Michael Zagorsek Sells 64,994 Shares of SoundHound AI (NASDAQ:SOUN) Stock

Posted by George Bondi on Jun 19th, 2026

SoundHound AI, Inc. (NASDAQ:SOUN – Get Free Report) COO Michael Zagorsek sold 64,994 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $7.46, for a total value of $484,855.24. Following the transaction, the chief operating officer directly owned 1,669,497 shares in the company, valued at approximately $12,454,447.62. The trade was a 3.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Zagorsek also recently made the following trade(s):

On Friday, March 20th, Michael Zagorsek sold 52,968 shares of SoundHound AI stock. The shares were sold at an average price of $6.79, for a total value of $359,652.72.

SoundHound AI Stock Performance

NASDAQ SOUN opened at $7.12 on Friday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -15.15 and a beta of 2.56. The firm has a 50 day simple moving average of $7.94 and a 200-day simple moving average of $8.78. SoundHound AI, Inc. has a one year low of $5.83 and a one year high of $22.17.

SoundHound AI (NASDAQ:SOUN – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). SoundHound AI had a negative return on equity of 40.15% and a negative net margin of 91.84%.The business had revenue of $44.20 million for the quarter, compared to analysts’ expectations of $42.56 million. During the same period in the previous year, the company earned ($0.06) earnings per share. SoundHound AI’s quarterly revenue was up 51.7% on a year-over-year basis. Equities analysts predict that SoundHound AI, Inc. will post -0.45 EPS for the current fiscal year.

SoundHound AI News Summary

Here are the key news stories impacting SoundHound AI this week:

Positive Sentiment: SoundHound highlighted new research showing 96% of organizations say agentic AI deployments met or exceeded ROI expectations, reinforcing the company’s opportunity in enterprise voice and customer-service automation. Article: Research Finds 96% of Organizations Report that Agentic AI Deployments Met or Exceeded ROI Expectations in 2026
Positive Sentiment: Coverage on SoundHound’s drive-thru AI business said restaurant rollouts are showing ROI, with cross-selling and Voice Insight adoption supporting broader commercialization. Article: SoundHound’s Drive-Thru AI Shows ROI: Can Restaurant Rollouts Scale?
Positive Sentiment: One market commentary argued SOUN could be materially undervalued despite recent weakness, suggesting investors still see upside if growth continues. Article: SoundHound AI (SOUN) Stock Could Be 50.3% Undervalued Despite Its Recent Share Price Slide
Neutral Sentiment: SoundHound’s stock also outpaced the broader market in the latest session, reflecting renewed trading interest after the recent slide. Article: SoundHound AI, Inc. (SOUN) Outpaces Stock Market Gains: What You Should Know
Neutral Sentiment: Multiple executives sold shares on June 15, but the company said the transactions were tied to tax withholding from vested equity awards, making them less alarming than open-market selling. Article: SoundHound AI (NASDAQ:SOUN) CTO Timothy Stonehocker Sells 18,802 Shares
Negative Sentiment: Retail coverage noted concern about insider share disposals and rising losses, which can weigh on sentiment in a stock already seen as volatile. Article: SOUN Stock Eyes Worst Month This Year: Insider Share Disposals At SoundHound AI Draw Retail Attention

Analyst Ratings Changes

SOUN has been the subject of several analyst reports. Piper Sandler reissued a “neutral” rating and set a $9.00 target price (down from $11.00) on shares of SoundHound AI in a research note on Friday, February 27th. LADENBURG THALM/SH SH raised SoundHound AI to a “strong-buy” rating in a research report on Wednesday, May 6th. HC Wainwright decreased their price objective on SoundHound AI from $26.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of SoundHound AI in a research report on Monday. Finally, DA Davidson restated a “buy” rating and set a $14.00 target price on shares of SoundHound AI in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SoundHound AI has an average rating of “Moderate Buy” and a consensus price target of $14.93.

Check Out Our Latest Report on SOUN

Hedge Funds Weigh In On SoundHound AI

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in SoundHound AI by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 45,367,437 shares of the company’s stock worth $452,313,000 after buying an additional 1,909,868 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of SoundHound AI by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 9,180,321 shares of the company’s stock valued at $91,543,000 after acquiring an additional 273,097 shares during the last quarter. Morgan Stanley raised its position in shares of SoundHound AI by 48.1% during the 4th quarter. Morgan Stanley now owns 8,987,522 shares of the company’s stock worth $89,606,000 after acquiring an additional 2,917,280 shares in the last quarter. State Street Corp raised its position in shares of SoundHound AI by 0.9% during the 4th quarter. State Street Corp now owns 8,691,235 shares of the company’s stock worth $86,652,000 after acquiring an additional 80,908 shares in the last quarter. Finally, UBS Group AG lifted its stake in SoundHound AI by 77.6% during the fourth quarter. UBS Group AG now owns 6,124,283 shares of the company’s stock worth $61,059,000 after purchasing an additional 2,676,707 shares during the last quarter. Hedge funds and other institutional investors own 19.28% of the company’s stock.

SoundHound AI Company Profile

(Get Free Report)

SoundHound AI, Inc is a voice AI and conversational intelligence company specializing in speech recognition, natural language understanding and sound identification technologies. Founded in 2005 and headquartered in Santa Clara, California, the company initially gained recognition with its music discovery app before pivoting to enterprise-grade voice AI solutions. Over the years, SoundHound AI has built a comprehensive platform that enables developers and businesses to embed conversational intelligence into a wide range of products and services.

The company’s core offering is the Houndify voice AI platform, which provides customizable speech-to-meaning technology, domain-specific natural language understanding and text-to-speech capabilities.