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Major Sonos Inc (NASDAQ:SONO) shareholders, including Coliseum Capital Management, Coliseum Capital Partners (WA:CPAP), Christopher S. Shackelton and Adam Gray, have collectively purchased 1,312,087 shares of Sonos stock. The purchases, executed between July 25 and July 29, 2025, amounted to $14,803,882. According to InvestingPro data, this insider buying comes as the stock trades below its Fair Value, with earnings results due in 7 days.
The shares were bought at prices ranging from $10.97 to $11.49. On July 25, 287,087 shares were purchased at an average price of $11.18. On July 28, 350,000 shares were bought at an average price of $11.43. On July 29, 675,000 shares were purchased at an average price of $11.25. With a beta of 2.04, Sonos stock has shown significant volatility, making timing crucial for investors.
Following these transactions, the reporting owners now hold 14,505,191 shares of Sonos Inc. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed research reports covering 1,400+ US stocks, including Sonos’s complete financial health metrics and valuation analysis.
In other recent news, Sonos Inc. reported its financial results for the second quarter of 2025, surpassing earnings expectations. The company posted an actual earnings per share (EPS) of -$0.18, which exceeded the forecasted -$0.36. Revenue also surpassed expectations, reaching $260 million compared to the anticipated $253.52 million. Additionally, Sonos announced the appointment of Tom Conrad as Chief Executive Officer, effective immediately. Conrad had been serving as Interim CEO for six months and has been a member of the Sonos Board of Directors since 2017. These developments mark significant changes for the audio technology company.
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