Stephen Macadam Sells Shares of SNBR
Stephen Macadam sold 97,272 shares of SNBR on June 12, 2026, at $0.44 per share.
Key Points
- Stephen Macadam sold 97,272 shares of SNBR at $0.44 per share on June 12, 2026, totaling $42,799.68.
- SNBR shares are trading at $0.22, with several institutional investors adjusting their positions.
- UBS and Piper Sandler maintain 'hold' ratings, with price targets between $2 and $12.
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Stephen Macadam, a stakeholder in SNBR, recently sold 97,272 shares of the company at a price of $0.44 per share. This transaction, which took place on June 12, 2026, amounted to a total value of $42,799.68.
Other Institutional Activity in SNBR
Several institutional investors have also been active in SNBR. Stadium Capital Management LLC held steady with 2,616,459 shares worth about $4.70 million. Pacific Ridge Capital Partners, LLC increased its position by 621,833 shares, bringing its total to 1,767,445 shares valued at approximately $3.17 million. On the other hand, BlackRock, Inc. reduced its stake by 68,991 shares, holding 1,371,804 shares worth $2.46 million. Charles Schwab Investment Management Inc added 33,143 shares, ending with 1,154,388 shares valued at $2.07 million.
SNBR Stock Snapshot
SNBR shares are currently trading around $0.22. The company has seen varying levels of interest from institutional investors, as reflected in recent transactions.
Insider Buying and Selling at Sleep Number Corp
In addition to Stephen Macadam, several other insiders sold shares on June 12, 2026. Melissa Barra, EVP and Chief Product Officer, sold 81,512 shares at $0.37 each. Amber Minson, EVP and Chief Marketing Officer, sold 4,293 shares at $0.41. Kelly Baker, Principal Accounting Officer, sold 614 shares at $0.40. Samuel Hellfeld, EVP Chief Legal & Risk Officer, sold 40,000 shares at $0.39, and Tanya Skogerboe, SVP Chief Supply Chain, sold 21,566 shares at $0.38.
Analysts Set New Price Targets
UBS maintained its 'hold' rating for SNBR with a price target of $2.00 on May 13, 2026. Piper Sandler also maintained a 'hold' rating, with a target of $5.00 on March 13, 2026. The consensus remains cautious, with analysts suggesting a 'hold' stance on the stock.
Bottom Line
Stephen Macadam's recent sale of SNBR shares is part of a broader pattern of insider transactions. The stock's current trading price and institutional adjustments indicate a dynamic market environment. Analyst ratings suggest a cautious outlook, with 'hold' recommendations and varied price targets reflecting uncertainty about the company's future performance.
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