Jump Financial LLC Invests $830,000 in Sleep Number Co. (NASDAQ:SNBR)

Jump Financial LLC bought a new stake in Sleep Number Co. (NASDAQ:SNBR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 54,461 shares of the company's stock, valued at approximately $830,000. Jump Financial LLC owned about 0.24% of Sleep Number as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNBR. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in shares of Sleep Number by 1.1% in the 4th 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 lifted its position 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 acquiring an additional 1,664 shares during the last quarter. Summit Securities Group LLC acquired a new position in Sleep Number in the fourth quarter valued at $33,000. State Street Corp grew its holdings in shares of Sleep Number by 0.6% during the third quarter. State Street Corp now owns 440,547 shares of the company's stock worth $8,071,000 after purchasing an additional 2,472 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Sleep Number by 26.7% during the fourth quarter. Wells Fargo & Company MN now owns 13,063 shares of the company's stock worth $199,000 after purchasing an additional 2,756 shares in the last quarter. Hedge funds and other institutional investors own 85.67% of the company's stock.

Sleep Number Stock Up 6.7 %

NASDAQ:SNBR traded up $0.44 during midday trading on Friday, reaching $7.01. The stock had a trading volume of 636,636 shares, compared to its average volume of 499,765. The stock has a market cap of $158.85 million, a P/E ratio of -3.87 and a beta of 2.07. Sleep Number Co. has a 12-month low of $4.48 and a 12-month high of $20.75. The firm has a fifty day simple moving average of $8.14 and a two-hundred day simple moving average of $13.21.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SNBR. Wedbush lowered their target price on shares of Sleep Number from $18.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. StockNews.com upgraded shares of Sleep Number from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th. Finally, Piper Sandler reduced 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 Activity

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 shares were purchased at an average price of $7.54 per share, with a total value of $90,480.00. Following the completion of the acquisition, the insider now directly owns 71,125 shares of the company's stock, valued at approximately $536,282.50. The trade was a 20.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 6.80% of the company's stock.

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.