Neil Shah Sells 29,667 Shares of SharkNinja (NYSE:SN) Stock

SharkNinja, Inc. (NYSE:SN) insider Neil Shah sold 29,667 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $186.76, for a total transaction of $5,540,608.92. Following the completion of the transaction, the insider owned 61,099 shares of the company’s stock, valued at approximately $11,410,849.24. The trade was a 32.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SharkNinja Trading Up 3.1%

Shares of SN stock traded up $5.58 during trading hours on Friday, reaching $185.51. 1,476,045 shares of the stock traded hands, compared to its average volume of 1,837,334. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $187.63. The business has a fifty day moving average price of $146.37 and a 200 day moving average price of $125.88. The company has a quick ratio of 1.62, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $26.13 billion, a PE ratio of 34.47, a PEG ratio of 2.36 and a beta of 1.21.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, equities research analysts forecast that SharkNinja, Inc. will post 5.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SN. TD Cowen raised their target price on SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday. Guggenheim upped their price target on SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings raised SharkNinja from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Oppenheimer boosted their price objective on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $185.82.

Institutional Trading of SharkNinja

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in SharkNinja by 21.8% in the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock worth $5,995,000 after purchasing an additional 12,851 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of SharkNinja in the 1st quarter valued at approximately $369,000. Goldman Sachs Group Inc. grew its stake in shares of SharkNinja by 169.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after buying an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in SharkNinja by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after buying an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in SharkNinja in the first quarter worth approximately $656,000. Institutional investors and hedge funds own 34.77% 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.