SoundHound AI’s chief product officer sells $805,922 in stock

James Ming Hom, the Chief Product Officer of SoundHound AI , Inc. (NASDAQ:SOUN), has recently executed significant stock transactions according to a filing with the Securities and Exchange Commission. Hom sold a total of 79,584 shares of the company’s Class A common stock in two separate transactions. The company, currently valued at $3.9 billion, has shown remarkable revenue growth of 85% over the last twelve months. According to InvestingPro analysis, the stock appears overvalued at current levels.

The first sale occurred on March 20, 2025, involving 28,388 shares at an average price of $9.9018 per share, totaling approximately $281,092. This transaction was made to satisfy tax withholding obligations related to the vesting of restricted stock units.

The second transaction took place on March 24, 2025, where 51,196 shares were sold at a weighted-average price of $10.2514 per share, amounting to approximately $524,830. This sale was conducted under a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks.

Following these transactions, Hom retains ownership of 638,456 shares in SoundHound AI. These sales are part of routine financial management and do not necessarily reflect any change in the executive’s outlook on the company’s prospects. For deeper insights into insider trading patterns and comprehensive financial analysis, access the full SoundHound AI research report on InvestingPro, which covers over 1,400 US stocks.

In other recent news, SoundHound AI has been making headlines with several significant developments. The company announced a deeper partnership with NVIDIA (NASDAQ:NVDA), integrating NVIDIA AI Enterprise software to enhance its voice AI solutions across various sectors, including automotive. This collaboration aims to reduce latency in AI processing and improve response accuracy. On the financial front, SoundHound AI reported its fourth-quarter and full-year results for 2024, noting a strong performance that led to a revision of its 2025 revenue guidance upwards, now expecting between $157.0 million and $177.0 million. However, SoundHound AI faced a delay in filing its Form 10-K due to the complexity of accounting for its recent acquisitions of Synq3, Inc. and Amelia Holdings, Inc., which has raised concerns among investors. Despite these challenges, the company continues to receive positive analyst attention. H.C. Wainwright maintained a Buy rating with a price target of $26, citing strong sales momentum and a robust financial position. Additionally, DA Davidson raised its price target for SoundHound AI to $13.00, highlighting the company’s successful market expansion and strategic acquisition of Amelia. These recent developments underscore SoundHound AI’s ongoing efforts to enhance its offerings and strengthen its market position.

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