SharkNinja, Inc. $SN Shares Purchased by Dorsal Capital Management LP

Dorsal Capital Management LP boosted its stake in SharkNinja, Inc. (NYSE:SN) by 14.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 975,000 shares of the company’s stock after acquiring an additional 125,000 shares during the quarter. SharkNinja comprises about 2.7% of Dorsal Capital Management LP’s holdings, making the stock its 16th largest holding. Dorsal Capital Management LP’s holdings in SharkNinja were worth $100,571,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in SharkNinja by 21.8% during the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after purchasing an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in SharkNinja in the 1st quarter valued at about $369,000. Goldman Sachs Group Inc. grew its stake in shares of SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after acquiring an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of SharkNinja by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after acquiring an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of SharkNinja during the first quarter worth about $656,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

SN has been the subject of a number of analyst reports. Oppenheimer increased their price target on SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Morgan Stanley set a $128.00 price objective on SharkNinja in a report on Thursday, February 12th. TD Cowen reaffirmed a “buy” rating on shares of SharkNinja in a research report on Wednesday, January 14th. Cantor Fitzgerald reiterated an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Finally, Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and a consensus price target of $145.78.

Insider Transactions at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total value of $299,623.20. Following the completion of the transaction, the chief financial officer directly owned 8,673 shares in the company, valued at $991,844.28. The trade was a 23.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.12% of the stock is owned by corporate insiders.

SharkNinja Stock Down 1.7%

SN stock opened at $99.99 on Friday. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.33 and a beta of 1.39. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $133.99. The firm has a fifty day moving average price of $120.80 and a two-hundred day moving average price of $109.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.47.

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