SharkNinja, Inc. $SN Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its stake in SharkNinja, Inc. (NYSE:SN) by 25.1% in the second quarter, Holdings Channel.com reports. The firm owned 73,873 shares of the company’s stock after acquiring an additional 14,803 shares during the quarter. Tidal Investments LLC’s holdings in SharkNinja were worth $11,249,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SN. California State Teachers Retirement System boosted its holdings in shares of SharkNinja by 360,969.3% in the 2nd quarter. California State Teachers Retirement System now owns 16,486,425 shares of the company’s stock valued at $2,510,388,000 after purchasing an additional 16,481,859 shares during the last quarter. FIL Ltd increased its holdings in shares of SharkNinja by 2.2% during the 4th quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock worth $253,836,000 after buying an additional 48,163 shares during the last quarter. Palestra Capital Management LLC raised its position 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 period. Alliancebernstein L.P. raised its position in shares of SharkNinja by 39.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after buying an additional 377,544 shares during the period. Finally, Parsifal Capital Management LP acquired a new position in SharkNinja in the third quarter valued at $111,773,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Neil Shah sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the sale, the insider directly owned 497,220 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 100,000 shares of company stock valued at $18,613,911. Corporate insiders own 40.80% of the company’s stock.

SharkNinja Trading Down 0.8%

NYSE SN opened at $161.30 on Friday. The stock has a market cap of $22.72 billion, a P/E ratio of 32.92, a PEG ratio of 1.92 and a beta of 1.24. The company’s fifty day simple moving average is $168.77 and its 200-day simple moving average is $135.90. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. SharkNinja, Inc. has a 52 week low of $83.12 and a 52 week high of $194.54.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.65 billion. During the same period last year, the business earned $0.97 EPS. The business’s revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities research analysts predict that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SN has been the subject of a number of research reports. UBS Group reissued a “buy” rating and set a $219.10 price target on shares of SharkNinja in a research report on Wednesday, August 12th. Canaccord Genuity Group raised their price objective on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Guggenheim lifted their price objective on SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Piper Sandler reiterated an “overweight” rating and set a $200.00 target price (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. Finally, Bank of America increased their target price on shares of SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.59.

SharkNinja Profile

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances and household products. Its portfolio is organized primarily around the Shark and Ninja brands, which are sold through retailers, e-commerce channels and other distribution partners.

Shark products include vacuum cleaners, floor-care systems, air purifiers, beauty appliances and other home-cleaning solutions. Ninja products include blenders, food processors, air fryers, coffee and beverage systems, cookware, ovens, grills and other kitchen appliances.