Nicholas Investment Partners LP Sells 4,328 Shares of SharkNinja, Inc. $SN

Nicholas Investment Partners LP decreased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 29.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,560 shares of the company’s stock after selling 4,328 shares during the period. Nicholas Investment Partners LP’s holdings in SharkNinja were worth $1,182,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Waratah Capital Advisors Ltd. boosted its holdings in SharkNinja by 84.1% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 306,133 shares of the company’s stock valued at $31,578,000 after purchasing an additional 139,858 shares during the period. Wealth High Governance Capital Ltda bought a new stake in shares of SharkNinja during the 4th quarter worth approximately $17,072,000. Dorsal Capital Management LP lifted its holdings in shares of SharkNinja by 14.7% during the 3rd quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock worth $100,571,000 after acquiring an additional 125,000 shares during the period. Magnetar Financial LLC bought a new position in SharkNinja in the 3rd quarter valued at approximately $2,859,000. Finally, Envestnet Asset Management Inc. lifted its stake in SharkNinja by 76.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 29,729 shares of the company’s stock valued at $3,067,000 after purchasing an additional 12,922 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

SN has been the subject of several research reports. Piper Sandler initiated coverage on shares of SharkNinja in a research note on Tuesday. They issued an “overweight” rating and a $150.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. National Bank Financial set a $145.00 price target on shares of SharkNinja in a report on Tuesday, March 17th. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Stock Performance

Shares of SN stock opened at $133.73 on Friday. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. SharkNinja, Inc. has a 52 week low of $80.69 and a 52 week high of $138.00. The firm’s 50-day simple moving average is $115.27 and its two-hundred day simple moving average is $114.78.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities analysts forecast that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

Insider Buying and Selling at SharkNinja

In other news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the transaction, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 40.80% of the stock is owned by insiders.

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.