Rock Creek Group LP Buys 10,000 Shares of SharkNinja, Inc. $SN

Rock Creek Group LP boosted its holdings in SharkNinja, Inc. (NYSE:SN) by 100.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,000 shares of the company’s stock after buying an additional 10,000 shares during the quarter. SharkNinja accounts for 0.2% of Rock Creek Group LP’s investment portfolio, making the stock its 28th largest holding. Rock Creek Group LP’s holdings in SharkNinja were worth $2,238,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in SharkNinja in the 4th quarter worth about $35,706,000. Fiducient Advisors LLC bought a new position in SharkNinja in the 4th quarter worth about $359,000. Geode Capital Management LLC increased its stake in SharkNinja by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 518,826 shares of the company’s stock worth $58,057,000 after acquiring an additional 8,900 shares during the last quarter. Harbour Investments Inc. increased its stake in SharkNinja by 8.5% in the 4th quarter. Harbour Investments Inc. now owns 2,140 shares of the company’s stock worth $239,000 after acquiring an additional 167 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in SharkNinja by 16.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock worth $97,000 after acquiring an additional 123 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 1,750 shares in the company, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.12% of the company’s stock.

SharkNinja Trading Up 2.3%

Shares of SN stock opened at $122.22 on Friday. The stock has a market capitalization of $17.30 billion, a PE ratio of 24.64, a P/E/G ratio of 1.60 and a beta of 1.37. SharkNinja, Inc. has a 1-year low of $80.69 and a 1-year high of $133.99. The business has a 50-day moving average of $110.96 and a 200 day moving average of $112.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business posted $0.87 EPS. The business’s revenue 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, sell-side analysts anticipate that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SN shares. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley set a $128.00 price objective on SharkNinja in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research report on Friday, April 10th. Canaccord Genuity Group increased their price objective on SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average 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.