Sleep Number Co. (NASDAQ:SNBR) Stock Holdings Lessened by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its holdings in Sleep Number Co. (NASDAQ:SNBR) by 52.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 29,791 shares of the company’s stock after selling 32,916 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Sleep Number were worth $546,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Sleep Number by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,122 shares of the company’s stock worth $323,000 after acquiring an additional 1,052 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Sleep Number by 4.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,694 shares of the company’s stock worth $246,000 after acquiring an additional 1,071 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Sleep Number by 7.7% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 968,810 shares of the company’s stock worth $9,272,000 after acquiring an additional 69,133 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Sleep Number by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 85,776 shares of the company’s stock worth $821,000 after acquiring an additional 5,550 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Sleep Number by 9.8% in the 2nd quarter. Rhumbline Advisers now owns 37,659 shares of the company’s stock worth $360,000 after acquiring an additional 3,350 shares during the period. 85.67% of the stock is currently owned by institutional investors.

Insider Transactions at Sleep Number

In other Sleep Number news, major shareholder Stadium Capital Management Llc acquired 36,097 shares of the stock in a transaction dated Monday, November 4th. The shares were bought at an average price of $13.09 per share, with a total value of $472,509.73. Following the purchase, the insider now directly owns 2,054,802 shares of the company’s stock, valued at approximately $26,897,358.18. This trade represents a 1.79 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 169,373 shares of company stock valued at $2,305,052 in the last quarter. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Sleep Number from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com raised shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th.

Sleep Number Trading Down 1.1 %

Sleep Number stock opened at $15.00 on Friday. The stock has a market cap of $335.55 million, a price-to-earnings ratio of -8.29 and a beta of 2.08. The company’s 50-day moving average price is $14.86 and its two-hundred day moving average price is $13.60. Sleep Number Co. has a 52 week low of $8.13 and a 52 week high of $20.75.

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.