State Street Corp Boosts Position in Sonder Holdings Inc. (NASDAQ:SOND)

State Street Corp boosted its holdings in shares of Sonder Holdings Inc. (NASDAQ:SOND) by 28.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,019 shares of the company’s stock after buying an additional 8,000 shares during the quarter. State Street Corp owned 0.33% of Sonder worth $169,000 at the end of the most recent reporting period.

Separately, Polar Asset Management Partners Inc. purchased a new position in Sonder during the 3rd quarter worth approximately $6,786,000. 45.94% of the stock is owned by hedge funds and other institutional investors.

Sonder Trading Up 9.9 %

SOND opened at $3.90 on Friday. Sonder Holdings Inc. has a 12-month low of $0.88 and a 12-month high of $10.50. The firm has a market capitalization of $43.13 million, a PE ratio of -0.24 and a beta of 1.74. The firm has a 50 day moving average of $3.40 and a two-hundred day moving average of $3.99.

Sonder (NASDAQ:SOND) last posted its quarterly 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.

About Sonder

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.