Insider Selling: SharkNinja (NYSE:SN) Insider Sells 20,333 Shares

SharkNinja, Inc. (NYSE:SN) insider Neil Shah sold 20,333 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $184.69, for a total transaction of $3,755,301.77. Following the sale, the insider directly owned 40,766 shares in the company, valued at approximately $7,529,072.54. The trade was a 33.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

SharkNinja Trading Up 0.9%

Shares of NYSE:SN traded up $1.72 during trading on Tuesday, reaching $187.89. The company’s stock had a trading volume of 1,828,110 shares, compared to its average volume of 1,890,133. The firm’s 50 day simple moving average is $148.95 and its two-hundred day simple moving average is $126.76. 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, Inc. has a 12 month low of $83.12 and a 12 month high of $191.22. The stock has a market capitalization of $26.47 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 2.24 and a beta of 1.21.

SharkNinja (NYSE:SN) last issued its quarterly earnings data 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. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, research analysts predict that SharkNinja, Inc. will post 5.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SN shares. Oppenheimer increased their price target on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, July 13th. The Goldman Sachs Group reiterated a “buy” rating and set a $204.00 price objective on shares of SharkNinja in a research report on Thursday, August 6th. Bank of America upped their price target on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Canaccord Genuity Group upped their target price on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Guggenheim raised their price target on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Eleven 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $185.82.

Institutional Investors Weigh In On SharkNinja

Several large investors have recently added to or reduced their stakes in SN. FIL Ltd increased its holdings in SharkNinja by 2.2% during the 4th 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 period. Palestra Capital Management LLC boosted its stake in SharkNinja by 10.3% in the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock valued at $143,177,000 after acquiring an additional 130,121 shares in the last quarter. Alliancebernstein L.P. boosted its stake in 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 acquiring an additional 377,544 shares in the last quarter. Parsifal Capital Management LP purchased a new position in SharkNinja in the third quarter worth $111,773,000. Finally, Morgan Stanley grew its holdings in SharkNinja by 191.3% in the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after purchasing an additional 709,494 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.