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

SharkNinja, Inc. (NYSE:SN) insider Neil Shah sold 29,667 shares of the stock in a transaction on 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 transaction, the insider owned 61,099 shares in the company, valued at approximately $11,410,849.24. This trade represents a 32.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SharkNinja Stock Up 3.1%

Shares of SharkNinja stock traded up $5.58 during midday trading on Friday, reaching $185.51. 1,476,045 shares of the company’s stock traded hands, compared to its average volume of 1,837,334. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.62 and a current ratio of 2.08. SharkNinja, Inc. has a 52 week low of $83.12 and a 52 week high of $187.63. The company’s 50 day simple moving average is $146.37 and its 200 day simple moving average is $125.88. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.21.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. SharkNinja’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities analysts expect that SharkNinja, Inc. will post 5.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of SharkNinja in the first quarter valued at about $27,000. Clearstead Trust LLC bought a new position in shares of SharkNinja in the second quarter worth about $30,000. Larson Financial Group LLC lifted its position in shares of SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 126 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after purchasing an additional 248 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in SharkNinja during the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analysts Set New Price Targets

SN has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and issued a $204.00 target price on shares of SharkNinja in a report on Thursday. Canaccord Genuity Group upped their target price on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $200.00 target price (up from $181.00) on shares of SharkNinja in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $185.82.

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.