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A group of entities and individuals collectively identified as 10% owners of Sonos Inc (NASDAQ:SONO), including Coliseum Capital Management, LLC, Christopher S. Shackelton, Coliseum Capital, LLC, Coliseum Capital Partners (WA:CPAP), L.P., and Adam Gray, have recently purchased a significant amount of the company’s stock. According to a Form 4 filing with the Securities and Exchange Commission, the group acquired shares of Sonos common stock in a series of transactions totaling $14.8 million. The timing is notable as InvestingPro data shows the company maintains strong liquidity with a current ratio of 1.56, while analysts expect a return to profitability this year.
The purchases occurred between July 25 and July 29, 2025. The group bought 287,087 shares on July 25 at prices ranging from $10.97 to $11.25, 350,000 shares on July 28 at prices between $11.24 and $11.49, and 675,000 shares on July 29 at prices ranging from $11.04 to $11.35. The price per share for these purchases ranged from $11.18 to $11.43. With a beta of 2.04, Sonos stock has shown significant volatility, making timing crucial for investors.
Following these transactions, the group now owns a total of 14,505,191 shares of Sonos Inc. InvestingPro analysis reveals 12 additional key insights about Sonos’s financial health and market position, available in the comprehensive Pro Research Report, helping investors make more informed decisions about this $1.36 billion market cap company.
In other recent news, Sonos Inc. reported its financial results for the second quarter of 2025, exceeding earnings expectations. The company posted an earnings per share (EPS) of -$0.18, surpassing the forecasted -$0.36. Revenue for the quarter reached $260 million, slightly above the anticipated $253.52 million. In addition to these financial updates, Sonos announced the appointment of Tom Conrad as Chief Executive Officer. Conrad has been serving as the Interim CEO for the past six months and has been a member of the Sonos Board of Directors since 2017. These developments mark significant progress for Sonos as it continues to navigate the competitive audio technology market.
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