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

SharkNinja, Inc. (NYSE:SN) insider Neil Shah sold 50,000 shares of the 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 transaction, the insider owned 497,220 shares in the company, valued at $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SharkNinja Stock Down 0.7%

SN stock traded down $1.33 during mid-day trading on Friday, hitting $191.53. 1,319,906 shares of the company were exchanged, compared to its average volume of 1,848,425. The firm has a fifty day simple moving average of $162.23 and a 200 day simple moving average of $132.27. The company has a market capitalization of $26.98 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 2.23 and a beta of 1.21. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $194.54. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, research analysts forecast that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SN. Bank of America upped their price objective on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Canaccord Genuity Group upped their price target on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. TD Cowen raised their price objective on SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Guggenheim lifted their price objective on shares of SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average price target of $188.59.

Institutional Trading of SharkNinja

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth High Governance Capital Ltda bought a new position in SharkNinja during the 4th quarter worth $17,072,000. Strs Ohio lifted its stake in SharkNinja by 23.8% in the fourth quarter. Strs Ohio now owns 201,795 shares of the company’s stock valued at $22,581,000 after buying an additional 38,815 shares during the last quarter. Nicholas Company Inc. lifted its stake in SharkNinja by 30.3% in the fourth quarter. Nicholas Company Inc. now owns 116,041 shares of the company’s stock valued at $12,985,000 after buying an additional 26,962 shares during the last quarter. K.J. Harrison & Partners Inc acquired a new position in shares of SharkNinja during the fourth quarter valued at $1,231,000. Finally, Raiffeisen Bank International AG boosted its holdings in shares of SharkNinja by 33.3% during the fourth quarter. Raiffeisen Bank International AG now owns 80,000 shares of the company’s stock valued at $9,095,000 after acquiring an additional 20,000 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.