Concorde Asset Management LLC Decreases Stock Holdings in SharkNinja, Inc. $SN

Concorde Asset Management LLC lowered its position in shares of SharkNinja, Inc. (NYSE:SN) by 54.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,365 shares of the company’s stock after selling 6,471 shares during the period. Concorde Asset Management LLC’s holdings in SharkNinja were worth $568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in SharkNinja in the first quarter valued at $27,000. Transamerica Financial Advisors LLC lifted its holdings in 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 buying an additional 248 shares during the last quarter. Larson Financial Group LLC boosted 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 acquiring an additional 126 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of SharkNinja during the 4th quarter worth about $38,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of SharkNinja in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Buying and Selling

In related news, CFO Adam Quigley sold 6,923 shares of the company’s 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 owned 1,750 shares in the company, valued at $197,697.50. This represents a 79.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 40.80% of the stock is currently owned by company insiders.

SharkNinja Stock Down 0.7%

SharkNinja stock opened at $162.18 on Friday. SharkNinja, Inc. has a fifty-two week low of $83.12 and a fifty-two week high of $164.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The company has a market capitalization of $22.95 billion, a P/E ratio of 32.70, a PEG ratio of 2.12 and a beta of 1.22. The stock has a 50-day simple moving average of $140.60 and a 200-day simple moving average of $124.13.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities research analysts expect that SharkNinja, Inc. will post 5.77 earnings per share for the current year.

Wall Street Analyst Weigh In

SN has been the topic of several research analyst reports. TD Cowen raised their target price on SharkNinja from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Piper Sandler increased their price target on shares of SharkNinja from $150.00 to $181.00 and gave the company an “overweight” rating in a research note on Wednesday. Guggenheim raised their price objective on shares of SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $161.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and a consensus target price of $167.90.

SharkNinja 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.