Sleep Number Co. (NASDAQ:SNBR - Get Free Report) insider Gary T. Fazio purchased 12,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $7.54 per share, with a total value of $90,480.00. Following the purchase, the insider now directly owns 71,125 shares of the company's stock, valued at approximately $536,282.50. This represents a 20.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Sleep Number Stock Performance
Shares of NASDAQ SNBR opened at $6.21 on Friday. The company has a market capitalization of $139.04 million, a PE ratio of -3.43 and a beta of 2.14. The company's fifty day moving average price is $15.14 and its 200 day moving average price is $15.50. Sleep Number Co. has a 1 year low of $6.00 and a 1 year high of $20.75.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SNBR. Stadium Capital Management LLC lifted its stake in shares of Sleep Number by 30.3% in the fourth quarter. Stadium Capital Management LLC now owns 2,616,459 shares of the company's stock worth $39,875,000 after buying an additional 608,092 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sleep Number by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,254,866 shares of the company's stock worth $19,124,000 after acquiring an additional 9,232 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of Sleep Number by 22.7% during the 4th quarter. Hodges Capital Management Inc. now owns 1,240,507 shares of the company's stock worth $18,905,000 after purchasing an additional 229,587 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its holdings in Sleep Number by 2.9% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 997,302 shares of the company's stock valued at $15,199,000 after purchasing an additional 28,492 shares during the last quarter. Finally, Brightlight Capital Management LP lifted its stake in Sleep Number by 12.3% during the fourth quarter. Brightlight Capital Management LP now owns 982,488 shares of the company's stock worth $14,973,000 after purchasing an additional 107,837 shares in the last quarter. Institutional investors and hedge funds own 85.67% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on SNBR shares. Piper Sandler reduced their price objective on shares of Sleep Number from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Wedbush decreased their price objective on Sleep Number from $18.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, StockNews.com upgraded Sleep Number from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th.
Read Our Latest Stock Analysis on Sleep Number
Sleep Number Company Profile
(
Get Free Report)
Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.
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