Sleep Number Co. (NASDAQ:SNBR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in Sleep Number Co. (NASDAQ:SNBR) by 13.2% in the fourth quarter, Holdings Channel reports. The fund owned 26,340 shares of the company’s stock after selling 4,000 shares during the quarter. Alliancebernstein L.P.’s holdings in Sleep Number were worth $401,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its stake in Sleep Number by 0.6% during the 3rd quarter. State Street Corp now owns 440,547 shares of the company’s stock worth $8,071,000 after buying an additional 2,472 shares during the period. Barclays PLC increased its position in shares of Sleep Number by 276.5% during the third quarter. Barclays PLC now owns 28,280 shares of the company’s stock worth $518,000 after acquiring an additional 20,769 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Sleep Number by 3.6% during the third quarter. Geode Capital Management LLC now owns 518,045 shares of the company’s stock worth $9,493,000 after acquiring an additional 18,182 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sleep Number by 1,071.9% in the third 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 in the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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. Institutional investors and hedge funds own 85.67% of the company’s stock.

Sleep Number Stock Up 8.6 %

Shares of Sleep Number stock opened at $5.28 on Monday. Sleep Number Co. has a fifty-two week low of $4.48 and a fifty-two week high of $20.75. The business has a 50-day moving average price of $9.08 and a 200 day moving average price of $13.47. The firm has a market cap of $118.21 million, a P/E ratio of -2.92 and a beta of 2.07.

Wall Street Analyst Weigh In

Several research firms have issued reports on SNBR. StockNews.com upgraded Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Wedbush dropped their price target 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. Finally, Piper Sandler cut 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

In related news, insider Gary T. Fazio acquired 12,000 shares of Sleep Number stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $7.54 per share, for a total transaction of $90,480.00. Following the transaction, the insider now directly owns 71,125 shares of the company’s stock, valued at $536,282.50. This trade represents a 20.30 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is 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.