Sleep Number Co. (NASDAQ:SNBR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its holdings in shares of Sleep Number Co. (NASDAQ:SNBR) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 586,131 shares of the company’s stock after selling 6,987 shares during the period. Jacobs Levy Equity Management Inc. owned 2.62% of Sleep Number worth $9,396,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sleep Number by 27.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,224 shares of the company’s stock worth $77,000 after buying an additional 1,114 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in Sleep Number by 105.5% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 117,397 shares of the company’s stock worth $1,741,000 after acquiring an additional 60,280 shares during the period. Russell Investments Group Ltd. boosted its holdings in Sleep Number by 85.2% in the 4th quarter. Russell Investments Group Ltd. now owns 46,154 shares of the company’s stock worth $684,000 after acquiring an additional 21,233 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Sleep Number by 29.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 802,190 shares of the company’s stock valued at $11,896,000 after purchasing an additional 184,038 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Sleep Number by 22.5% in the 4th quarter. BNP Paribas Financial Markets now owns 34,756 shares of the company’s stock valued at $515,000 after purchasing an additional 6,390 shares in the last quarter. 85.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNBR has been the topic of several research reports. UBS Group upped their price target on Sleep Number from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Piper Sandler increased their price target on Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Wedbush reaffirmed a “neutral” rating and set a $13.50 target price on shares of Sleep Number in a research note on Thursday, April 25th.

Sleep Number Stock Performance

Shares of NASDAQ SNBR traded up $0.62 during mid-day trading on Tuesday, reaching $11.40. 485,610 shares of the company traded hands, compared to its average volume of 542,279. The company’s fifty day moving average is $11.60 and its two-hundred day moving average is $12.78. Sleep Number Co. has a fifty-two week low of $8.13 and a fifty-two week high of $31.23.

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.