest for investors. According to InvestingPro data, SoundHound AI holds a market capitalization of $1.75 billion, indicating its size within the competitive landscape. Despite the insider sale by CTO Timothy Stonehocker, the company's stock has experienced a notable high return over the last year, with a 168.13% price total return, showcasing significant investor confidence and market momentum. InvestingPro Tips also reveal that SoundHound AI holds more cash than debt on its balance sheet, which is a positive sign of financial stability. This is coupled with the fact that analysts anticipate sales growth in the current year, as evidenced by a robust 53.47% revenue growth over the last twelve months as of Q2 2024. These insights suggest that the company is in a strong position to invest in its core business and potentially drive further growth. On the valuation front, SoundHound AI is trading at a high Price / Book multiple of 7.85, which may reflect the market's high expectations for the company's future performance. However, it's important to note that analysts do not anticipate the company will be profitable this year, with a negative P/E ratio of -12.26, indicating that the company is currently not generating net income. For investors considering the potential long-term value of SoundHound AI, there are additional InvestingPro Tips available to provide further insights into the company's prospects. For those interested in a deeper dive into SoundHound AI's financials and market outlook, InvestingPro offers a comprehensive set of tips and metrics, with an additional 10 tips available at: https://www.investing.com/pro/SOUN

Soundhound AI COO sells over $200k in company stock By Investing.com

Michael Zagorsek, the Chief Operating Officer of SoundHound AI , Inc. (NASDAQ:SOUN), has recently sold a significant amount of company stock. On September 20, 2024, Zagorsek parted with 42,001 shares at a price of $4.8795 per share, totaling approximately $204,943. The transaction was reported to satisfy tax withholding obligations related to the vesting of restricted stock units granted to the executive. This sale comes at a time when insider transactions are watched closely by investors for insights into company health and executive sentiment. Following the sale, Zagorsek still maintains a substantial stake in the company, holding 1,473,322 shares of SoundHound AI's Class A Common Stock. SoundHound AI, a Delaware-incorporated company specializing in prepackaged software services, has been a player in the technology sector, with its ticker symbol SOUN recognized on the NASDAQ stock exchange. Investors and stakeholders often monitor such sales as indicators of an executive's confidence in the company's future performance. While the reasons behind the sale were tax-related, as disclosed in the footnotes of the SEC filing, the transaction still reflects a sizable divestment by a top executive. It's worth noting that the sale was executed by an attorney-in-fact, as indicated by the signature on the SEC filing, suggesting that Zagorsek had previously arranged for this transaction through a power of attorney. As SoundHound AI continues to navigate the competitive landscape of the tech industry, the movements of its top executives will remain in focus for those invested in the company's success. In other recent news, SoundHound AI has reported a significant increase in its earnings and revenues, marking a 54% rise in the second quarter of 2024 to reach a total of $13.5 million. The company's recent strategic acquisitions, including conversational AI leader Amelia and ordering platform Allset, are projected to positively impact earnings in the latter half of 2025. Analyst firm H.C. Wainwright maintains a Buy rating on SoundHound AI, expressing confidence in the company's strategy for revenue growth and cost management. SoundHound AI's backlog of subscriptions and bookings has notably doubled year-over-year, reaching $723 million, signaling strong demand for its services, particularly the Polaris (NYSE:PII) model. The company's recent mergers and acquisitions have positioned it as a leader in the conversational AI space. Furthermore, MUSC Health, in collaboration with SoundHound, has launched an AI-powered agent named Emily to streamline patient appointment management, highlighting SoundHound's commitment to innovation in the voice AI market. These recent developments indicate that SoundHound AI is strategically positioning itself for future growth, with a focus on enhancing customer service capabilities and creating a voice commerce ecosystem. As SoundHound AI, Inc. (NASDAQ:SOUN) makes its way through the competitive tech sector, the recent insider stock sale by COO Michael Zagorsek has put the company under the investor's microscope. To provide further context to this event, let's delve into some key metrics and insights from InvestingPro that may shed light on the company's financial health and market performance. InvestingPro data reveals that SoundHound AI currently holds a market capitalization of approximately $1.75 billion, reflecting its size and value in the market as of the last twelve months leading up to Q2 2024. Despite challenges, analysts following SoundHound AI anticipate sales growth in the current year, with revenue having grown by a robust 53.47% in the same period. This significant uptick in revenue growth is a positive sign for the company's potential to expand its market share and improve its financial standing. However, it's important to note that SoundHound AI is trading at a high Price / Book multiple of 7.85, which suggests that the stock may be valued quite richly in terms of its net assets. Additionally, the P/E Ratio stands at -12.26, indicating that investors are willing to bear losses in the short term with expectations for future profitability. This aligns with an InvestingPro Tip that analysts do not anticipate the company will be profitable this year, which is a critical consideration for investors eyeing long-term growth. For those interested in further analysis and additional InvestingPro Tips, there are 10 more listed on the InvestingPro platform, providing deeper insights into SoundHound AI's financials and market position. These tips could prove invaluable for investors seeking to make informed decisions about their stake in the company. Lastly, while the stock price movements of SoundHound AI have been quite volatile, the company has demonstrated a strong return over the last three months, with a 22.61% price total return. This level of performance could be indicative of investor optimism or a reaction to broader market trends. As SoundHound AI progresses, keeping an eye on these financial metrics and market signals will be crucial for stakeholders and potential investors alike.

SoundHound AI CFO sells over $193k in company stock By Investing.com

Nitesh Sharan, the Chief Financial Officer of SoundHound AI , Inc. (NASDAQ:SOUN), has recently sold a significant portion of his company stock, according to the latest filings. The transaction, which took place on September 20, 2024, involved the sale of 39,728 shares at a price of $4.8795 per share, resulting in a total transaction value of approximately $193,852. The sale was made to satisfy tax withholding obligations related to the vesting of restricted stock units granted to Sharan on various dates ranging from July 2022 to August 2024. Following this transaction, Sharan still owns a substantial number of shares in the company, with a reported 1,560,411 shares remaining in his possession. Investors often monitor the buying and selling activity of company executives as it may provide insights into their confidence in the company's future prospects. While the sale of stock by an executive can be for various reasons, such as personal financial planning or to meet tax obligations, it is a notable event that is disclosed to the public for transparency. SoundHound AI, Inc., a company specializing in prepackaged software services, has its corporate headquarters in Santa Clara, California, and is incorporated in Delaware. The company's stock trades under the ticker symbol SOUN on the NASDAQ exchange. The transactions are part of the routine disclosures required by company insiders, providing the market with up-to-date information on the financial dealings of SoundHound AI's executives. In other recent news, SoundHound AI Inc. has reported a substantial rise in earnings and revenues, marking a 54% increase in the second quarter of 2024 to reach a total of $13.5 million. The company's management has expressed confidence in its strategy for revenue growth and cost management, anticipating a move towards operating profitability over time. Analyst firm H.C. Wainwright has maintained a positive stance on SoundHound AI, reiterating a Buy rating. SoundHound AI's recent mergers and acquisitions, such as those with SYNQ3 and Amelia AI, have positioned the company as a leader in the conversational AI space. The company's backlog of subscriptions and bookings has notably doubled year-over-year, reaching $723 million, indicating strong demand for its services. In collaboration with MUSC Health, SoundHound has launched an AI-powered agent named Emily, aimed at streamlining patient appointment management. These recent developments highlight SoundHound's commitment to innovation in the voice AI market. The company anticipates its revenues to surpass $80 million in 2024 and $150 million in 2025. As investors digest the news of CFO Nitesh Sharan's stock sale in SoundHound AI, Inc. (NASDAQ:SOUN), they may find additional context by considering the company's financial and market performance metrics. According to real-time data from InvestingPro: InvestingPro Tips further reveal that SoundHound AI holds more cash than debt on its balance sheet, which can be a sign of financial stability. Analysts anticipate sales growth in the current year, which may influence investor sentiment. However, they do not expect the company to be profitable this year, as reflected in the negative P/E ratio of -12.26 and adjusted P/E ratio of -17.95 for the last twelve months as of Q2 2024. The stock's volatility is also notable, with significant price movements over the last three months resulting in a 22.61% return. For investors seeking a more in-depth analysis, InvestingPro offers additional insights, with a total of 11 InvestingPro Tips available for SoundHound AI, Inc. These tips can provide valuable guidance on various aspects of the company's financial health and stock performance. To explore these insights, interested individuals can visit InvestingPro SoundHound AI.