11,979 Shares in Sleep Number Co. (NASDAQ:SNBR) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Sleep Number Co. (NASDAQ:SNBR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,979 shares of the company’s stock, valued at approximately $183,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Sleep Number by 28.8% in 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 during the last quarter. PDT Partners LLC bought a new stake in shares of Sleep Number in the third quarter valued at $241,000. Olympiad Research LP bought a new stake in shares of Sleep Number in the fourth quarter valued at $221,000. Y Intercept Hong Kong Ltd bought a new position in shares of Sleep Number during the 3rd quarter worth $296,000. Finally, FMR LLC increased its holdings in Sleep Number by 1,764.3% in the 3rd quarter. FMR LLC now owns 21,216 shares of the company’s stock worth $389,000 after acquiring an additional 20,078 shares during the last quarter. 85.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sleep Number

In other Sleep Number news, insider Gary T. Fazio acquired 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $7.54 per share, with a total value of $90,480.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SNBR has been the topic of several recent research reports. StockNews.com raised shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Piper Sandler dropped their price target 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. Finally, Wedbush reduced their price objective on shares of Sleep Number from $18.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th.

Sleep Number Stock Up 8.9 %

SNBR stock opened at $6.73 on Friday. Sleep Number Co. has a twelve month low of $6.00 and a twelve month high of $20.75. The firm has a market capitalization of $150.68 million, a PE ratio of -3.72 and a beta of 2.14. The stock has a 50-day simple moving average of $13.42 and a two-hundred day simple moving average of $14.95.

Sleep Number Company 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.