Insider Selling: Sonos Inc (NASDAQ:SONO) Insider Sells $92,987.29 in Stock

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Sonos Inc (NASDAQ:SONO) insider Nicholas Millington sold 8,107 shares of Sonos stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $11.47, for a total value of $92,987.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Nicholas Millington also recently made the following trade(s):

  • On Monday, July 1st, Nicholas Millington sold 16,893 shares of Sonos stock. The stock was sold at an average price of $11.48, for a total value of $193,931.64.

Shares of SONO opened at $11.65 on Friday. Sonos Inc has a 52-week low of $9.23 and a 52-week high of $22.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.02 and a current ratio of 2.06. The business’s 50 day moving average price is $10.92 and its two-hundred day moving average price is $10.90. The firm has a market cap of $1.26 billion and a PE ratio of -48.54.

Sonos (NASDAQ:SONO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.10. Sonos had a return on equity of 8.69% and a net margin of 1.86%. The firm had revenue of $260.12 million for the quarter, compared to analyst estimates of $245.54 million. During the same period in the previous year, the firm earned ($0.45) earnings per share. The company’s revenue was up 24.8% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. lifted its stake in Sonos by 53.2% in the fourth quarter. Advisor Group Inc. now owns 4,377 shares of the company’s stock valued at $43,000 after buying an additional 1,520 shares during the period. Tower Research Capital LLC TRC lifted its stake in Sonos by 673.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,345 shares of the company’s stock valued at $27,000 after buying an additional 2,042 shares during the period. Swiss National Bank lifted its stake in Sonos by 6.2% in the second quarter. Swiss National Bank now owns 37,600 shares of the company’s stock valued at $426,000 after buying an additional 2,200 shares during the period. Quantamental Technologies LLC acquired a new position in Sonos in the second quarter valued at approximately $32,000. Finally, BNP Paribas Arbitrage SA lifted its stake in Sonos by 610.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,836 shares of the company’s stock valued at $39,000 after buying an additional 3,296 shares during the period. 58.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on SONO shares. Zacks Investment Research lowered Sonos from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. ValuEngine raised Sonos from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $19.75.

About Sonos

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the United States and internationally. It provides wireless speakers, home theater speakers, and components. The company offers its products through third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its sonos.com Website.

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Insider Buying and Selling by Quarter for Sonos (NASDAQ:SONO)

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