Munro Partners Purchases 752,846 Shares of SharkNinja, Inc. $SN

Munro Partners increased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 2,371.9% during the 4th quarter, Holdings Channel reports. The fund owned 784,586 shares of the company’s stock after acquiring an additional 752,846 shares during the period. SharkNinja comprises approximately 2.3% of Munro Partners’ investment portfolio, making the stock its 19th largest position. Munro Partners’ holdings in SharkNinja were worth $87,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. Alliancebernstein L.P. grew its position in SharkNinja by 13.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after purchasing an additional 176,104 shares during the period. Palestra Capital Management LLC boosted its holdings in shares of SharkNinja by 10.3% in the 3rd quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after buying an additional 130,121 shares during the last quarter. Parsifal Capital Management LP purchased a new position in shares of SharkNinja in the 3rd quarter worth about $111,773,000. Morgan Stanley boosted its holdings in shares of SharkNinja by 191.3% in the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after buying an additional 709,494 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of SharkNinja by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,070,798 shares of the company’s stock worth $119,847,000 after buying an additional 129,196 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction on Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the sale, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 40.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on SN. 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 target on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Finally, Piper Sandler began coverage on shares of SharkNinja in a research report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Stock Down 0.2%

Shares of SharkNinja stock opened at $133.51 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. SharkNinja, Inc. has a 52-week low of $83.12 and a 52-week high of $139.50. The stock has a market capitalization of $18.89 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.80 and a beta of 1.35. The company’s 50 day moving average price is $115.85 and its 200-day moving average price is $115.25.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business earned $0.87 earnings per share. 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. Equities research analysts forecast that SharkNinja, Inc. will post 5.74 EPS for the current year.

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.