Adam Quigley Sells 2,620 Shares of SharkNinja (NYSE:SN) Stock

SharkNinja, Inc. (NYSE:SN) CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total value of $299,623.20. Following the completion of the transaction, the chief financial officer directly owned 8,673 shares of the company’s stock, valued at $991,844.28. This represents a 23.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

SharkNinja Stock Performance

SN opened at $111.05 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.26 and a current ratio of 2.04. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $133.99. The firm has a market cap of $15.68 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.52 and a beta of 1.39. The business’s fifty day moving average is $121.39 and its 200-day moving average is $109.69.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the company posted $1.40 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. Sell-side analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SN shares. Jefferies Financial Group restated a “buy” rating and set a $200.00 price objective on shares of SharkNinja in a research report on Wednesday, February 11th. Guggenheim boosted their target price on SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Morgan Stanley set a $128.00 target price on shares of SharkNinja in a report on Thursday, February 12th. Oppenheimer raised their price target on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Bank of America lifted their price target on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and an average price target of $145.78.

Hedge Funds Weigh In On SharkNinja

A number of hedge funds have recently made changes to their positions in SN. Geneos Wealth Management Inc. acquired a new stake in SharkNinja during the 3rd quarter valued at approximately $29,000. Transamerica Financial Advisors LLC increased its position in shares of SharkNinja by 459.3% during the fourth 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 period. Larson Financial Group LLC raised its stake in SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after buying an additional 126 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in SharkNinja in the fourth quarter valued at $38,000. Finally, Sunbelt Securities Inc. acquired a new position in SharkNinja in the third quarter valued at $46,000. 34.77% of the stock is currently owned by institutional investors.

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.