22,251 Shares in Sonos, Inc. (NASDAQ:SONO) Acquired by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC bought a new position in shares of Sonos, Inc. (NASDAQ:SONO – Get Rating) in the third quarter, HoldingsChannel reports. The firm bought 22,251 shares of the company’s stock, valued at approximately $309,000.

Other large investors have also bought and sold shares of the company. First Manhattan Co. bought a new stake in Sonos during the 1st quarter worth approximately $36,000. Performa Ltd US LLC increased its stake in Sonos by 100.0% during the 3rd quarter. Performa Ltd US LLC now owns 2,700 shares of the company’s stock worth $38,000 after purchasing an additional 1,350 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Sonos by 339.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,012 shares of the company’s stock worth $42,000 after purchasing an additional 2,327 shares in the last quarter. Covestor Ltd increased its stake in Sonos by 2,100.7% during the 1st quarter. Covestor Ltd now owns 3,125 shares of the company’s stock worth $88,000 after purchasing an additional 2,983 shares in the last quarter. Finally, Centaurus Financial Inc. increased its stake in Sonos by 23.4% during the 1st quarter. Centaurus Financial Inc. now owns 4,481 shares of the company’s stock worth $126,000 after purchasing an additional 849 shares in the last quarter. 85.64% of the stock is owned by institutional investors.

Insider Activity at Sonos

In related news, CFO Edward P. Lazarus sold 13,220 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $20.70, for a total value of $273,654.00. Following the completion of the transaction, the chief financial officer now directly owns 176,290 shares of the company’s stock, valued at $3,649,203. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Edward P. Lazarus sold 13,220 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $20.70, for a total value of $273,654.00. Following the completion of the transaction, the chief financial officer now directly owns 176,290 shares of the company’s stock, valued at $3,649,203. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joanna Coles sold 5,430 shares of the firm’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $20.55, for a total transaction of $111,586.50. Following the completion of the transaction, the director now directly owns 15,667 shares of the company’s stock, valued at $321,956.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,548 shares of company stock valued at $1,228,647. 3.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on SONO. DA Davidson decreased their price target on shares of Sonos to $26.00 in a research note on Thursday, December 1st. Morgan Stanley raised their price target on shares of Sonos from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 9th.

Sonos Stock Down 2.5 %

Shares of SONO opened at $19.14 on Friday. The stock has a market capitalization of $2.44 billion, a P/E ratio of 147.24, a P/E/G ratio of 14.25 and a beta of 1.86. Sonos, Inc. has a twelve month low of $13.65 and a twelve month high of $31.22. The company has a 50 day moving average of $19.00 and a 200-day moving average of $17.00.

Sonos Company Profile

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Sonos, Inc engages in the provision of multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts and audiobooks, with control from Android smartphones, iPhone or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A.