SharkNinja, Inc. $SN Shares Sold by Rock Creek Group LLC

Rock Creek Group LLC lessened its holdings in SharkNinja, Inc. (NYSE:SN) by 40.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,500 shares of the company’s stock after selling 5,000 shares during the quarter. Rock Creek Group LLC’s holdings in SharkNinja were worth $1,351,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. raised its stake in shares of SharkNinja by 2.2% during the third quarter. Harbour Investments Inc. now owns 2,149 shares of the company’s stock worth $387,000 after buying an additional 46 shares during the last quarter. Danske Bank A S boosted its stake in SharkNinja by 4.7% in the third quarter. Danske Bank A S now owns 20,100 shares of the company’s stock valued at $3,620,000 after acquiring an additional 900 shares during the last quarter. Aberdeen Group plc boosted its stake in SharkNinja by 40.4% in the third quarter. Aberdeen Group plc now owns 291,652 shares of the company’s stock valued at $52,532,000 after acquiring an additional 83,950 shares during the last quarter. Moors & Cabot Inc. bought a new position in SharkNinja in the third quarter valued at approximately $245,000. Finally, JW Asset Management LLC acquired a new stake in SharkNinja during the 3rd quarter worth $4,683,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Trading Up 2.7%

Shares of SN stock traded up $5.88 on Friday, reaching $226.01. The company had a trading volume of 1,185,940 shares, compared to its average volume of 1,522,896. The stock has a market cap of $31.85 billion, a PE ratio of 37.92, a PEG ratio of 2.44 and a beta of 1.21. The company has a 50-day moving average of $190.46 and a 200-day moving average of $147.58. 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 12 month low of $83.21 and a 12 month high of $232.76.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, November 4th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.44. SharkNinja had a net margin of 11.64% and a return on equity of 28.84%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm earned $1.50 EPS. SharkNinja’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts forecast that SharkNinja, Inc. will post 5.84 earnings per share for the current year.

Insider Buying and Selling at SharkNinja

In other news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the transaction, the insider directly owned 497,220 shares of the company’s stock, valued at $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 analysts have commented on SN shares. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 target price on shares of SharkNinja in a research report on Wednesday, November 4th. UBS Group reissued a “buy” rating and issued a $219.10 price target on shares of SharkNinja in a research note on Wednesday, August 12th. Canaccord Genuity Group raised their price target on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Guggenheim lifted their price objective on SharkNinja from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, November 9th. Finally, TD Cowen lifted their price objective on SharkNinja from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Fourteen analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $211.39.

SharkNinja Profile

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.