Semanteon Capital Management LP Takes $245,000 Position in Sleep Number Co. (NASDAQ:SNBR)

Semanteon Capital Management LP purchased a new stake in Sleep Number Co. (NASDAQ:SNBR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,051 shares of the company’s stock, valued at approximately $245,000. Semanteon Capital Management LP owned approximately 0.07% of Sleep Number as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Stadium Capital Management LLC raised its holdings in shares of Sleep Number by 8.8% in the 3rd quarter. Stadium Capital Management LLC now owns 2,008,367 shares of the company’s stock valued at $36,793,000 after purchasing an additional 162,164 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Sleep Number by 22.7% in the 4th quarter. Hodges Capital Management Inc. now owns 1,240,507 shares of the company’s stock valued at $18,905,000 after purchasing an additional 229,587 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Sleep Number in the 4th quarter valued at about $14,861,000. Geode Capital Management LLC raised its holdings in shares of Sleep Number by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 518,045 shares of the company’s stock valued at $9,493,000 after purchasing an additional 18,182 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Sleep Number by 0.6% during the 3rd quarter. State Street Corp now owns 440,547 shares of the company’s stock worth $8,071,000 after acquiring an additional 2,472 shares in the last quarter. Institutional investors own 85.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SNBR shares. Piper Sandler reduced their price objective on shares of Sleep Number from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Wedbush reduced their price objective on shares of Sleep Number from $18.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, StockNews.com upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th.

Insiders Place Their Bets

In related news, insider Gary T. Fazio bought 12,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of $7.54 per share, with a total value of $90,480.00. Following the transaction, the insider now owns 71,125 shares in the company, valued at approximately $536,282.50. This trade represents a 20.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is owned by insiders.

Sleep Number Trading Down 4.9 %

NASDAQ:SNBR opened at $6.95 on Friday. The company has a market cap of $155.60 million, a PE ratio of -3.84 and a beta of 2.14. Sleep Number Co. has a twelve month low of $6.00 and a twelve month high of $20.75. The company’s 50 day moving average is $14.17 and its two-hundred day moving average is $15.16.

About Sleep Number

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.