Jane Street Group LLC Sells 47,511 Shares of Sleep Number Co. (NASDAQ:SNBR)

Jane Street Group LLC decreased its position in shares of Sleep Number Co. (NASDAQ:SNBR - Free Report) by 41.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,349 shares of the company's stock after selling 47,511 shares during the period. Jane Street Group LLC owned approximately 0.30% of Sleep Number worth $1,026,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SNBR. Summit Securities Group LLC bought a new position in Sleep Number during the 4th quarter worth $33,000. Tower Research Capital LLC TRC increased its position in Sleep Number by 6,582.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,551 shares of the company's stock worth $115,000 after buying an additional 7,438 shares during the period. Diametric Capital LP acquired a new stake in shares of Sleep Number during the 4th quarter worth $160,000. Proficio Capital Partners LLC acquired a new stake in shares of Sleep Number during the 4th quarter worth $183,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Sleep Number by 26.7% during the 4th quarter. Wells Fargo & Company MN now owns 13,063 shares of the company's stock worth $199,000 after purchasing an additional 2,756 shares in the last quarter. Institutional investors own 85.67% of the company's stock.

Wall Street Analysts Forecast Growth

SNBR has been the topic of several analyst reports. UBS Group set a $7.00 target price on Sleep Number in a report on Friday, April 25th. Wedbush cut their price target on Sleep Number from $18.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Wall Street Zen lowered Sleep Number from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Piper Sandler lowered their price objective on Sleep Number from $11.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, April 11th.

Insiders Place Their Bets

In other news, CFO Francis K. Lee acquired 7,200 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average price of $7.12 per share, for a total transaction of $51,264.00. Following the completion of the acquisition, the chief financial officer now directly owns 92,970 shares in the company, valued at $661,946.40. The trade was a 8.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gary T. Fazio acquired 12,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $7.54 per share, with a total value of $90,480.00. Following the acquisition, the insider now owns 71,125 shares of the company's stock, valued at approximately $536,282.50. This represents a 20.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 80,220 shares of company stock worth $576,206. 6.80% of the stock is owned by corporate insiders.

Sleep Number Stock Performance

Shares of SNBR traded down $0.25 during mid-day trading on Friday, reaching $9.21. 385,831 shares of the company were exchanged, compared to its average volume of 525,776. Sleep Number Co. has a 52 week low of $4.48 and a 52 week high of $20.75. The stock has a market capitalization of $208.70 million, a PE ratio of -5.09 and a beta of 1.75. The business has a 50 day simple moving average of $6.88 and a two-hundred day simple moving average of $12.28.

Sleep Number (NASDAQ:SNBR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.27). The business had revenue of $393.26 million during the quarter, compared to analyst estimates of $397.95 million. The business's quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.33) EPS. On average, analysts predict that Sleep Number Co. will post -0.42 EPS for the current year.

Sleep Number 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.