Stadium Capital Management Llc Purchases 36,097 Shares of Sleep Number Co. (NASDAQ:SNBR) Stock

Sleep Number Co. (NASDAQ:SNBR - Get Free Report) major shareholder Stadium Capital Management Llc purchased 36,097 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average cost of $13.09 per share, with a total value of $472,509.73. Following the acquisition, the insider now owns 2,054,802 shares in the company, valued at $26,897,358.18. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Stadium Capital Management Llc also recently made the following trade(s):

• On Thursday, October 31st, Stadium Capital Management Llc bought 59,011 shares of Sleep Number stock. The stock was acquired at an average price of $13.83 per share, for a total transaction of $816,122.13.

Sleep Number Trading Up 3.1 %

SNBR stock traded up $0.39 during mid-day trading on Monday, reaching $13.10. 440,439 shares of the stock traded hands, compared to its average volume of 513,203. The stock's fifty day moving average is $15.65 and its 200-day moving average is $13.62. The company has a market cap of $292.79 million, a P/E ratio of -7.24 and a beta of 2.08. Sleep Number Co. has a 52-week low of $8.13 and a 52-week high of $20.75.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNBR. Piper Sandler dropped their target price on Sleep Number from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday. StockNews.com upgraded shares of Sleep Number from a "hold" rating to a "buy" rating in a research report on Friday.

Institutional Trading of Sleep Number

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Sleep Number during the second quarter worth approximately $43,000. GAMMA Investing LLC raised its holdings in shares of Sleep Number by 15.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,779 shares of the company's stock worth $106,000 after buying an additional 784 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Sleep Number during the second quarter worth about $128,000. State Board of Administration of Florida Retirement System bought a new stake in Sleep Number during the first quarter valued at $149,000. Finally, Susquehanna Fundamental Investments LLC increased its holdings in shares of Sleep Number by 6.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 18,791 shares of the company's stock valued at $180,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 85.67% of the company's stock.

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.

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