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AMZN   2,974.49 (-0.10%)
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QQQ   303.04 (-0.35%)
AAPL   119.58 (-0.46%)
MSFT   228.69 (+0.86%)
FB   260.04 (+0.93%)
GOOGL   2,066.34 (+1.59%)
TSLA   588.50 (-5.30%)
AMZN   2,974.49 (-0.10%)
NVDA   486.72 (-1.63%)
BABA   233.88 (+1.47%)
CGC   30.17 (-2.71%)
GE   13.72 (+1.11%)
MU   85.13 (+0.95%)
NIO   36.55 (-6.95%)
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FB   260.04 (+0.93%)
GOOGL   2,066.34 (+1.59%)
TSLA   588.50 (-5.30%)
AMZN   2,974.49 (-0.10%)
NVDA   486.72 (-1.63%)
BABA   233.88 (+1.47%)
CGC   30.17 (-2.71%)
GE   13.72 (+1.11%)
MU   85.13 (+0.95%)
NIO   36.55 (-6.95%)
AMD   77.22 (-0.68%)
T   29.55 (+2.18%)
F   12.08 (+1.26%)
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DIS   186.91 (-0.60%)
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NFLX   505.40 (-1.15%)
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Sleep Number Co. (NASDAQ:SNBR) Director Sells $636,890.54 in Stock

Monday, February 22, 2021 | MarketBeat

Sleep Number Co. (NASDAQ:SNBR) Director Michael J. Harrison sold 5,366 shares of the firm's stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $118.69, for a total value of $636,890.54.

SNBR stock traded up $4.75 during mid-day trading on Monday, reaching $126.68. 619,726 shares of the company traded hands, compared to its average volume of 432,248. The firm's 50 day moving average price is $103.42 and its 200 day moving average price is $71.29. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 34.64, a P/E/G ratio of 1.09 and a beta of 2.07. Sleep Number Co. has a fifty-two week low of $15.27 and a fifty-two week high of $135.50.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings results on Tuesday, February 16th. The company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.66. Sleep Number had a negative return on equity of 70.15% and a net margin of 5.89%. On average, equities analysts predict that Sleep Number Co. will post 4.11 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its stake in shares of Sleep Number by 70.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company's stock worth $626,000 after buying an additional 5,270 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Sleep Number by 10.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,255 shares of the company's stock valued at $453,000 after purchasing an additional 850 shares during the last quarter. LSV Asset Management raised its stake in shares of Sleep Number by 2.2% during the 3rd quarter. LSV Asset Management now owns 1,321,237 shares of the company's stock worth $64,621,000 after purchasing an additional 28,413 shares during the period. Alberta Investment Management Corp purchased a new position in shares of Sleep Number in the 3rd quarter worth about $284,000. Finally, KBC Group NV increased its holdings in Sleep Number by 6.7% during the third quarter. KBC Group NV now owns 4,213 shares of the company's stock worth $206,000 after buying an additional 266 shares during the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

SNBR has been the topic of several analyst reports. Bank of America cut Sleep Number from a "neutral" rating to an "underperform" rating and upped their target price for the company from $73.00 to $88.00 in a report on Thursday, February 4th. Wedbush upped their price target on shares of Sleep Number from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Thursday. Piper Sandler increased their price target on Sleep Number from $108.00 to $165.00 in a report on Thursday. UBS Group upgraded Sleep Number from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $65.00 to $135.00 in a report on Thursday. Finally, Stifel Nicolaus reissued a "buy" rating on shares of Sleep Number in a research note on Tuesday, January 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Sleep Number currently has a consensus rating of "Hold" and an average target price of $112.20.

About Sleep Number

Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding product under the Sleep Number name. It also offers adjustable bases under the FlextFit name; temperature-balancing products, including DualTemp layer; SleepIQ Kids k2 beds for kids; and smart beds under the Sleep Number 360 brand name.

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Insider Buying and Selling by Quarter for Sleep Number (NASDAQ:SNBR)

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7 Cloud Computing Stocks to Lift Your Portfolio to New Heights

Cloud computing sounds complicated, and it has become more sophisticated as it evolves. However, the basic idea behind the cloud is the same. The “cloud” is a euphemistic term for the delivery of different services via the internet. In its early days, the cloud was used exclusively for data storage. Here’s an easy example of why this was important.

Back when the internet was cutting its teeth, I worked in marketing communications. The need to comply with Total Quality Control Systems (TQCS) for our largest clients meant we had to save every version of our files. Every. Single. One. Now imagine that you’re producing a 120-page product catalog complete with photos and charts. Your hard drive is burning up just thinking about it. Yet that “data” had to be stored somewhere. And so we had a virtual server farm to try to warehouse all these graphic intensive (and memory sucking) files until we could archive them.

Other than the storage nightmare, consider that it was a pain to work remotely. You could copy a file from the server, but then were you working on the right file? I’m sure at least one person is reading this who remembers this pain.

The cloud takes that away. Cloud computing allows you to store files on a secure, remote server that everyone can access anywhere they have an internet connection. But it’s become so much more than that. Cloud computing now gives businesses a platform from which they can create applications and software. If that sounds confusing, I hope to simplify it in this presentation. To help you understand which cloud computing stocks, you may want to add to your portfolio, and we’ve created this special presentation. These are seven of the cloud computing stocks that will continue to grow with the sector.

View the "7 Cloud Computing Stocks to Lift Your Portfolio to New Heights".

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