SharkNinja (NYSE:SN) Stock: Insider Neil Shah Sells 40,000 Shares

SharkNinja, Inc. (NYSE:SN) insider Neil Shah sold 40,000 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of $223.45, for a total value of $8,938,000.00. Following the transaction, the insider directly owned 457,220 shares in the company, valued at $102,165,809. The trade was a 8.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

SharkNinja Stock Up 3.0%

Shares of SharkNinja stock traded up $6.74 during trading on Monday, hitting $229.69. 1,739,968 shares of the stock traded hands, compared to its average volume of 1,818,733. The firm has a market cap of $32.37 billion, a P/E ratio of 38.54, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. SharkNinja, Inc. has a 52-week low of $83.21 and a 52-week high of $232.76. The stock’s fifty day simple moving average is $186.03 and its 200 day simple moving average is $145.02.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, November 4th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.44. SharkNinja had a return on equity of 28.84% and a net margin of 11.64%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted $1.50 earnings per share. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. On average, equities analysts predict that SharkNinja, Inc. will post 5.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SN has been the subject of several recent research reports. Weiss Ratings upgraded shares of SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Guggenheim upped their price target on shares of SharkNinja from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday. William Blair reiterated an “outperform” rating on shares of SharkNinja in a research note on Wednesday. TD Cowen lifted their price objective on shares of SharkNinja from $205.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, October 27th. Finally, Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday. Fourteen research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $211.39.

Hedge Funds Weigh In On SharkNinja

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in shares of SharkNinja by 108.2% during the third quarter. IFP Advisors Inc now owns 177 shares of the company’s stock valued at $32,000 after buying an additional 92 shares during the last quarter. Clearstead Trust LLC bought a new stake in shares of SharkNinja in the 2nd quarter valued at about $30,000. Richardson Financial Services Inc. grew its position in shares of SharkNinja by 36.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 199 shares of the company’s stock worth $36,000 after buying an additional 53 shares during the last quarter. Latitude Advisors LLC purchased a new position in shares of SharkNinja in the 3rd quarter worth approximately $37,000. Finally, Timbuktu Capital Management LLC bought a new position in shares of SharkNinja during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

About SharkNinja

SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels.

The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.