Lazarus Edward P, an insider at Sonos Inc (SONO), sold 423,219 shares of the company's stock at a price of $19.00 per share, resulting in a total transaction value of $8.04 million. Following this sale, he retains 423,219 shares in the company.
Sonos, headquartered in Santa Barbara, California, specializes in multi-room wireless audio products and employs 1,708 full-time staff. The company, which went public on August 2, 2018, offers a range of products including wireless speakers, headphones, and home theater components. Its proprietary software facilitates streaming from various sources over wireless networks and Bluetooth, with products sold through both physical retailers and its website, sonos.com.
The market cap for Sonos Inc currently stands at $2.3 billion, with a trailing twelve-month earnings per share (EPS) of -0.52. Upcoming earnings are scheduled for May 5, 2026, with an EPS estimate of -0.34 and revenue expected to reach $275.9 million.
Insider transactions are reported to the SEC, providing insights into the actions of company executives. However, such sales can occur for various reasons, including diversification and personal financial needs, and should not be viewed as definitive indicators of the company's performance. Investors are advised to consider broader patterns of insider activity rather than isolated transactions when evaluating market signals.