14,479 Shares in Sleep Number Co. (NASDAQ:SNBR) Purchased by Olympiad Research LP

Olympiad Research LP acquired a new position in Sleep Number Co. (NASDAQ:SNBR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,479 shares of the company’s stock, valued at approximately $221,000. Olympiad Research LP owned 0.06% of Sleep Number as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in Sleep Number by 9.1% during the 4th quarter. Rhumbline Advisers now owns 40,128 shares of the company’s stock worth $612,000 after buying an additional 3,342 shares during the period. First Dallas Securities Inc. raised its holdings in Sleep Number by 40.7% during the 4th quarter. First Dallas Securities Inc. now owns 41,500 shares of the company’s stock worth $632,000 after buying an additional 12,000 shares during the period. Hodges Capital Management Inc. raised its holdings in Sleep Number by 22.7% during the 4th quarter. Hodges Capital Management Inc. now owns 1,240,507 shares of the company’s stock worth $18,905,000 after buying an additional 229,587 shares during the period. Inspire Investing LLC raised its holdings in Sleep Number by 13.4% during the 4th quarter. Inspire Investing LLC now owns 25,917 shares of the company’s stock worth $395,000 after buying an additional 3,071 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Sleep Number by 28.8% during the 4th quarter. GAMMA Investing LLC now owns 7,443 shares of the company’s stock worth $113,000 after buying an additional 1,664 shares during the period. 85.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on SNBR shares. Piper Sandler cut their price objective on Sleep Number from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com upgraded Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday, January 9th.

Sleep Number Price Performance

Shares of SNBR opened at $14.49 on Monday. The company has a market capitalization of $324.14 million, a price-to-earnings ratio of -8.01 and a beta of 2.09. Sleep Number Co. has a fifty-two week low of $8.13 and a fifty-two week high of $20.75. The business’s 50-day moving average is $16.65 and its 200-day moving average is $15.72.

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.