CI Investments Inc. Trims Stock Holdings in SharkNinja, Inc. $SN

CI Investments Inc. trimmed its holdings in SharkNinja, Inc. (NYSE:SN) by 95.5% during the first quarter, HoldingsChannel.com reports. The fund owned 20,622 shares of the company’s stock after selling 439,204 shares during the period. CI Investments Inc.’s holdings in SharkNinja were worth $2,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of SharkNinja during the first quarter worth about $27,000. Larson Financial Group LLC grew its holdings in shares of SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after buying an additional 126 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after acquiring an additional 248 shares during the period. Los Angeles Capital Management LLC acquired a new position in SharkNinja in the 4th quarter valued at about $38,000. Finally, Sunbelt Securities Inc. purchased a new stake in SharkNinja during the 3rd quarter valued at approximately $46,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SN. Oppenheimer increased their price objective on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Guggenheim upped their price target on SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Canaccord Genuity Group increased their price target on SharkNinja from $161.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Piper Sandler began coverage on shares of SharkNinja in a research report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and an average price target of $164.80.

Insider Buying and Selling at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction 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 transaction, the chief financial officer owned 1,750 shares of the company’s stock, valued at $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 40.80% of the stock is currently owned by company insiders.

SharkNinja Price Performance

Shares of NYSE:SN opened at $148.69 on Friday. SharkNinja, Inc. has a 52 week low of $83.12 and a 52 week high of $156.87. The company has a 50-day moving average price of $135.43 and a 200 day moving average price of $122.68. The company has a market cap of $21.04 billion, a P/E ratio of 29.98, a PEG ratio of 1.91 and a beta of 1.22. The company has a quick ratio of 1.62, a current ratio of 2.38 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Research analysts predict that SharkNinja, Inc. will post 5.77 earnings per share for the current year.

SharkNinja 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.