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SoundHound AI's top executives sold millions in company stock, despite recent interest from analysts.
SoundHound AI insiders, including CEO Keyvan Mohajer and CFO Nitesh Sharan, have sold significant shares of the company this month. These sales total millions, indicating a decrease in their stock ownership. SoundHound AI develops voice AI solutions for industries like automotive and IoT. Despite recent stock sales and financial losses, the company has seen interest from analysts, with a "Hold" rating and a target price of $12.86. SoundHound AI also expanded its collaboration with NVIDIA to enhance AI solutions.
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