11,979 Shares in Sleep Number Co. (NASDAQ:SNBR) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Sleep Number Co. (NASDAQ:SNBR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,979 shares of the company’s stock, valued at approximately $183,000. Proficio Capital Partners LLC owned approximately 0.05% of Sleep Number as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. lifted its holdings in shares of Sleep Number by 146.6% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,010,920 shares of the company’s stock worth $18,520,000 after purchasing an additional 601,005 shares in the last quarter. Stadium Capital Management LLC lifted its stake in shares of Sleep Number by 8.8% in the third quarter. Stadium Capital Management LLC now owns 2,008,367 shares of the company’s stock valued at $36,793,000 after buying an additional 162,164 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sleep Number by 1,071.9% during the third quarter. JPMorgan Chase & Co. now owns 114,229 shares of the company’s stock valued at $2,093,000 after buying an additional 104,482 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of Sleep Number by 150.7% during the third quarter. Maverick Capital Ltd. now owns 50,477 shares of the company’s stock valued at $925,000 after buying an additional 30,341 shares during the last quarter. Finally, RBF Capital LLC bought a new stake in shares of Sleep Number during the third quarter worth about $458,000. Institutional investors and hedge funds own 85.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sleep Number Stock Performance

Sleep Number stock opened at $6.73 on Friday. Sleep Number Co. has a fifty-two week low of $6.00 and a fifty-two week high of $20.75. The firm’s 50-day simple moving average is $13.42 and its 200 day simple moving average is $14.95. The stock has a market cap of $150.68 million, a PE ratio of -3.72 and a beta of 2.14.

Insiders Place Their Bets

In other Sleep Number news, insider Gary T. Fazio purchased 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $7.54 per share, with a total value of $90,480.00. Following the completion of the transaction, the insider now owns 71,125 shares of the company’s stock, valued at $536,282.50. The trade was a 20.30 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.

About Sleep Number

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.