Entropy Technologies LP Takes $1.62 Million Position in SharkNinja, Inc. $SN

Entropy Technologies LP acquired a new position in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,475 shares of the company’s stock, valued at approximately $1,620,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Waratah Capital Advisors Ltd. grew its position in shares of SharkNinja by 84.1% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 306,133 shares of the company’s stock worth $31,578,000 after buying an additional 139,858 shares during the period. Wealth High Governance Capital Ltda bought a new position in shares of SharkNinja during the 4th quarter valued at about $17,072,000. Dorsal Capital Management LP lifted its stake in SharkNinja by 14.7% in the 3rd quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock valued at $100,571,000 after acquiring an additional 125,000 shares in the last quarter. Magnetar Financial LLC bought a new stake in SharkNinja in the 3rd quarter valued at approximately $2,859,000. Finally, Alliancebernstein L.P. lifted its stake in SharkNinja by 13.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after acquiring an additional 176,104 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Down 0.2%

Shares of SN stock opened at $133.51 on Tuesday. The stock has a 50-day moving average of $115.85 and a 200-day moving average of $115.25. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $139.50. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.80 and a beta of 1.35. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25.

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

Insider Buying and Selling

In related news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the sale, the chief financial officer owned 1,750 shares of the company’s stock, 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 SEC, which is available at the SEC website. 40.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SN shares. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. National Bank Financial set a $145.00 price objective on SharkNinja in a report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. upped their target price on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.00.

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.