SharkNinja, Inc. $SN Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in SharkNinja, Inc. (NYSE:SN) by 121.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,069 shares of the company’s stock after purchasing an additional 109,546 shares during the period. Sei Investments Co.’s holdings in SharkNinja were worth $21,188,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. FIL Ltd grew its holdings in shares of SharkNinja by 2.2% during the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock worth $253,836,000 after buying an additional 48,163 shares in the last quarter. Palestra Capital Management LLC lifted its stake in shares of SharkNinja by 10.3% during the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock valued at $143,177,000 after buying an additional 130,121 shares during the period. Alliancebernstein L.P. lifted its stake in shares of SharkNinja by 39.3% during the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock valued at $132,422,000 after buying an additional 377,544 shares during the period. Parsifal Capital Management LP acquired a new stake in SharkNinja during the third quarter worth approximately $111,773,000. Finally, Morgan Stanley grew its stake in SharkNinja by 191.3% in the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after acquiring an additional 709,494 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the sale, the chief financial officer directly owned 1,750 shares in the company, valued at $197,697.50. This represents a 79.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 40.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SN has been the subject of several analyst reports. TD Cowen boosted their price target on SharkNinja from $145.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Canaccord Genuity Group lifted their price objective on SharkNinja from $161.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their target price on SharkNinja from $146.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.80.

SharkNinja Price Performance

SharkNinja stock opened at $159.82 on Wednesday. SharkNinja, Inc. has a 1 year low of $83.12 and a 1 year high of $159.99. The firm has a 50 day moving average price of $137.52 and a 200 day moving average price of $123.30. The company has a market cap of $22.62 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.01 and a beta of 1.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. SharkNinja’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Sell-side analysts predict that SharkNinja, Inc. will post 5.77 earnings per share for the current year.

SharkNinja Company Profile

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.