SoundHound AI, INC. (NASDAQ: SOUN) CEO Keyvan Mohajer executed a sale of 124,510 shares of Class A Common Stock on March 20, 2026, at a per-share price of $6.7903, for a total of $845,460. Following the disposition, Mohajer directly holds 2,073,777 shares in the company.
The company said the stock sale was carried out to satisfy tax withholding obligations associated with restricted stock unit vesting. The transaction occurred while SoundHound's share price was trading near its 52-week low of $6.36. Over the past week the shares were down 19%, and they have fallen 64% over the past six months.
Third-party commentary cited in market notes characterizes the stock as appearing overvalued at current levels, according to InvestingPro. The same notes point to SoundHound's balance sheet strength, noting the company carries more cash than debt. Operationally, the company reported significant top-line expansion, with revenue up 99% year over year for the trailing twelve months.
SoundHound also released fourth-quarter fiscal 2025 results showing revenue of $55.1 million, which beat both H.C. Wainwright's estimate of $52.1 million and the broader consensus estimate of $54.0 million. Market coverage following the results included D.A. Davidson reaffirming a Buy rating and assigning a $14.00 price target, emphasizing the company's robust revenue performance and broad-based demand across industries. H.C. Wainwright retained a Buy rating as well but lowered its price target to $20 from $26, citing valuation pressure in the software sector as the reason for the adjustment.
On the leadership front, SoundHound announced that Chief Financial Officer Nitesh Sharan will depart to join a quantum computing company effective April 3, 2026. The company said James Hom, Chief Product Officer and co-founder, will assume the CFO role on an interim basis while the search for a permanent replacement proceeds.
Looking to product demonstrations, SoundHound plans to showcase its multimodal, multilingual agentic AI platform at NVIDIA GTC 2026. The company highlighted that the platform enables AI agents to run fully on-device without the need for cloud connectivity; SoundHound will present the technology at Booth #1844 at the conference.
For investors and analysts seeking deeper detail, InvestingPro offers a Pro Research Report with additional analysis and 13 supplemental ProTips on the company.
Clear summary
Keyvan Mohajer sold 124,510 SoundHound AI shares on March 20, 2026, netting $845,460 at $6.7903 per share to cover tax liabilities from vested restricted stock units. The sale occurred while the stock trades near its 52-week low, even as the company reported 99% trailing revenue growth and beat fourth-quarter fiscal 2025 revenue estimates. Analyst coverage shows mixed movements in price targets, and the company announced an interim CFO following Nitesh Sharan's departure on April 3, 2026.
Key points
- Executive sale: CEO Keyvan Mohajer sold 124,510 Class A shares for $845,460 on March 20, 2026, and now owns 2,073,777 shares directly.
- Stock context: Shares are trading close to a 52-week low of $6.36, down 19% over the past week and 64% over six months.
- Company performance and events: SoundHound reported Q4 fiscal 2025 revenue of $55.1 million, with revenue rising 99% over the last twelve months; CFO Nitesh Sharan will leave on April 3, 2026, with James Hom serving as interim CFO; the company will demo its on-device multimodal, multilingual AI platform at NVIDIA GTC 2026.
Risks and uncertainties
- Share-price volatility - The stock is near its 52-week low and has experienced significant declines recently, which could affect investor sentiment in the software and AI sectors.
- Valuation concerns - One market service flagged the shares as appearing overvalued at current levels, indicating potential valuation pressure in the software sector that has influenced analyst price-target adjustments.
- Leadership transition - The departure of CFO Nitesh Sharan and an interim appointment create near-term uncertainty in corporate finance leadership, which could affect investor assessment of execution risk.
Where to find more detail
InvestingPro's Pro Research Report is cited as providing expanded analysis, including 13 additional ProTips.