SharkNinja (NYSE:SN) CFO Adam Quigley Sells 2,620 Shares of Stock

SharkNinja, Inc. (NYSE:SN) CFO Adam Quigley sold 2,620 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total transaction of $299,623.20. Following the transaction, the chief financial officer directly owned 8,673 shares in the company, valued at approximately $991,844.28. This represents a 23.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

SharkNinja Trading Down 0.9%

SharkNinja stock traded down $0.99 during mid-day trading on Thursday, hitting $113.87. The company’s stock had a trading volume of 1,555,620 shares, compared to its average volume of 1,637,959. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.26. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. The business has a 50 day moving average price of $121.42 and a 200-day moving average price of $109.72. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $133.99.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.SharkNinja’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Hedge Funds Weigh In On SharkNinja

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. acquired a new position in SharkNinja during the 3rd quarter worth approximately $29,000. Transamerica Financial Advisors LLC boosted its stake in shares of SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares during the period. Larson Financial Group LLC increased its stake in SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after buying an additional 126 shares during the period. Los Angeles Capital Management LLC acquired a new position in SharkNinja in the 4th quarter worth $38,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of SharkNinja during the third quarter valued at about $46,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen reissued a “buy” rating on shares of SharkNinja in a report on Wednesday, January 14th. Oppenheimer increased their target price on shares of SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. Canaccord Genuity Group set a $160.00 price objective on SharkNinja in a report on Thursday, February 12th. Finally, Bank of America lifted their price objective on SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.78.

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.