Today it was reported that a Director at Sleep Number Corporation (SNBR), Jean Michel Valette, exercised options to buy 10,496 SNBR shares at $14.05 a share, for a total transaction value of $147.5K.
Following Jean Michel Valette’s last SNBR Buy transaction on October 16, 2015, the stock climbed by 15.3%. Following this transaction Jean Michel Valette’s holding in the company was increased by 4.49% to a total of $9.58 million.
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Based on Sleep Number Corporation’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $426 million and quarterly net profit of $25.42 million. In comparison, last year the company earned revenue of $389 million and had a net profit of $20.55 million. SNBR’s market cap is $1.16B and the company has a P/E ratio of 17.05. Currently, Sleep Number Corporation has an average volume of 519K.
The insider sentiment on Sleep Number Corporation has been positive according to 72 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Jean Michel Valette’s trades have generated a 11.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Sleep Number Corp. designs, manufactures, markets, and distributes beds, proprietary beds, and other sleep-related accessory products. It offers beds under the brand name Sleep Number. The company was founded by Robert Walker and JoAnn Walker in 1987 and is headquartered in Minneapolis, MN.
