Jump Financial LLC Invests $830,000 in Sleep Number Co. (NASDAQ:SNBR)

Jump Financial LLC purchased a new stake in shares of Sleep Number Co. (NASDAQ:SNBR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,461 shares of the company's stock, valued at approximately $830,000. Jump Financial LLC owned 0.24% of Sleep Number at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new position in Sleep Number during the 4th quarter valued at about $33,000. GAMMA Investing LLC boosted its stake in shares of Sleep Number by 28.8% during the fourth quarter. GAMMA Investing LLC now owns 7,443 shares of the company's stock valued at $113,000 after purchasing an additional 1,664 shares in the last quarter. Diametric Capital LP purchased a new position in Sleep Number during the fourth quarter valued at approximately $160,000. Proficio Capital Partners LLC bought a new position in Sleep Number in the fourth quarter worth approximately $183,000. Finally, Wells Fargo & Company MN lifted its holdings in Sleep Number by 26.7% during the fourth quarter. Wells Fargo & Company MN now owns 13,063 shares of the company's stock worth $199,000 after buying an additional 2,756 shares during the period. 85.67% of the stock is currently owned by institutional investors.

Sleep Number Trading Up 6.7 %

Shares of SNBR traded up $0.44 during midday trading on Friday, hitting $7.01. 636,636 shares of the company's stock traded hands, compared to its average volume of 494,867. Sleep Number Co. has a 1 year low of $4.48 and a 1 year high of $20.75. The firm's fifty day moving average is $7.92 and its 200-day moving average is $13.12. The stock has a market capitalization of $158.85 million, a price-to-earnings ratio of -3.87 and a beta of 2.07.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wedbush cut their price target on Sleep Number from $18.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. StockNews.com upgraded shares of Sleep Number from a "hold" rating to a "buy" rating in a report on Thursday, January 9th. Finally, Piper Sandler lowered their price target on shares of Sleep Number from $11.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, April 11th.

Insider Buying and Selling at Sleep Number

In related news, insider Gary T. Fazio acquired 12,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $7.54 per share, with a total value of $90,480.00. Following the completion of the acquisition, the insider now directly owns 71,125 shares of the company's stock, valued at $536,282.50. This represents a 20.30 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is currently owned by company insiders.

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.