Usually this is not caused by the sleep tracking directly as this is usually not consuming too much resources (usually around 1-3% battery per hour of tracking).
The issue appears because we hold a wake lock (keeping the phone awake) – any badly written apps may access the CPU extensively during the sleep tracking time. We suggest checking which services are running before you get to sleep.
For us it is hard to debug this. Also battery statistics are not a hint here as all battery consumption is accounted to the app which holds the lock even it did not consume the battery – this is by design in Android.
To conclude, this issue may happen, although we did not get any similar reports for a very long time now. But the most probable cause is some wrong 3rd party service or app on your device.
To see more on the issue we would need a debug report (menu > report a bug).
A good test would be to reboot Your phone before sleep tracking (or kill any unnecessary services running) and see if that helps.