Conrad Thomas, an insider at Sonos Inc (SONO), purchased 305,103 shares of the company on November 16, 2025, at a price of $16.17 per share, totaling approximately $4.93 million. Following this transaction, he holds the same number of shares in the company.
Sonos, headquartered in Santa Barbara, California, specializes in multi-room wireless audio products. The company, which went public on August 2, 2018, has a market capitalization of $2.0 billion and reported a trailing twelve-month EPS of -0.52. Its product lineup includes a range of wireless and home theater speakers, headphones, and accessories, sold through various retailers and its website.
The move underscores Thomas's confidence in Sonos’s future, as insider purchases can indicate positive sentiment about the company’s prospects. However, investors should consider these transactions as part of a broader analysis, looking at patterns of insider activity over time rather than isolated events.
Sonos is set to report its upcoming earnings on May 4, 2026, with an estimated EPS of -0.33 and revenue of $275.9 million, followed by another report on August 3, 2026, with an estimated EPS of $0.01 and revenue of $365.0 million.