Sonos (NASDAQ:SONO) Shares Sold 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 Price Performance

Shares of SONO stock traded up $0.11 during trading on Thursday, reaching $7.81. The company’s stock had a trading volume of 309,731 shares, compared to its average volume of 1,912,770. Sonos, Inc. has a 1-year low of $7.63 and a 1-year high of $18.02. The stock’s 50-day moving average price is $11.32 and its 200 day moving average price is $12.89. The company has a market capitalization of $929.44 million, a price-to-earnings ratio of -13.70 and a beta of 2.01.

Sonos (NASDAQ:SONO) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.40 earnings per share (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, sell-side analysts anticipate that Sonos, Inc. will post -0.37 EPS for the current fiscal year.

Sonos declared that its board has approved 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 buy up to 10.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other Sonos news, major shareholder Coliseum Capital Management, L purchased 62,506 shares of Sonos stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average price of $8.38 per share, for a total transaction of $523,800.28. Following the transaction, the insider now directly owns 12,118,088 shares in the company, valued at $101,549,577.44. This trade represents a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered their price objective on Sonos from $19.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Rosenblatt Securities reissued a “buy” rating and issued a $18.00 price objective on shares of Sonos in a research report on Friday, February 7th.

Hedge Funds Weigh In On Sonos

Several hedge funds have recently added to or reduced their stakes in SONO. Coliseum Capital Management LLC boosted its holdings in shares of Sonos by 50.3% in the 4th quarter. Coliseum Capital Management LLC now owns 10,734,013 shares of the company’s stock valued at $161,440,000 after buying an additional 3,590,782 shares in the last quarter. Wellington Management Group LLP lifted its position in Sonos by 10.6% in the fourth quarter. Wellington Management Group LLP now owns 3,654,074 shares of the company’s stock valued at $54,957,000 after acquiring an additional 351,057 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Sonos by 14.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,187,522 shares of the company’s stock valued at $47,940,000 after acquiring an additional 408,479 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Sonos by 0.7% during the fourth quarter. Schroder Investment Management Group now owns 3,025,290 shares of the company’s stock worth $45,591,000 after purchasing an additional 21,126 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Sonos by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,687,007 shares of the company’s stock worth $40,413,000 after purchasing an additional 148,608 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.