Sonos, Inc. (NASDAQ:SONO) Shares Purchased by Quent Capital LLC

Quent Capital LLC increased its stake in shares of Sonos, Inc. (NASDAQ:SONO) by 400.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Quent Capital LLC’s holdings in Sonos were worth $369,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in Sonos during the 4th quarter worth $35,000. Covestor Ltd boosted its position in shares of Sonos by 376.7% during the 1st quarter. Covestor Ltd now owns 1,988 shares of the company’s stock worth $38,000 after acquiring an additional 1,571 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of Sonos during the 4th quarter worth about $112,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Sonos during the 4th quarter worth about $175,000. Finally, Virtu Financial LLC acquired a new position in shares of Sonos during the 4th quarter worth about $193,000. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sonos

In other news, insider Maxime Bouvat-Merlin sold 40,222 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $16.54, for a total value of $665,271.88. Following the completion of the sale, the insider now directly owns 24,650 shares of the company’s stock, valued at approximately $407,711. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christopher Scott Mason sold 20,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $15.44, for a total value of $308,800.00. Following the completion of the sale, the insider now directly owns 122,009 shares of the company’s stock, valued at approximately $1,883,818.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Maxime Bouvat-Merlin sold 40,222 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $16.54, for a total value of $665,271.88. Following the completion of the sale, the insider now directly owns 24,650 shares of the company’s stock, valued at $407,711. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,857 shares of company stock valued at $1,597,178. 3.30% of the stock is currently owned by corporate insiders.

Sonos Stock Performance

Shares of NASDAQ:SONO traded up $0.48 on Tuesday, hitting $12.45. 2,471,439 shares of the company’s stock were exchanged, compared to its average volume of 1,800,827. The firm’s 50-day moving average is $14.64 and its 200 day moving average is $16.66. The company has a market capitalization of $1.53 billion, a PE ratio of -34.89 and a beta of 1.98. Sonos, Inc. has a 1-year low of $9.78 and a 1-year high of $19.76.

Sonos (NASDAQ:SONO) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.08). The business had revenue of $252.66 million for the quarter, compared to analyst estimates of $246.48 million. Sonos had a negative return on equity of 0.44% and a negative net margin of 2.82%. On average, analysts anticipate that Sonos, Inc. will post 0.23 EPS for the current fiscal year.

Sonos Company Profile

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.