Sleep Number Corp (SNBR) SVP Joseph Hunter Saklad Sells 2,006 Shares

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Sleep Number Corp (NASDAQ:SNBR) SVP Joseph Hunter Saklad sold 2,006 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $38.37, for a total value of $76,970.22. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Joseph Hunter Saklad also recently made the following trade(s):

  • On Thursday, August 16th, Joseph Hunter Saklad sold 7,912 shares of Sleep Number stock. The shares were sold at an average price of $31.05, for a total value of $245,667.60.

NASDAQ SNBR traded down $0.59 during trading hours on Wednesday, hitting $38.70. The company had a trading volume of 17,527 shares, compared to its average volume of 835,055. Sleep Number Corp has a fifty-two week low of $26.22 and a fifty-two week high of $40.72. The firm has a market capitalization of $1.37 billion, a PE ratio of 25.87, a P/E/G ratio of 1.19 and a beta of 1.27.

Sleep Number (NASDAQ:SNBR) last issued its earnings results on Wednesday, October 24th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.19). Sleep Number had a return on equity of 490.11% and a net margin of 3.93%. The company had revenue of $438.78 million during the quarter, compared to analyst estimates of $410.90 million. On average, equities research analysts predict that Sleep Number Corp will post 1.77 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of SNBR. NumerixS Investment Technologies Inc acquired a new stake in Sleep Number in the second quarter worth $149,000. Itau Unibanco Holding S.A. acquired a new stake in Sleep Number in the second quarter worth $155,000. Cubist Systematic Strategies LLC acquired a new stake in Sleep Number in the second quarter worth $178,000. Riverhead Capital Management LLC grew its stake in shares of Sleep Number by 36.3% in the second quarter. Riverhead Capital Management LLC now owns 6,384 shares of the company’s stock worth $185,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Tyers Asset Management LLC grew its stake in shares of Sleep Number by 37.6% in the second quarter. Tyers Asset Management LLC now owns 6,972 shares of the company’s stock worth $202,000 after purchasing an additional 1,904 shares in the last quarter.

Several research firms recently issued reports on SNBR. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. BidaskClub raised Sleep Number from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Piper Jaffray Companies lowered Sleep Number from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 26th. TheStreet lowered Sleep Number from a “b-” rating to a “c” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research raised Sleep Number from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.25.

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About Sleep Number

Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.

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

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