SharkNinja (NYSE:SN) Insider Neil Shah Sells 29,667 Shares of Stock

SharkNinja, Inc. (NYSE:SN) insider Neil Shah sold 29,667 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $186.76, for a total transaction of $5,540,608.92. Following the completion of the transaction, the insider owned 61,099 shares of the company’s stock, valued at approximately $11,410,849.24. This trade represents a 32.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

SharkNinja Stock Up 3.1%

SharkNinja stock opened at $185.51 on Friday. The firm has a market capitalization of $26.25 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.36 and a beta of 1.21. The company has a current ratio of 2.08, a quick ratio of 1.62 and a debt-to-equity ratio of 0.24. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $187.63. The stock’s fifty day simple moving average is $146.37 and its 200-day simple moving average is $125.88.

SharkNinja (NYSE:SN) last released 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 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 analyst estimates of $1.65 billion. During the same period last year, the business posted $0.97 earnings per share. SharkNinja’s 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. As a group, equities analysts expect that SharkNinja, Inc. will post 5.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Piper Sandler reiterated an “overweight” rating and issued a $200.00 price target (up from $181.00) on shares of SharkNinja in a research note on Thursday. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen boosted their price target on shares of SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $204.00 price objective on shares of SharkNinja in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.82.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new stake in SharkNinja during the second quarter worth approximately $81,134,000. Clearstead Trust LLC purchased a new position in SharkNinja in the second quarter valued at approximately $30,000. Handelsbanken Fonder AB increased its stake in SharkNinja by 18.8% in the second quarter. Handelsbanken Fonder AB now owns 32,200 shares of the company’s stock valued at $4,903,000 after purchasing an additional 5,100 shares during the last quarter. GAMMA Investing LLC raised its holdings in SharkNinja by 46.1% during the second quarter. GAMMA Investing LLC now owns 1,261 shares of the company’s stock worth $192,000 after purchasing an additional 398 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in SharkNinja by 10.5% during the second quarter. Avior Wealth Management LLC now owns 4,708 shares of the company’s stock worth $717,000 after purchasing an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

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.