Insider Selling: SharkNinja (NYSE:SN) Insider Sells 20,333 Shares of Stock

SharkNinja, Inc. (NYSE:SN) insider Neil Shah sold 20,333 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $184.69, for a total transaction of $3,755,301.77. Following the completion of the transaction, the insider owned 40,766 shares in the company, valued at approximately $7,529,072.54. The trade was a 33.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SharkNinja Stock Performance

Shares of NYSE:SN traded up $1.72 during midday trading on Tuesday, reaching $187.89. 1,828,110 shares of the company traded hands, compared to its average volume of 1,890,133. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 2.24 and a beta of 1.21. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average price is $148.95 and its two-hundred day moving average price is $126.76. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $191.22.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) 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 company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $0.97 EPS. The firm’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. On average, equities analysts expect that SharkNinja, Inc. will post 5.77 earnings per share for the current year.

Hedge Funds Weigh In On SharkNinja

A number of hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in SharkNinja in the 2nd quarter worth $81,134,000. Clearstead Trust LLC bought a new stake in shares of SharkNinja during the second quarter valued at approximately $30,000. Handelsbanken Fonder AB boosted its position in shares of SharkNinja by 18.8% during the second quarter. Handelsbanken Fonder AB now owns 32,200 shares of the company’s stock worth $4,903,000 after acquiring an additional 5,100 shares during the last quarter. GAMMA Investing LLC lifted its stake in SharkNinja by 46.1% in the 2nd 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 increased its holdings in shares of SharkNinja by 10.5% in 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 during the last quarter. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Guggenheim boosted their price target on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” 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 company a “buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Piper Sandler reaffirmed 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. Finally, Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $185.82.

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.