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Nitesh Sharan, Chief Financial Officer of SoundHound AI, INC. (NASDAQ:SOUN), sold a total of 96,596 shares of Class A Common Stock on September 22, 2025. The sales were executed in a price range of $16.0016 to $17.21, totaling approximately $1,059,625. The transaction comes as SoundHound’s stock shows significant momentum, with a 263% return over the past year and current trading at $17.77. According to InvestingPro analysis, the stock appears overvalued at current levels.
According to a Form 4 filing with the Securities and Exchange Commission, Sharan disposed of 30,000 shares at a price of $17.21, totaling $516,300; 30,376 shares at $17.21, totaling $522,770 and 66,220 shares at $16.0016, totaling $1,059,625.
On the same day, Sharan also exercised options to acquire 30,000 shares of Class A Common Stock at an exercise price of $7.514, for a total value of $225,420.
Following these transactions, Sharan directly owns 1,796,304 shares of SoundHound AI, INC.
In other recent news, SoundHound AI has made significant strides with several strategic developments. The company announced the acquisition of Interactions, a provider specializing in AI for customer service, for approximately $60 million in cash, with potential additional payments based on revenue milestones. This acquisition is expected to enhance SoundHound’s conversational AI capabilities and contribute positively to its operating profitability. Furthermore, SoundHound AI has partnered with Red Lobster to implement AI-powered phone ordering across all restaurant locations, streamlining operations by handling multiple calls and taking orders directly through an integrated system.
In addition to these developments, Primary Health Solutions has adopted SoundHound’s AI voice platform to improve patient engagement by facilitating appointment management through speech or text. The automotive sector also saw advancements as SoundHound’s Chat AI Automotive voice assistant was launched in select Jeep vehicles across Europe, offering drivers enhanced interaction capabilities. Analyst firm DA Davidson responded to these moves by raising its price target for SoundHound AI from $15 to $17, maintaining a Buy rating on the stock. These recent initiatives underscore SoundHound AI’s commitment to expanding its AI technology across various industries.
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