Sleep Number Co. (NASDAQ:SNBR) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Sleep Number Co. (NASDAQ:SNBR) by 98.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 226,144 shares of the company’s stock after acquiring an additional 111,915 shares during the quarter. JPMorgan Chase & Co. owned 1.01% of Sleep Number worth $3,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in shares of Sleep Number by 1.1% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 137,463 shares of the company’s stock valued at $2,095,000 after buying an additional 1,496 shares in the last quarter. GAMMA Investing LLC grew its stake in Sleep Number by 28.8% during the 4th quarter. GAMMA Investing LLC now owns 7,443 shares of the company’s stock valued at $113,000 after acquiring an additional 1,664 shares in the last quarter. State Street Corp increased its holdings in shares of Sleep Number by 0.6% in the 3rd quarter. State Street Corp now owns 440,547 shares of the company’s stock valued at $8,071,000 after purchasing an additional 2,472 shares during the period. Inspire Investing LLC lifted its position in shares of Sleep Number by 13.4% in the fourth quarter. Inspire Investing LLC now owns 25,917 shares of the company’s stock worth $395,000 after purchasing an additional 3,071 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Sleep Number by 9.1% during the fourth quarter. Rhumbline Advisers now owns 40,128 shares of the company’s stock worth $612,000 after purchasing an additional 3,342 shares during the period. Institutional investors own 85.67% of the company’s stock.

Insider Buying and Selling at Sleep Number

In related news, insider Gary T. Fazio acquired 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $7.54 per share, with a total value of $90,480.00. Following the purchase, the insider now owns 71,125 shares of the company’s stock, valued at approximately $536,282.50. The trade was a 20.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Piper Sandler dropped their price objective on shares of Sleep Number from $11.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Wedbush dropped their price target on shares of Sleep Number from $18.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Finally, StockNews.com raised Sleep Number from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th.

Sleep Number Stock Up 0.8 %

Shares of SNBR opened at $5.32 on Tuesday. The firm has a market cap of $119.11 million, a price-to-earnings ratio of -2.94 and a beta of 2.07. The company’s fifty day moving average is $8.85 and its 200-day moving average is $13.38. Sleep Number Co. has a 12 month low of $4.48 and a 12 month high of $20.75.

Sleep Number 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.