SharkNinja (NYSE:SN) Insider Neil Shah Sells 20,333 Shares

SharkNinja, Inc. (NYSE:SN) insider Neil Shah sold 20,333 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $184.69, for a total value of $3,755,301.77. Following the completion of the transaction, the insider directly owned 40,766 shares in the company, valued at approximately $7,529,072.54. The trade was a 33.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

SharkNinja Price Performance

Shares of NYSE SN opened at $187.89 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The stock has a fifty day moving average price of $148.95 and a 200 day moving average price of $126.76. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $191.22. The company has a market cap of $26.47 billion, a PE ratio of 38.34, a P/E/G ratio of 2.24 and a beta of 1.21.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. SharkNinja’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Sell-side analysts forecast that SharkNinja, Inc. will post 5.77 EPS for the current year.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently modified their holdings of SN. Wealth High Governance Capital Ltda acquired a new position in SharkNinja during the fourth quarter worth about $17,072,000. Strs Ohio grew its position in shares of SharkNinja by 23.8% in the fourth quarter. Strs Ohio now owns 201,795 shares of the company’s stock valued at $22,581,000 after purchasing an additional 38,815 shares during the last quarter. Nicholas Company Inc. grew its position in shares of SharkNinja by 30.3% in the fourth quarter. Nicholas Company Inc. now owns 116,041 shares of the company’s stock valued at $12,985,000 after purchasing an additional 26,962 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in shares of SharkNinja during the 4th quarter worth approximately $1,231,000. Finally, Reynders McVeigh Capital Management LLC increased its stake in shares of SharkNinja by 218.1% during the 4th quarter. Reynders McVeigh Capital Management LLC now owns 117,150 shares of the company’s stock worth $13,109,000 after purchasing an additional 80,325 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SN. Piper Sandler reissued an “overweight” rating and set a $200.00 price target (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. Oppenheimer lifted their price objective on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, July 13th. JPMorgan Chase & Co. boosted their target price on SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Bank of America increased their target price on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $185.82.

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.