CTC Alternative Strategies Ltd. Purchases New Position in SharkNinja, Inc. $SN

CTC Alternative Strategies Ltd. purchased a new stake in SharkNinja, Inc. (NYSE:SN) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,200 shares of the company’s stock, valued at approximately $339,000.

Several other hedge funds have also recently bought and sold shares of SN. Wealth High Governance Capital Ltda bought a new stake in shares of SharkNinja in the 4th quarter worth about $17,072,000. Strs Ohio lifted its holdings in SharkNinja by 23.8% during the 4th quarter. Strs Ohio now owns 201,795 shares of the company’s stock valued at $22,581,000 after purchasing an additional 38,815 shares during the last quarter. Nicholas Company Inc. lifted its holdings in SharkNinja by 30.3% during the 4th quarter. Nicholas Company Inc. now owns 116,041 shares of the company’s stock valued at $12,985,000 after purchasing an additional 26,962 shares during the last quarter. Reynders McVeigh Capital Management LLC boosted its position in SharkNinja by 218.1% in the fourth quarter. Reynders McVeigh Capital Management LLC now owns 117,150 shares of the company’s stock valued at $13,109,000 after buying an additional 80,325 shares in the last quarter. Finally, K.J. Harrison & Partners Inc acquired a new position in SharkNinja in the fourth quarter valued at about $1,231,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction that occurred 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 owned 1,750 shares of the company’s stock, valued at $197,697.50. This trade 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 the SEC website. 40.80% of the stock is currently owned by corporate insiders.

SharkNinja Stock Down 0.7%

Shares of NYSE:SN opened at $162.18 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $22.95 billion, a P/E ratio of 32.70, a P/E/G ratio of 2.14 and a beta of 1.22. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $164.37. The company’s 50-day moving average price is $140.60 and its two-hundred day moving average price is $124.13.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The company’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. As a group, research analysts forecast that SharkNinja, Inc. will post 5.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on SN shares. TD Cowen upped their price objective on shares of SharkNinja from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Guggenheim lifted their target price on shares of SharkNinja from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research report on Wednesday, July 8th. Finally, Canaccord Genuity Group raised their price target on SharkNinja from $161.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.90.

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.