Sonos (NASDAQ:SONO) Director Julius Genachowski Sells 19,855 Shares

Sonos, Inc. (NASDAQ:SONO) 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 transaction of $337,535.00. Following the sale, the director directly owned 53,775 shares in the company, valued at $914,175. The trade was a 26.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sonos Stock Performance

SONO stock opened at $14.43 on Friday. The firm has a 50 day moving average price of $14.86 and a 200-day moving average price of $14.75. Sonos, Inc. has a 52-week low of $10.11 and a 52-week high of $19.82. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 32.07 and a beta of 1.96.

Hedge Funds Weigh In On Sonos

A number of hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. bought a new position in Sonos during the 1st quarter valued at about $4,866,000. Ritter Alpha LP bought a new stake in shares of Sonos in the first quarter worth approximately $146,000. Bank of America Corp DE grew its stake in shares of Sonos by 43.7% in the first quarter. Bank of America Corp DE now owns 1,187,427 shares of the company’s stock worth $15,912,000 after acquiring an additional 360,874 shares during the period. Amundi raised its holdings in shares of Sonos by 55.4% during the first quarter. Amundi now owns 34,704 shares of the company’s stock valued at $465,000 after purchasing an additional 12,369 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in Sonos by 29.9% during the first quarter. California State Teachers Retirement System now owns 136,940 shares of the company’s stock valued at $1,835,000 after purchasing an additional 31,557 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Sonos News Roundup

Here are the key news stories impacting Sonos this week:

• Positive Sentiment: Sonos reported fiscal Q3 adjusted earnings of $0.27 per share, exceeding estimates of $0.24, while revenue rose 8.8% year over year to $375.3 million, above the $365.7 million consensus. Broad-based speaker demand, international growth and cost controls supported sales and adjusted EBITDA. Sonos Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Management forecast fourth-quarter revenue of $325 million to $355 million, above the roughly $305 million analyst consensus. Full-year revenue guidance of $1.5 billion to $1.6 billion was broadly in line with expectations. Sonos Q4 Revenue Outlook
• Positive Sentiment: The company is pursuing capital-return measures, including share buybacks, and has appointed Chris Shackelton to its board. Rosenblatt Securities reaffirmed its Buy rating with a $21 price target, signaling continued confidence in Sonos’ long-term potential. Sonos Board Appointment
• Neutral Sentiment: Sonos plans to hold a product event in September, potentially providing details on new products or artificial-intelligence features. The event is a future catalyst but offers no immediate financial impact. Sonos September Product Event
• Negative Sentiment: Management cited rising memory costs as a headwind for the fourth quarter, raising concerns about future margins despite the revenue outlook.
• Negative Sentiment: Director Julius Genachowski sold 19,855 shares under a pre-arranged Rule 10b5-1 plan. Although the sale was scheduled in advance, it reduced his ownership by approximately 27% and can weigh on investor sentiment.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SONO shares. Rosenblatt Securities reiterated a “buy” rating and issued a $21.00 price target on shares of Sonos in a research note on Thursday. Zacks Research cut shares of Sonos from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of Sonos from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut Sonos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.00.

Sonos Company Profile

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.