39,518 Shares in Sleep Number Co. (NASDAQ:SNBR) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in Sleep Number Co. (NASDAQ:SNBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 39,518 shares of the company's stock, valued at approximately $602,000. Susquehanna Fundamental Investments LLC owned about 0.18% of Sleep Number as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Sleep Number by 276.5% during the 3rd quarter. Barclays PLC now owns 28,280 shares of the company's stock worth $518,000 after purchasing an additional 20,769 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sleep Number by 1,071.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 114,229 shares of the company's stock worth $2,093,000 after acquiring an additional 104,482 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Sleep Number by 28.8% in the fourth quarter. GAMMA Investing LLC now owns 7,443 shares of the company's stock worth $113,000 after acquiring an additional 1,664 shares during the period. Inspire Investing LLC boosted its holdings in shares of Sleep Number by 13.4% during the 4th quarter. Inspire Investing LLC now owns 25,917 shares of the company's stock worth $395,000 after buying an additional 3,071 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in Sleep Number by 22.7% in the fourth quarter. Hodges Capital Management Inc. now owns 1,240,507 shares of the company's stock worth $18,905,000 after acquiring an additional 229,587 shares in the last quarter. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Sleep Number Trading Up 4.6 %

Shares of NASDAQ:SNBR traded up $0.35 during mid-day trading on Friday, reaching $7.98. The stock had a trading volume of 465,264 shares, compared to its average volume of 516,031. The business's 50 day moving average price is $6.64 and its 200 day moving average price is $12.66. Sleep Number Co. has a 1 year low of $4.48 and a 1 year high of $20.75. The company has a market cap of $180.83 million, a P/E ratio of -4.41 and a beta of 1.75.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on SNBR shares. Wedbush dropped their price objective 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. StockNews.com lowered shares of Sleep Number from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. UBS Group set a $7.00 target price on shares of Sleep Number in a report on Friday, April 25th. Finally, Piper Sandler dropped their target price on shares of Sleep Number from $11.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, April 11th.

Insider Buying and Selling

In other Sleep Number news, CFO Francis K. Lee bought 7,200 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average price of $7.12 per share, with a total value of $51,264.00. Following the completion of the acquisition, the chief financial officer now directly owns 92,970 shares of the company's stock, valued at $661,946.40. This represents a 8.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Linda Findley acquired 61,020 shares of Sleep Number stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average price of $7.12 per share, for a total transaction of $434,462.40. Following the transaction, the chief executive officer now owns 604,106 shares of the company's stock, valued at $4,301,234.72. This represents a 11.24 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 80,220 shares of company stock valued at $576,206 over the last ninety days. Company 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.