Fmr LLC Purchases 20,078 Shares of Sleep Number Co. (NASDAQ:SNBR)

Fmr LLC raised its position in shares of Sleep Number Co. (NASDAQ:SNBR) by 1,764.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,216 shares of the company’s stock after acquiring an additional 20,078 shares during the period. Fmr LLC owned approximately 0.09% of Sleep Number worth $389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC acquired a new position in shares of Sleep Number during the 2nd quarter worth about $3,342,000. Millennium Management LLC lifted its holdings in shares of Sleep Number by 326.7% during the second quarter. Millennium Management LLC now owns 370,987 shares of the company’s stock worth $3,550,000 after buying an additional 284,052 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of Sleep Number by 138.5% in the second quarter. Hodges Capital Management Inc. now owns 409,915 shares of the company’s stock valued at $3,923,000 after acquiring an additional 238,015 shares during the period. Acadian Asset Management LLC boosted its position in shares of Sleep Number by 135.3% in the second quarter. Acadian Asset Management LLC now owns 235,305 shares of the company’s stock valued at $2,249,000 after acquiring an additional 135,284 shares during the period. Finally, Federated Hermes Inc. acquired a new stake in shares of Sleep Number in the second quarter worth $899,000. 85.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sleep Number news, major shareholder Stadium Capital Management Llc purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $12.12 per share, with a total value of $181,800.00. Following the completion of the transaction, the insider now directly owns 2,215,000 shares of the company’s stock, valued at approximately $26,845,800. This trade represents a 0.68 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 169,373 shares of company stock valued at $2,305,052 over the last ninety days. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNBR. Piper Sandler cut their target price on shares of Sleep Number from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. StockNews.com upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Monday.

Sleep Number Trading Down 6.7 %

Shares of NASDAQ:SNBR opened at $16.68 on Friday. The business’s 50 day moving average is $15.31 and its 200-day moving average is $13.96. The firm has a market capitalization of $373.15 million, a PE ratio of -9.22 and a beta of 2.08. Sleep Number Co. has a 1-year low of $8.13 and a 1-year high of $20.75.

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.