Sonder (NASDAQ:SOND) Trading Up 20.8%

Sonder Holdings Inc. (NASDAQ:SOND) was up 20.8% on Friday . The company traded as high as $5.89 and last traded at $5.74. Approximately 205,827 shares traded hands during trading, an increase of 209% from the average daily volume of 66,652 shares. The stock had previously closed at $4.75.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “neutral” rating on shares of Sonder in a research report on Wednesday, December 20th.

Sonder Trading Up 20.8 %

The firm has a market capitalization of $63.48 million, a P/E ratio of -0.25 and a beta of 1.58. The stock has a 50-day simple moving average of $3.90 and a two-hundred day simple moving average of $4.63.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SOND. Greylock 15 GP LLC bought a new position in shares of Sonder in the 1st quarter worth $36,507,000. BlackRock Inc. raised its position in shares of Sonder by 225.1% in the 3rd quarter. BlackRock Inc. now owns 9,558,430 shares of the company’s stock worth $15,867,000 after acquiring an additional 6,618,632 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Sonder by 286.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,607,491 shares of the company’s stock worth $14,288,000 after acquiring an additional 6,377,927 shares in the last quarter. State Street Corp increased its position in Sonder by 165.0% during the 3rd quarter. State Street Corp now owns 2,601,294 shares of the company’s stock valued at $4,318,000 after buying an additional 1,619,725 shares in the last quarter. Finally, Millennium Management LLC increased its position in Sonder by 172.5% during the 2nd quarter. Millennium Management LLC now owns 917,495 shares of the company’s stock valued at $954,000 after buying an additional 580,813 shares in the last quarter. 45.94% of the stock is owned by institutional investors.

Sonder Company 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.