Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Keyvan Mohajer, CEO of SoundHound AI, INC. (NASDAQ:SOUN), sold 118,654 shares of Class A Common Stock on October 8, 2025, for a total of $2.37 million. The shares were sold at a weighted average price of $20.0024, with individual sales prices ranging from $20.00 to $20.06. The transaction comes as the stock shows remarkable strength, with a 259% return over the past year and a 112% gain in the last six months, according to InvestingPro data.
Following the transaction, Mohajer directly owns 2,342,613 shares of SoundHound AI , INC. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted in May 2025. InvestingPro analysis indicates the stock is currently overvalued, with a "Fair" overall financial health score. Discover 13 additional exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, SoundHound AI has reported several key developments. The company announced its acquisition of Interactions, a firm specializing in AI for customer service, for approximately $60 million in cash. This acquisition aims to enhance SoundHound’s capabilities in conversational AI technology, with additional payments contingent on achieving specific revenue milestones. Additionally, SoundHound AI has partnered with Red Lobster to implement AI-powered phone ordering systems across all restaurant locations, streamlining order processes and reducing staff workload. In another collaboration, SoundHound AI and Apivia Courtage have deployed agentic AI technology in Apivia’s contact centers, resulting in a 20% productivity increase. Furthermore, Primary Health Solutions has adopted SoundHound’s voice platform to improve patient engagement and appointment management. DA Davidson has raised its price target for SoundHound AI to $17 from $15, maintaining a Buy rating following the acquisition news. These recent developments underscore SoundHound AI’s expanding influence in the AI sector.
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