Sonos, Inc. (NASDAQ:SONO – Get Free Report) Director Julius Genachowski sold 19,855 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $17.00, for a total value of $337,535.00. Following the completion of the sale, the director owned 53,775 shares in the company, valued at $914,175. This represents a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sonos Price Performance
NASDAQ SONO opened at $14.66 on Friday. The stock has a market capitalization of $1.73 billion, a PE ratio of 32.58 and a beta of 1.96. The business has a 50 day simple moving average of $14.85 and a two-hundred day simple moving average of $14.75. Sonos, Inc. has a 1-year low of $10.11 and a 1-year high of $19.82.
Hedge Funds Weigh In On Sonos
Large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its position in Sonos by 2.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,307,363 shares of the company’s stock worth $44,319,000 after buying an additional 90,997 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sonos by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 13,935,287 shares of the company’s stock worth $244,704,000 after buying an additional 204,934 shares during the period. BNP Paribas Financial Markets increased its position in Sonos by 46.2% during the fourth quarter. BNP Paribas Financial Markets now owns 951,810 shares of the company’s stock valued at $16,714,000 after acquiring an additional 300,735 shares during the last quarter. Crestwood Capital Management L.P. raised its stake in shares of Sonos by 54.5% in the fourth quarter. Crestwood Capital Management L.P. now owns 950,000 shares of the company’s stock valued at $16,682,000 after acquiring an additional 335,000 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in shares of Sonos by 190.3% in the third quarter. Tudor Investment Corp ET AL now owns 722,740 shares of the company’s stock valued at $11,419,000 after acquiring an additional 473,769 shares during the period. Institutional investors own 85.82% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on SONO
Trending Headlines about Sonos
Here are the key news stories impacting Sonos this week:
- Positive Sentiment: Sonos reported fiscal Q3 adjusted earnings of $0.27 per share, above the $0.24 consensus estimate. Revenue increased 8.8% year over year to $375.3 million, exceeding expectations of $365.7 million, supported by broad-based speaker demand, international growth and cost controls. Sonos Reports Third Quarter Fiscal 2026 Results
- Positive Sentiment: Fourth-quarter revenue guidance of $325 million to $355 million was above analyst expectations of approximately $305 million. Sonos also reiterated full-year revenue guidance of $1.5 billion to $1.6 billion, while its buyback program provides additional potential support for the stock. Sonos Q4 Revenue Outlook
- Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and $21 price target, implying substantial upside from recent trading levels. The target reflects confidence in Sonos’ longer-term growth prospects despite near-term cost concerns. Rosenblatt Rating Update
- Neutral Sentiment: Sonos is planning a September product event that could introduce new hardware or artificial-intelligence features. It may become a future catalyst, but the event has no immediate earnings impact. Sonos September Product Event
- Neutral Sentiment: Promotional pricing on the flagship Arc Ultra soundbar may support short-term product demand, although discounts can also limit average selling prices. Sonos Arc Ultra Deal
- Negative Sentiment: Despite the quarterly beat, Sonos shares reportedly fell sharply as investors reacted to rising memory costs. The expense pressure could reduce fourth-quarter margins and offset the favorable revenue guidance. Sonos Shares After Q3 Results
- Negative Sentiment: Director Julius Genachowski sold 19,855 shares for approximately $337,535 under a pre-arranged Rule 10b5-1 plan. Although scheduled in advance, the sale reduced his holdings by about 27% and may weigh modestly on sentiment.
About Sonos
Sonos, Inc is a consumer electronics company specializing in wireless home audio systems. The company’s core business revolves around designing, developing and manufacturing smart speakers and soundbars that deliver high-fidelity audio and seamless multi-room listening experiences. Sonos products connect via Wi-Fi or Bluetooth and integrate with popular streaming services, enabling users to control music and other audio content through a dedicated mobile app, voice assistants or traditional controls.
Sonos offers a diversified product lineup that includes compact speakers such as Sonos One and Sonos Roam, premium models like Sonos Five and Sonos Move, home theater solutions including Sonos Beam and Sonos Arc, as well as accessories such as the Sonos Sub and Sonos Amp.
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