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Coliseum Capital, a ten-percent owner of Sonos Inc (NASDAQ:SONO), has made significant purchases of the company’s stock, according to a Form 4 filing. The insider buying comes as Sonos shares have declined over 30% in the past six months, with the stock currently trading at $10.34. Between June 20 and June 24, 2025, Coliseum Capital bought 423,428 shares of Sonos stock in a series of transactions.
The purchases were executed at prices ranging from $9.89 to $10.34, totaling approximately $4,245,197. Specifically, on June 20, Coliseum acquired 238,000 shares at a weighted average price of $9.92. On June 23, the firm purchased 73,530 shares at a weighted average price of $9.89. The buying spree concluded on June 24 with the acquisition of 111,898 shares at a weighted average price of $10.34. According to InvestingPro data, the company holds more cash than debt on its balance sheet, and management has been actively buying back shares.
Following these transactions, Coliseum Capital’s total holdings in Sonos Inc. amount to 13,193,104 shares. The shares are held by Coliseum Capital Partners, L.P. ("CCP"), a separate account investment advisory client of CCM (the "Separate Account"). Christopher S. Shackelton and Adam Gray are managers of and have an ownership interest in each of CCM and CC. While Sonos isn’t currently profitable, InvestingPro analysis indicates the company is expected to return to profitability this year. Get deeper insights into insider trading patterns and 12+ additional ProTips with an InvestingPro subscription.
In other recent news, Sonos Inc. reported its financial results for the second quarter of 2025, surpassing earnings expectations. The company posted an earnings per share (EPS) of -$0.18, exceeding the forecasted -$0.36, while revenue reached $260 million, slightly above the anticipated $253.52 million. Sonos also launched new products, including the ARC Ultra soundbar and ACE headphones, and is undergoing operational reorganization and cost-cutting measures. In terms of future outlook, Sonos projects Q3 2025 revenue to be between $310 million and $340 million, indicating a potential sequential growth of 19-31%. Additionally, strategic initiatives are underway to optimize cost structures and enhance software capabilities. The company continues to face challenges such as supply chain disruptions and macroeconomic factors, but is actively managing these risks. Meanwhile, Sonos is engaged in ongoing intellectual property litigation against Google (NASDAQ:GOOGL).
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