CTC Alternative Strategies Ltd. Invests $339,000 in SharkNinja, Inc. $SN

CTC Alternative Strategies Ltd. purchased a new stake in shares of SharkNinja, Inc. (NYSE:SN) during the 1st quarter, Holdings Channel reports. The fund purchased 3,200 shares of the company’s stock, valued at approximately $339,000.

Other hedge funds have also added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in SharkNinja in the first quarter worth about $27,000. Larson Financial Group LLC lifted its position in SharkNinja by 64.3% during the 3rd 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 period. Transamerica Financial Advisors LLC lifted its position in SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of SharkNinja in the 4th quarter valued at about $38,000. Finally, Sunbelt Securities Inc. bought a new position in shares of SharkNinja in the 3rd quarter valued at about $46,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of SN opened at $162.18 on Friday. The stock has a market cap of $22.95 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22. SharkNinja, Inc. has a 1 year low of $83.12 and a 1 year high of $164.37. The stock’s 50-day moving average price is $140.60 and its two-hundred day moving average price is $124.13. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $1.41 billion during 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%.SharkNinja’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, equities analysts predict that SharkNinja, Inc. will post 5.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Guggenheim lifted their price target on shares of SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. TD Cowen increased their price objective on shares of SharkNinja from $145.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Bank of America raised their price objective on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Oppenheimer lifted their target price on shares of SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $146.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and an average price target of $167.90.

Insider Transactions at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the transaction, the chief financial officer owned 1,750 shares in the company, valued at approximately $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 40.80% 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.