Street Calls of the Week
Chief Operating Officer Michael Zagorsek of SoundHound AI, Inc. (NASDAQ:SOUN) sold 69,837 shares of Class A Common Stock on September 22, 2025, at a price of $16.0016, for a total value of $1,117,503. The stock, currently trading at $17.77, has shown significant volatility with a beta of 2.78 and has delivered an impressive 263% return over the past year. According to InvestingPro analysis, the company appears to be trading above its Fair Value.
Following the transaction, Zagorsek directly owns 1,860,790 shares of SoundHound AI , Inc. The sale was executed to satisfy tax withholding obligations related to the vesting of restricted stock units. With a market capitalization of $7.36 billion, SoundHound maintains strong liquidity with a current ratio of 4.84. Discover more comprehensive insider trading analysis and 15+ additional ProTips with InvestingPro’s detailed research reports.
The sale was reported in a Form 4 filing with the Securities and Exchange Commission. The document was signed by Warren Heit, attorney-in-fact for Michael Zagorsek, on September 24, 2025.
In other recent news, SoundHound AI has made significant strides with its recent developments. The company announced the acquisition of Interactions, a provider of AI-powered voice assistants, for approximately $60 million in cash, with additional payments contingent on revenue milestones. This acquisition aims to enhance SoundHound’s capabilities in conversational AI technology, with expectations of immediate positive impacts on operating profitability. In another notable development, SoundHound AI has partnered with Red Lobster to implement AI-powered phone ordering across all restaurant locations, streamlining operations by integrating directly with the point-of-sale system.
Furthermore, DA Davidson has raised its price target for SoundHound AI from $15 to $17, maintaining a Buy rating following the acquisition news. SoundHound AI is also expanding its reach in the automotive sector, with its voice AI assistant now available in select Jeep vehicles across Europe, allowing for more advanced in-vehicle interactions. Additionally, Primary Health Solutions has adopted SoundHound’s voice platform to improve patient engagement by managing appointments via speech or text. These developments highlight SoundHound AI’s growing influence across various industries.
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