Blue Grotto Capital LLC Acquires 160,316 Shares of SharkNinja, Inc. $SN

Blue Grotto Capital LLC increased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 64.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 410,496 shares of the company’s stock after purchasing an additional 160,316 shares during the period. SharkNinja accounts for about 4.9% of Blue Grotto Capital LLC’s holdings, making the stock its 9th biggest holding. Blue Grotto Capital LLC owned approximately 0.29% of SharkNinja worth $42,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in SharkNinja during the 2nd quarter worth $81,983,000. Third Point LLC boosted its holdings in SharkNinja by 118.2% in the second quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock valued at $118,788,000 after purchasing an additional 650,000 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in SharkNinja in the second quarter valued at about $46,048,000. Voss Capital LP grew its stake in SharkNinja by 238.6% during the 2nd quarter. Voss Capital LP now owns 575,626 shares of the company’s stock valued at $56,981,000 after purchasing an additional 405,626 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its holdings in SharkNinja by 79.6% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 900,661 shares of the company’s stock worth $89,156,000 after purchasing an additional 399,043 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Insider Buying and Selling at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total value of $299,623.20. Following the transaction, the chief financial officer directly owned 8,673 shares of the company’s stock, valued at $991,844.28. This represents a 23.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SN. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Oppenheimer raised their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Bank of America upped their price target on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Guggenheim increased their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Canaccord Genuity Group set a $160.00 price objective on shares of SharkNinja in a report on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of $145.78.

SharkNinja Price Performance

Shares of NYSE:SN opened at $101.61 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $133.99. The firm’s 50 day moving average is $121.07 and its two-hundred day moving average is $109.44. The firm has a market capitalization of $14.35 billion, a P/E ratio of 20.57, a PEG ratio of 1.47 and a beta of 1.39.

SharkNinja (NYSE:SN) last issued its quarterly 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 the consensus estimate of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. SharkNinja’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. Analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.