SharkNinja, Inc. $SN Shares Sold by Senator Investment Group LP

Senator Investment Group LP trimmed its position in SharkNinja, Inc. (NYSE:SN) by 19.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 400,000 shares of the company’s stock after selling 95,897 shares during the period. SharkNinja accounts for 1.8% of Senator Investment Group LP’s investment portfolio, making the stock its 18th biggest holding. Senator Investment Group LP’s holdings in SharkNinja were worth $44,760,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in SharkNinja by 5.2% in the third quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock valued at $200,000 after purchasing an additional 96 shares during the last quarter. Xponance LLC boosted its holdings in SharkNinja by 1.9% in the fourth quarter. Xponance LLC now owns 5,584 shares of the company’s stock valued at $625,000 after purchasing an additional 106 shares during the last quarter. GAMMA Investing LLC boosted its holdings in SharkNinja by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after purchasing an additional 110 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in SharkNinja by 16.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $97,000 after purchasing an additional 123 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Trading Down 0.2%

SN stock opened at $133.51 on Tuesday. The company’s 50-day simple moving average is $115.85 and its 200-day simple moving average is $115.25. 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, Inc. has a 52-week low of $83.12 and a 52-week high of $139.50. The firm has a market cap of $18.89 billion, a P/E ratio of 26.92, a PEG ratio of 1.80 and a beta of 1.35.

SharkNinja (NYSE:SN) last posted 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. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted $0.87 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities analysts forecast that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at $197,697.50. This represents a 79.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 40.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on SN shares. Canaccord Genuity Group upped their price target on shares of SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a report on Monday, May 4th. National Bank Financial set a $145.00 price target on shares of SharkNinja in a report on Tuesday, March 17th. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Piper Sandler started coverage on shares of SharkNinja in a report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.00.

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.