SharkNinja, Inc. $SN Shares Sold by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 76.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,294 shares of the company’s stock after selling 14,298 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in SharkNinja were worth $443,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Abrams Bison Investments LLC lifted its holdings in shares of SharkNinja by 20.3% during the 2nd quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock valued at $175,707,000 after acquiring an additional 300,000 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in SharkNinja by 14.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company’s stock valued at $139,056,000 after purchasing an additional 174,967 shares in the last quarter. Greenvale Capital LLP raised its position in SharkNinja by 26.2% in the second quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock valued at $133,636,000 after purchasing an additional 280,000 shares during the period. Alliancebernstein L.P. raised its position 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 purchasing an additional 377,544 shares during the period. Finally, Third Point LLC lifted its stake in shares of SharkNinja by 118.2% during the second quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock worth $118,788,000 after purchasing an additional 650,000 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Bank of America boosted their price target on SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Morgan Stanley set a $128.00 price target on SharkNinja in a report on Thursday, February 12th. Guggenheim lifted 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, JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.78.

Insider Transactions at SharkNinja

In related news, CFO Adam Quigley sold 2,620 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total value of $299,623.20. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

SharkNinja Price Performance

Shares of NYSE SN opened at $111.05 on Monday. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.26. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $133.99. The business has a 50 day moving average price of $121.39 and a two-hundred day moving average price of $109.55. The firm has a market cap of $15.68 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.48 and a beta of 1.39.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company posted $1.40 EPS. SharkNinja’s quarterly revenue was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. Sell-side analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal 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.