Pacific Ridge Capital Partners LLC Buys 44,170 Shares of Sleep Number Co. (NASDAQ:SNBR)

Pacific Ridge Capital Partners LLC raised its holdings in Sleep Number Co. (NASDAQ:SNBR - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 442,412 shares of the company's stock after acquiring an additional 44,170 shares during the period. Sleep Number makes up 1.5% of Pacific Ridge Capital Partners LLC's investment portfolio, making the stock its 22nd largest position. Pacific Ridge Capital Partners LLC owned about 1.98% of Sleep Number worth $6,742,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC grew 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 worth $113,000 after acquiring an additional 1,664 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Sleep Number in the 4th quarter worth about $183,000. PDT Partners LLC bought a new position in shares of Sleep Number during the 3rd quarter valued at about $241,000. Olympiad Research LP purchased a new position in shares of Sleep Number during the 4th quarter valued at about $221,000. Finally, Semanteon Capital Management LP bought a new stake in Sleep Number in the 4th quarter worth approximately $245,000. Institutional investors own 85.67% of the company's stock.

Insider Buying and Selling at Sleep Number

In other Sleep Number news, insider Gary T. Fazio bought 12,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $7.54 per share, with a total value of $90,480.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.80% of the company's stock.

Sleep Number Stock Performance

Shares of NASDAQ SNBR traded down $0.39 during mid-day trading on Monday, hitting $6.05. The stock had a trading volume of 185,916 shares, compared to its average volume of 540,651. The business has a 50 day moving average price of $13.22 and a two-hundred day moving average price of $14.90. Sleep Number Co. has a 1 year low of $6.00 and a 1 year high of $20.75. The firm has a market cap of $135.45 million, a P/E ratio of -3.34 and a beta of 2.14.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wedbush lowered their price objective on shares of Sleep Number from $18.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. StockNews.com upgraded shares of Sleep Number from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th. Finally, Piper Sandler decreased their price objective on Sleep Number from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th.

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.