Insider Selling: Sleep Number Corp (SNBR) Insider Sells 10,000 Shares of Stock
Sleep Number Corp (NASDAQ:SNBR) insider Shelly Radue Ibach sold 10,000 shares of Sleep Number stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $48.00, for a total transaction of $480,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shelly Radue Ibach also recently made the following trade(s):
- On Thursday, February 21st, Shelly Radue Ibach sold 15,112 shares of Sleep Number stock. The shares were sold at an average price of $43.99, for a total transaction of $664,776.88.
- On Thursday, February 14th, Shelly Radue Ibach sold 10,000 shares of Sleep Number stock. The shares were sold at an average price of $42.00, for a total transaction of $420,000.00.
NASDAQ SNBR opened at $47.19 on Friday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. Sleep Number Corp has a one year low of $26.22 and a one year high of $48.24.
A number of equities research analysts recently weighed in on the stock. SunTrust Banks lifted their price objective on shares of Sleep Number to $35.00 and gave the company a “hold” rating in a report on Thursday, February 14th. BidaskClub upgraded shares of Sleep Number from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 27th. Piper Jaffray Companies raised their target price on shares of Sleep Number to $43.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. ValuEngine downgraded shares of Sleep Number from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Finally, Zacks Investment Research raised shares of Sleep Number from a “sell” rating to a “hold” rating in a research report on Saturday, February 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $38.83.
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.
Further Reading: Trading Ex-Dividend
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