Aurora Investment Counsel boosted its stake in shares of SharkNinja, Inc. (NYSE:SN – Free Report) by 35.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,275 shares of the company’s stock after buying an additional 4,215 shares during the quarter. Aurora Investment Counsel’s holdings in SharkNinja were worth $1,821,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Waratah Capital Advisors Ltd. boosted its position in SharkNinja by 84.1% during the third quarter. Waratah Capital Advisors Ltd. now owns 306,133 shares of the company’s stock valued at $31,578,000 after purchasing an additional 139,858 shares during the last quarter. Wealth High Governance Capital Ltda acquired a new position in SharkNinja during the fourth quarter valued at approximately $17,072,000. Dorsal Capital Management LP boosted its position in SharkNinja by 14.7% during the third quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock valued at $100,571,000 after purchasing an additional 125,000 shares during the last quarter. Magnetar Financial LLC acquired a new position in SharkNinja during the third quarter valued at approximately $2,859,000. Finally, Envestnet Asset Management Inc. boosted its position in SharkNinja by 76.9% during the third quarter. Envestnet Asset Management Inc. now owns 29,729 shares of the company’s stock valued at $3,067,000 after purchasing an additional 12,922 shares during the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.
SharkNinja Stock Performance
SN opened at $133.73 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. The business has a fifty day simple moving average of $115.27 and a 200 day simple moving average of $114.78. SharkNinja, Inc. has a 1 year low of $80.69 and a 1 year high of $138.00. The company has a market capitalization of $18.93 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34.
Insider Buying and Selling
In other SharkNinja 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 value of $782,091.31. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 40.80% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages recently commented on SN. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Piper Sandler started coverage on SharkNinja in a research note on Tuesday. They issued an “overweight” rating and a $150.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. upped their price objective on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.00.
Read Our Latest Stock Report on SharkNinja
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.
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