SharkNinja (NYSE:SN) CFO Sells $299,623.20 in Stock

SharkNinja, Inc. (NYSE:SN) CFO Adam Quigley sold 2,620 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total value of $299,623.20. Following the completion of the sale, the chief financial officer owned 8,673 shares in the company, valued at $991,844.28. This represents a 23.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

SharkNinja Stock Performance

NYSE:SN traded down $0.99 on Thursday, reaching $113.87. 1,555,620 shares of the company’s stock were exchanged, compared to its average volume of 1,637,959. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.26. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 1.54 and a beta of 1.39. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $133.99. The stock has a fifty day simple moving average of $121.42 and a 200-day simple moving average of $109.72.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. SharkNinja’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, sell-side analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Canaccord Genuity Group set a $160.00 price objective on SharkNinja in a research note on Thursday, February 12th. Bank of America lifted their target price on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Oppenheimer increased their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, TD Cowen reaffirmed a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $145.78.

Institutional Investors Weigh In On SharkNinja

A number of large investors have recently added to or reduced their stakes in SN. FIL Ltd boosted its holdings in shares of SharkNinja by 2.2% in 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 in the last quarter. Abrams Bison Investments LLC boosted its stake in SharkNinja by 20.3% in the second quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock worth $175,707,000 after buying an additional 300,000 shares in the last quarter. Alliancebernstein L.P. grew its position in SharkNinja by 13.2% during the third 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 during the last quarter. Westfield Capital Management Co. LP grew its position in SharkNinja by 14.2% during the second quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company’s stock valued at $139,056,000 after acquiring an additional 174,967 shares during the last quarter. Finally, Palestra Capital Management LLC raised its stake in shares of SharkNinja by 10.3% during the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after acquiring an additional 130,121 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

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.