Blue Grotto Capital LLC Boosts Stake in SharkNinja, Inc. $SN

Blue Grotto Capital LLC boosted its holdings in SharkNinja, Inc. (NYSE:SN) by 71.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 705,556 shares of the company’s stock after purchasing an additional 295,060 shares during the period. SharkNinja accounts for 8.1% of Blue Grotto Capital LLC’s portfolio, making the stock its largest holding. Blue Grotto Capital LLC’s holdings in SharkNinja were worth $78,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SN. Larson Financial Group LLC increased its stake in SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares during the period. Transamerica Financial Advisors LLC increased its stake in SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after acquiring an additional 248 shares during the period. Los Angeles Capital Management LLC bought a new stake in SharkNinja in the fourth quarter valued at about $38,000. Sunbelt Securities Inc. bought a new stake in SharkNinja in the third quarter valued at about $46,000. Finally, Quarry LP bought a new stake in SharkNinja in the third quarter valued at about $59,000. Institutional investors own 34.77% of the company’s stock.

Insider Activity at SharkNinja

In other news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 40.80% of the stock is owned by company insiders.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $133.51 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $18.89 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.80 and a beta of 1.35. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $139.50. The firm’s 50-day moving average price is $115.85 and its two-hundred day moving average price is $115.25.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating 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 business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. SharkNinja’s 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 analysts predict that SharkNinja, Inc. will post 5.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on SN shares. JPMorgan Chase & Co. upped 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. Piper Sandler initiated coverage on shares of SharkNinja in a research note on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Canaccord Genuity Group upped their price objective on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, SharkNinja currently 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.