Sleep Number Co. (NASDAQ:SNBR) Insider Buys $90,480.00 in Stock

Sleep Number Co. (NASDAQ:SNBR) insider Gary T. Fazio acquired 12,000 shares of the company’s stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $7.54 per share, with a total value of $90,480.00. Following the purchase, the insider now directly owns 71,125 shares in the company, valued at approximately $536,282.50. This represents a 20.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sleep Number Stock Performance

Shares of SNBR opened at $7.35 on Friday. Sleep Number Co. has a 52-week low of $6.00 and a 52-week high of $20.75. The firm has a market cap of $164.56 million, a price-to-earnings ratio of -4.06 and a beta of 2.14. The business’s fifty day moving average is $14.98 and its 200-day moving average is $15.45.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wedbush dropped their price target on shares of Sleep Number from $18.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. StockNews.com upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, Piper Sandler dropped their target price on shares of Sleep Number from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wealthfront Advisers LLC acquired a new position in Sleep Number during the 4th quarter worth approximately $14,861,000. Stadium Capital Management LLC lifted its stake in shares of Sleep Number by 30.3% in the 4th quarter. Stadium Capital Management LLC now owns 2,616,459 shares of the company’s stock valued at $39,875,000 after acquiring an additional 608,092 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Sleep Number by 146.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 1,010,920 shares of the company’s stock valued at $18,520,000 after acquiring an additional 601,005 shares in the last quarter. Formula Growth Ltd. grew its position in Sleep Number by 31.8% during the 4th quarter. Formula Growth Ltd. now owns 485,206 shares of the company’s stock worth $7,395,000 after acquiring an additional 117,055 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Sleep Number by 98.0% in the 4th quarter. JPMorgan Chase & Co. now owns 226,144 shares of the company’s stock worth $3,446,000 after purchasing an additional 111,915 shares in the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.

Sleep Number Company Profile

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.