Mark A. Kimball Sells 8,000 Shares of Sleep Number Corp (SNBR) Stock

Sleep Number Corp (NASDAQ:SNBR) SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $37.26, for a total value of $298,080.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sleep Number Corp (NASDAQ:SNBR) traded down $1.84 during midday trading on Monday, reaching $34.74. The company’s stock had a trading volume of 691,042 shares, compared to its average volume of 512,181. The firm has a market capitalization of $1,456.58, a price-to-earnings ratio of 25.89, a P/E/G ratio of 0.96 and a beta of 0.74. Sleep Number Corp has a one year low of $19.06 and a one year high of $40.72.

Several brokerages recently commented on SNBR. ValuEngine upgraded Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday. Piper Jaffray Companies set a $38.00 price target on Sleep Number and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research cut Sleep Number from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, Bank of America set a $33.00 price target on Sleep Number and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Sleep Number currently has a consensus rating of “Hold” and an average target price of $32.43.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNBR. Disciplined Growth Investors Inc. MN acquired a new position in Sleep Number during the third quarter worth $114,107,000. Arrowstreet Capital Limited Partnership boosted its stake in Sleep Number by 856.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,065,008 shares of the company’s stock worth $37,797,000 after buying an additional 953,666 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Sleep Number during the fourth quarter worth $27,020,000. Mutual of America Capital Management LLC acquired a new position in Sleep Number during the fourth quarter worth $23,681,000. Finally, Dalton Greiner Hartman Maher & Co. acquired a new position in Sleep Number during the fourth quarter worth $22,295,000.

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Sleep Number Company Profile

Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.

Insider Buying and Selling by Quarter for Sleep Number (NASDAQ:SNBR)

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