Yahoo Finance Chief Product Officer & Senior VP Andrea Bloomquist Just Sold A Bunch Of Shares In Sleep Number Corporation (NASDAQ:SNBR)
Some Sleep Number Corporation (NASDAQ:SNBR) shareholders may be a little concerned to see that the Chief Product Officer & Senior VP, Andrea Bloomquist, recently sold a whopping US$1.3m worth of stock at a price of US$47.97 per share. That's a big dump, and it decreased their holding size by 34%, which is notable but not too bad.
See our latest analysis for Sleep Number
Sleep Number Insider Transactions Over The Last Year
Notably, that recent sale by Andrea Bloomquist is the biggest insider sale of Sleep Number shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$47.57. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
All up, insiders sold more shares in Sleep Number than they bought, over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Sleep Number insiders own 3.2% of the company, worth about US$43m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Sleep Number Tell Us?
Insiders haven't bought Sleep Number stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. But since Sleep Number is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd think twice before buying! Of course, the future is what matters most. So if you are interested in Sleep Number, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
