Silvant Capital Management LLC Increases Holdings in SharkNinja, Inc. $SN

Silvant Capital Management LLC raised its stake in shares of SharkNinja, Inc. (NYSE:SN) by 42.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,270 shares of the company’s stock after buying an additional 13,716 shares during the period. Silvant Capital Management LLC’s holdings in SharkNinja were worth $5,178,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Waratah Capital Advisors Ltd. raised its stake in SharkNinja by 84.1% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 306,133 shares of the company’s stock valued at $31,578,000 after buying an additional 139,858 shares during the last quarter. Wealth High Governance Capital Ltda purchased a new stake in SharkNinja during the 4th quarter valued at $17,072,000. Dorsal Capital Management LP raised its stake in SharkNinja by 14.7% during the 3rd quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock valued at $100,571,000 after buying an additional 125,000 shares during the last quarter. Magnetar Financial LLC purchased a new stake in SharkNinja during the 3rd quarter valued at $2,859,000. Finally, Envestnet Asset Management Inc. raised its stake in SharkNinja by 76.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 29,729 shares of the company’s stock valued at $3,067,000 after buying an additional 12,922 shares during the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the 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 completion of the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 40.80% of the stock is currently owned by company insiders.

SharkNinja Stock Down 0.2%

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

SharkNinja (NYSE:SN) last released 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 company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, equities research analysts forecast that SharkNinja, Inc. will post 5.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SN shares. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Piper Sandler started coverage on shares of SharkNinja in a research note on Tuesday, June 9th. They set an “overweight” rating and a $150.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group upped their price objective on SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

SharkNinja Company Profile

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.