NBW Capital LLC Trims Position in Sonos, Inc. (NASDAQ:SONO)

NBW Capital LLC decreased its stake in shares of Sonos, Inc. (NASDAQ:SONO) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,189 shares of the company’s stock after selling 3,944 shares during the quarter. NBW Capital LLC owned approximately 0.12% of Sonos worth $2,920,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its position in Sonos by 4.6% during the 1st quarter. ProShare Advisors LLC now owns 24,973 shares of the company’s stock valued at $476,000 after acquiring an additional 1,092 shares in the last quarter. Sei Investments Co. grew its stake in Sonos by 0.4% in the first quarter. Sei Investments Co. now owns 315,913 shares of the company’s stock valued at $6,021,000 after purchasing an additional 1,354 shares during the last quarter. WNY Asset Management LLC raised its holdings in Sonos by 7.5% in the fourth quarter. WNY Asset Management LLC now owns 20,715 shares of the company’s stock worth $355,000 after purchasing an additional 1,450 shares in the last quarter. Covestor Ltd lifted its position in shares of Sonos by 376.7% during the first quarter. Covestor Ltd now owns 1,988 shares of the company’s stock valued at $38,000 after buying an additional 1,571 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Sonos in the 4th quarter valued at about $35,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sonos

In other news, insider Christopher Scott Mason sold 20,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $17.57, for a total value of $351,400.00. Following the sale, the insider now owns 122,009 shares in the company, valued at $2,143,698.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Christopher Scott Mason sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $17.57, for a total value of $351,400.00. Following the sale, the insider now owns 122,009 shares in the company, valued at $2,143,698.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Maxime Bouvat-Merlin sold 40,222 shares of the business’s stock in a transaction that occurred on 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 transaction, 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. Insiders have sold a total of 99,762 shares of company stock worth $1,612,771 over the last quarter. Insiders own 3.30% of the company’s stock.

Sonos Stock Performance

NASDAQ:SONO traded down $0.55 during mid-day trading on Friday, hitting $12.54. 2,843,921 shares of the company’s stock traded hands, compared to its average volume of 1,654,422. The company has a market capitalization of $1.54 billion, a P/E ratio of -35.83 and a beta of 1.98. The company has a fifty day moving average of $14.73 and a 200 day moving average of $16.67. Sonos, Inc. has a twelve month low of $9.78 and a twelve month high of $19.76.

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

Sonos 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.