SharkNinja, Inc. $SN Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in SharkNinja, Inc. (NYSE:SN) by 360,969.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 16,486,425 shares of the company’s stock after acquiring an additional 16,481,859 shares during the quarter. California State Teachers Retirement System owned about 0.12% of SharkNinja worth $2,510,388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of SharkNinja during the 1st quarter worth $27,000. Clearstead Trust LLC purchased a new position in shares of SharkNinja in the 2nd quarter valued at about $30,000. Larson Financial Group LLC lifted its stake in shares of SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the period. Transamerica Financial Advisors LLC lifted 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. Finally, Los Angeles Capital Management LLC purchased a new stake in SharkNinja during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Down 3.9%

SN stock opened at $162.70 on Friday. The company’s 50 day simple moving average is $168.58 and its 200-day simple moving average is $135.72. The firm has a market capitalization of $22.92 billion, a PE ratio of 33.20, a P/E/G ratio of 2.00 and a beta of 1.24. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $194.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45.

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, topping the consensus estimate of $1.11 by $0.15. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities analysts expect that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the transaction, the insider owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 100,000 shares of company stock worth $18,613,911 over the last ninety days. Company insiders own 40.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SN. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Oppenheimer boosted their price target on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price objective (up from $181.00) on shares of SharkNinja in a research note on Thursday, August 6th. Finally, Bank of America lifted their price objective on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $188.59.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances and household products. Its portfolio is organized primarily around the Shark and Ninja brands, which are sold through retailers, e-commerce channels and other distribution partners.

Shark products include vacuum cleaners, floor-care systems, air purifiers, beauty appliances and other home-cleaning solutions. Ninja products include blenders, food processors, air fryers, coffee and beverage systems, cookware, ovens, grills and other kitchen appliances.