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Keyvan Mohajer, CEO of SoundHound AI, Inc. (NASDAQ:SOUN), sold 138,523 shares of Class A Common Stock on September 22, 2025, at a price of $16.0016, for a total transaction value of $2,216,589. The transaction comes as SOUN shares have delivered a remarkable 263% return over the past year, with the stock currently trading at $17.77. Following the transaction, Mohajer directly owns 2,461,267 shares of the company. The sale was executed to cover tax obligations related to the vesting of restricted stock units. With a market capitalization of $7.36 billion and impressive revenue growth of 137% year-over-year, SoundHound continues to show strong momentum. InvestingPro analysis reveals 15+ additional key insights about SOUN’s valuation and growth prospects, available exclusively to subscribers.
In other recent news, SoundHound AI has made significant strides with several key developments. The company announced the acquisition of Interactions for approximately $60 million in cash, with potential additional payments tied to specific revenue milestones. This acquisition aims to bolster SoundHound’s capabilities in conversational AI technology and is expected to immediately enhance the company’s operating profitability. Additionally, SoundHound AI has partnered with Red Lobster to implement AI-powered phone ordering across all its restaurant locations, streamlining operations by handling multiple calls and integrating directly with the point-of-sale system.
Furthermore, DA Davidson has raised its price target for SoundHound AI from $15 to $17, while maintaining a Buy rating, reflecting confidence in the company’s growth prospects following the acquisition. In the healthcare sector, Primary Health Solutions has adopted SoundHound’s AI voice platform to improve patient engagement, facilitating appointment management and reducing hold times. SoundHound AI’s technology is also being integrated into select Jeep vehicles across Europe, enhancing driver interaction with in-vehicle systems through conversational AI. These developments underscore SoundHound AI’s expanding influence across various industries.
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