Sonder Holdings Inc. (NASDAQ:SOND) Shares Purchased by State Street Corp

State Street Corp boosted its stake in Sonder Holdings Inc. (NASDAQ:SOND) by 28.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 36,019 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. State Street Corp’s holdings in Sonder were worth $169,000 as of its most recent filing with the SEC.

Separately, Polar Asset Management Partners Inc. acquired a new stake in Sonder in the 3rd quarter valued at $6,786,000. 45.94% of the stock is owned by institutional investors.

Sonder Stock Performance

Sonder stock opened at $3.90 on Friday. Sonder Holdings Inc. has a 1 year low of $0.88 and a 1 year high of $10.50. The company’s fifty day moving average price is $3.40 and its 200 day moving average price is $3.99. The stock has a market capitalization of $43.13 million, a P/E ratio of -0.24 and a beta of 1.74.

Sonder (NASDAQ:SOND) last announced its earnings results on Monday, November 4th. The company reported $2.94 earnings per share (EPS) for the quarter. The business had revenue of $164.60 million for the quarter.

Sonder Profile

Sonder Holdings Inc engages in the hospitality business. It operates and manages properties comprising 1-, 2-, and 3+ bedroom; and studio apartments, as well as 1-bedroom hotel rooms for leisure travelers and families, digital nomads, and business travelers in North America, Europe, and the Middle East.