Sonos (NASDAQ:SONO) Stock Unloaded Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently sold shares of Sonos, Inc. NASDAQ: SONO. In a filing disclosed on April 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Sonos stock on March 11th. The trade occurred in the Representative's "MERRILL LYNCH LONG TERM GROWTH" account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/19/2025.
• Purchased $1,001 - $15,000 in shares of The Cigna Group NYSE: CI on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/12/2025.
• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 3/12/2025.
• Sold $1,001 - $15,000 in shares of Webster Financial NYSE: WBS on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Teradyne NASDAQ: TER on 3/3/2025.
• Sold $1,001 - $15,000 in shares of Zoetis NYSE: ZTS on 3/3/2025.

Sonos Trading Up 1.9 %

Shares of Sonos stock traded up $0.16 during trading hours on Tuesday, reaching $8.23. 269,640 shares of the company's stock were exchanged, compared to its average volume of 1,923,931. The firm has a market capitalization of $979.46 million, a price-to-earnings ratio of -14.41 and a beta of 2.01. The company has a fifty day moving average of $11.00 and a 200-day moving average of $12.82. Sonos, Inc. has a 52-week low of $7.63 and a 52-week high of $18.02.

Sonos (NASDAQ:SONO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Sonos had a negative return on equity of 13.17% and a negative net margin of 4.73%. On average, equities research analysts anticipate that Sonos, Inc. will post -0.37 earnings per share for the current fiscal year.

Sonos declared that its Board of Directors has authorized a stock buyback plan on Monday, February 24th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, major shareholder Coliseum Capital Management, L acquired 62,506 shares of Sonos stock in a transaction on Monday, April 7th. The stock was bought at an average cost of $8.38 per share, with a total value of $523,800.28. Following the completion of the purchase, the insider now owns 12,118,088 shares of the company's stock, valued at $101,549,577.44. This represents a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on SONO shares. Jefferies Financial Group cut their price target on shares of Sonos from $19.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $18.00 price target on shares of Sonos in a report on Friday, February 7th.

Institutional Trading of Sonos

Institutional investors have recently made changes to their positions in the stock. NBW Capital LLC grew its holdings in Sonos by 42.6% during the fourth quarter. NBW Capital LLC now owns 256,134 shares of the company's stock worth $3,852,000 after acquiring an additional 76,454 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Sonos in the 4th quarter worth approximately $403,000. Barclays PLC raised its holdings in shares of Sonos by 120.3% in the 3rd quarter. Barclays PLC now owns 923,437 shares of the company's stock worth $11,350,000 after purchasing an additional 504,293 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Sonos by 7,557.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 156,049 shares of the company's stock valued at $2,347,000 after purchasing an additional 154,011 shares during the last quarter. Finally, Norges Bank bought a new stake in Sonos during the fourth quarter worth approximately $4,322,000. 85.82% of the stock is owned by institutional investors and hedge funds.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About Sonos

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.