Sleep Number Co. (NASDAQ:SNBR) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. lifted its stake in Sleep Number Co. (NASDAQ:SNBR) by 41.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,559 shares of the company’s stock after purchasing an additional 4,892 shares during the quarter. Fox Run Management L.L.C. owned about 0.07% of Sleep Number worth $252,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Sleep Number by 1,764.3% in the third quarter. FMR LLC now owns 21,216 shares of the company’s stock worth $389,000 after buying an additional 20,078 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Sleep Number by 32.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 90,170 shares of the company’s stock valued at $1,652,000 after acquiring an additional 22,022 shares during the period. PDT Partners LLC purchased a new position in Sleep Number in the 3rd quarter worth $241,000. Maverick Capital Ltd. lifted its position in Sleep Number by 150.7% during the 3rd quarter. Maverick Capital Ltd. now owns 50,477 shares of the company’s stock worth $925,000 after acquiring an additional 30,341 shares during the period. Finally, RBF Capital LLC purchased a new stake in Sleep Number during the 3rd quarter valued at about $458,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sleep Number

In other Sleep Number news, insider Gary T. Fazio bought 12,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were acquired 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 $536,282.50. This trade represents a 20.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Sleep Number Stock Performance

SNBR 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 company has a fifty day moving average of $13.42 and a two-hundred day moving average of $14.95. The stock has a market capitalization of $150.68 million, a price-to-earnings ratio of -3.72 and a beta of 2.14.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wedbush reduced 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. 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 cut their price objective on shares of Sleep Number from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th.

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.