On August 19, 2024, Maxime Bouvat-merlin, Chief Product Officer of Sonos Inc (NASDAQ:SONO), sold 37,256 shares of the company’s stock. Following this transaction, the insider now owns 0 shares of Sonos Inc. The shares were sold at a price of $11.53 per share, as per the SEC filing.
Sonos Inc. is a designer and manufacturer of audio products and home sound systems designed to enhance the listening experience at home. The company’s product line includes wireless speakers, home theater setups, and smart speakers with built-in voice control capabilities.
Over the past year, the insider has sold a total of 84,395 shares and made no purchases. This recent sale is part of a broader trend seen at Sonos Inc., where there were 20 insider sales and no insider purchases over the past year.
Sonos Inc. shares traded at $11.53 on the day of the sale, giving the company a market capitalization of approximately $1.38 billion. According to GF Value, the stock is significantly undervalued with a Price to GF Value ratio of 0.65, which suggests potential for price appreciation based on historical trading multiples, adjustments to past earnings and growth, and estimates of future business performance.
Valuation metrics for Sonos Inc. include a price-to-earnings ratio, a price-to-sales ratio, a price-to-book ratio, and a price-to-free cash flow ratio, all of which are considered in the GF Value calculation.
This insider sale could draw investors’ attention to the stock’s valuation and the ongoing insider selling trend at Sonos Inc.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
