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SoundHound AI , Inc. (NASDAQ:SOUN), an AI company whose stock has surged 146% over the past year, saw Chief Product Officer James Ming Hom sell a total of 79,530 shares of Class A Common Stock on June 20, 2025, at a price of $9.3559, amounting to $744074. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
The sales were executed in two tranches. The first involved 38,833 shares, and the second involved 40,697 shares. According to the filing’s footnotes, the sales reported were made to satisfy tax withholding obligations related to the vesting of performance stock units and restricted stock units.
On the same day, Hom also acquired 80,000 shares of Class A Common Stock as a result of the vesting of performance stock units, at no cost.
Following these transactions, Hom directly owns 637,560 shares of SoundHound AI, Inc.
In other recent news, SoundHound AI Inc. reported its first-quarter 2025 earnings with revenues of $29.1 million, marking a 151% year-over-year growth, although it fell short of the $31.37 million forecast. Despite this, the company beat EPS estimates with a reported loss per share of -$0.06, compared to the expected -$0.09. SoundHound AI’s acquisition of Amelia, a conversational AI company, has significantly contributed to its revenue, accounting for about 60% in the first quarter. The company maintains its revenue guidance for the full year 2025, projecting between $157 million and $177 million.
In analyst updates, H.C. Wainwright adjusted its price target for SoundHound AI to $18, down from $26, while maintaining a Buy rating, citing the company’s ability to drive efficiencies for small and medium businesses. Cantor Fitzgerald reaffirmed a Neutral rating with an $8.50 price target, noting a deferral of an Amelia-related contract as a factor for the revenue miss. Northland analysts maintained a Market Perform rating with a price target of $8.00, highlighting SoundHound’s role in speech recognition and language understanding.
SoundHound AI also announced a partnership with Allina Health to launch an AI agent named Alli, enhancing patient engagement and streamlining healthcare services. This collaboration utilizes SoundHound’s Amelia platform, which has been integrated into Allina Health’s Customer Experience Center, demonstrating the company’s expanding influence in the healthcare sector. These developments underscore SoundHound AI’s strategic efforts to diversify and grow its business across various sectors.
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