William Blair Investment Management LLC Decreases Holdings in SharkNinja, Inc. $SN

William Blair Investment Management LLC trimmed its position in shares of SharkNinja, Inc. (NYSE:SN) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,236,321 shares of the company’s stock after selling 145,130 shares during the period. William Blair Investment Management LLC’s holdings in SharkNinja were worth $138,344,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of SharkNinja by 13.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after buying an additional 176,104 shares in the last quarter. Palestra Capital Management LLC raised its holdings in shares of SharkNinja by 10.3% during the 3rd 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 in the last quarter. Parsifal Capital Management LP purchased a new position in shares of SharkNinja during the 3rd quarter valued at about $111,773,000. Dorsal Capital Management LP raised its holdings in shares of SharkNinja by 14.7% during the 3rd quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock valued at $100,571,000 after buying an additional 125,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in SharkNinja by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 941,602 shares of the company’s stock worth $97,166,000 after purchasing an additional 21,976 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

SN opened at $111.96 on Friday. 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, Inc. has a 52-week low of $80.69 and a 52-week high of $133.99. The stock has a market capitalization of $15.85 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 1.50 and a beta of 1.37. The stock’s 50 day moving average price is $109.45 and its 200-day moving average price is $111.20.

SharkNinja (NYSE:SN) last posted its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, equities research analysts predict that SharkNinja, Inc. will post 5.74 EPS for the current year.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.12% of the company’s stock.

Wall Street Analyst Weigh In

SN has been the topic of a number of analyst reports. National Bank Financial set a $145.00 price target on SharkNinja in a research note on Tuesday, March 17th. Canaccord Genuity Group lifted their price target on SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of $150.00.

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.