Neil Shah Sells 50,000 Shares of SharkNinja (NYSE:SN) Stock

SharkNinja, Inc. (NYSE:SN) insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the sale, the insider owned 497,220 shares of the company’s stock, valued at $92,661,919.20. This represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SharkNinja Stock Down 0.7%

SharkNinja stock opened at $191.53 on Friday. The company has a market capitalization of $26.98 billion, a PE ratio of 39.09, a PEG ratio of 2.26 and a beta of 1.21. SharkNinja, Inc. has a 12-month low of $83.12 and a 12-month high of $194.54. The firm’s fifty day moving average is $163.24 and its 200 day moving average is $132.69. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the company posted $0.97 earnings per share. The business’s quarterly revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, sell-side analysts predict that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SN has been the subject of a number of research analyst reports. Bank of America boosted their target price on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group reissued a “buy” rating and issued a $204.00 price objective on shares of SharkNinja in a research note on Thursday, August 6th. Canaccord Genuity Group boosted their price objective on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Guggenheim boosted their price objective on SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.59.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in SharkNinja by 360,969.3% during the 2nd quarter. California State Teachers Retirement System now owns 16,486,425 shares of the company’s stock valued at $2,510,388,000 after purchasing an additional 16,481,859 shares during the last quarter. FIL Ltd raised its stake in shares of SharkNinja by 2.2% in the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock worth $253,836,000 after purchasing an additional 48,163 shares during the last quarter. Palestra Capital Management LLC raised its stake in shares of SharkNinja by 10.3% in the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after purchasing an additional 130,121 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of SharkNinja by 39.3% in the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock valued at $132,422,000 after purchasing an additional 377,544 shares in the last quarter. Finally, Parsifal Capital Management LP bought a new position in shares of SharkNinja in the third quarter valued at approximately $111,773,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

About SharkNinja

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.