Recent developments in Soundhound AI, Inc. (NASDAQ: Soun) raises eyebrows among shareholders. Co-founder Keyvan Mohajer has made a notable sale and settled shares worth US$2.2 million at a price of US$16.00 each.
The sale only made up of 5.3% of total holdings, but it could still raise concerns about trust in the company's trajectory.
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The final year of insider transactions in Soundhound AI
It is appropriate to note that Mohajer's recent stock processing was not an isolated event. Earlier this year, they also sold stakes worth US$2.5 million for US$20.30 each. While insider sales are usually skeptical, lower sales prices raise even more concern.
However, the silver lining lies in the fact that the deal occurred above the current stock price of $16.35, suggesting that insider sentiment about the price may not be overwhelmingly negative.
No additional shares have been purchased by Soundhound AI insiders in the past year. For comprehensive details on insider transactions, see the chart below to specify who sold, at what price, and when.
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Soundhound AI Insider Owner
It is important for shareholders to look at the extent of insider ownership within the company. In general, the greater insider ownership, the more likely the management will act in the best interests of its shareholders over the long term.
Currently, insiders own 10% of Soundhound AI, which amounts to approximately USD 748 million based on recent trading prices. This level of ownership is encouraging as it strengthens the prospects that executives are in line with shareholder interests.
What insights does this data provide regarding Soundhound AI Insiders?
Insider recently sold his shares in Soundhound AI without having to buy, but this trend sparks attention.
Despite the strong level of insider ownership, the history of stock sales creates some degree of uncertainty.
Understanding insider activities is essential to assessing the risks of a company. Soundhound AI is currently being presented Three red flags It needs to be carefully considered.
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This article by RS Web Solutions and Simply Wall ST is for informational purposes. Our commentary is derived from historical data and analyst predictions using unbiased methodologies, and is meaningless as financial advice.
It is not an encouragement to buy and sell securities and does not take into account individual financial goals or circumstances. Our aim is to provide long-term insights driven by basic data and may not explain the latest price-sensitive company announcements or qualitative factors. RS Web Solutions and Simply wall cent maintenance There are no stock positions mentioned.
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