SharkNinja, Inc. (NYSE:SN - Get Free Report) insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction dated 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 transaction, the insider owned 497,220 shares of the company's stock, valued at approximately $92,661,919.20. The trade was a 9.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
SharkNinja Stock Down 0.7%
Shares of NYSE SN opened at $191.53 on Friday. The firm's 50-day moving average is $163.24 and its two-hundred day moving average is $132.69. The company has a market capitalization of $26.98 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.21. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period last year, the company posted $0.97 EPS. The company's revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on SN. Weiss Ratings raised SharkNinja from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 17th. Wall Street Zen raised SharkNinja from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. UBS Group reiterated a "buy" rating and set a $219.10 price objective on shares of SharkNinja in a research report on Wednesday, August 12th. Canaccord Genuity Group lifted their price objective on SharkNinja from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SharkNinja in a research note on Wednesday, May 6th. Twelve equities 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.com, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.59.
Read Our Latest Stock Analysis on SharkNinja
Institutional Trading of SharkNinja
Several hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System grew its stake in SharkNinja by 360,969.3% in the 2nd quarter. California State Teachers Retirement System now owns 16,486,425 shares of the company's stock worth $2,510,388,000 after acquiring an additional 16,481,859 shares during the period. FIL Ltd lifted its stake in shares of 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 lifted its stake 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 worth $143,177,000 after purchasing an additional 130,121 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of SharkNinja by 39.3% during the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company's stock worth $132,422,000 after purchasing an additional 377,544 shares during the last quarter. Finally, Parsifal Capital Management LP acquired a new stake in shares of SharkNinja during the third quarter worth $111,773,000. 34.77% of the stock is owned by hedge funds and other institutional investors.
About SharkNinja
(
Get Free Report)
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.
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