PDT Partners LLC increased its holdings in Sonos, Inc. (NASDAQ:SONO – Get Rating) by 54.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 191,229 shares of the company's stock after buying an additional 67,094 shares during the period. Sonos comprises approximately 0.5% of PDT Partners LLC's holdings, making the stock its 24th biggest position. PDT Partners LLC's holdings in Sonos were worth $5,396,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SONO. Advisor Group Holdings Inc. boosted its stake in Sonos by 6.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 17,684 shares of the company's stock valued at $526,000 after purchasing an additional 1,060 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Sonos by 23.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 42,893 shares of the company's stock worth $1,278,000 after purchasing an additional 8,111 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sonos by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,022,863 shares of the company's stock worth $30,482,000 after purchasing an additional 40,660 shares in the last quarter. AlphaCrest Capital Management LLC raised its holdings in shares of Sonos by 48.8% in the 4th quarter. AlphaCrest Capital Management LLC now owns 15,222 shares of the company's stock worth $454,000 after purchasing an additional 4,995 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Sonos by 22.7% in the 4th quarter. BNP Paribas Arbitrage SA now owns 115,040 shares of the company's stock worth $3,428,000 after purchasing an additional 21,245 shares in the last quarter. 90.91% of the stock is owned by institutional investors and hedge funds.
Get Sonos alerts:Sonos Stock Up 1.7 %
NASDAQ:SONO traded up $0.27 during mid-day trading on Friday, reaching $16.03. 2,740,883 shares of the company were exchanged, compared to its average volume of 3,095,690. The stock has a market cap of $2.04 billion, a PE ratio of 18.64, a PEG ratio of 3.13 and a beta of 2.00. Sonos, Inc. has a 12 month low of $14.52 and a 12 month high of $38.77. The company has a fifty day moving average of $18.59 and a 200 day moving average of $21.84.
Insider Activity at Sonos
In other Sonos news, insider Matthew O. Siegel sold 202,945 shares of the firm's stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $19.25, for a total transaction of $3,906,691.25. Following the sale, the insider now directly owns 68,339 shares in the company, valued at approximately $1,315,525.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Sonos news, CEO Patrick Spence sold 65,237 shares of Sonos stock in a transaction on Friday, July 15th. The shares were sold at an average price of $18.96, for a total transaction of $1,236,893.52. Following the completion of the transaction, the chief executive officer now directly owns 727,690 shares of the company's stock, valued at $13,797,002.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Matthew O. Siegel sold 202,945 shares of Sonos stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $19.25, for a total transaction of $3,906,691.25. Following the transaction, the insider now directly owns 68,339 shares of the company's stock, valued at $1,315,525.75. The disclosure for this sale can be found here. Insiders have sold 269,992 shares of company stock worth $5,181,387 in the last ninety days. Company insiders own 3.60% of the company's stock.Analyst Ratings Changes
SONO has been the topic of a number of research reports. DA Davidson dropped their target price on shares of Sonos to $29.00 in a report on Monday, August 15th. Morgan Stanley dropped their target price on shares of Sonos from $28.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, August 11th. Jefferies Financial Group cut their price target on shares of Sonos from $45.00 to $35.00 in a report on Tuesday, May 31st. Finally, Stifel Nicolaus lowered their price objective on shares of Sonos from $24.00 to $20.00 and set a "hold" rating on the stock in a research report on Thursday, August 11th.
Sonos Profile
(Get Rating)
Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It 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 sonos.com.
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