SharkNinja, Inc. $SN Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC grew its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 174.4% in the third quarter, Holdings Channel reports. The institutional investor owned 6,108 shares of the company’s stock after acquiring an additional 3,882 shares during the period. Sterling Capital Management LLC’s holdings in SharkNinja were worth $1,100,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SN. WINTON GROUP Ltd bought a new position in SharkNinja during the 2nd quarter valued at $2,463,000. Saudi Central Bank purchased a new position in SharkNinja during the 2nd quarter worth $908,000. Raiffeisen Bank International AG boosted its holdings in SharkNinja by 170.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 216,632 shares of the company’s stock worth $31,711,000 after acquiring an additional 136,632 shares during the last quarter. Tidal Investments LLC boosted its holdings in SharkNinja by 25.1% during the 2nd quarter. Tidal Investments LLC now owns 73,873 shares of the company’s stock worth $11,249,000 after acquiring an additional 14,803 shares during the last quarter. Finally, Arizona State Retirement System bought a new stake in shares of SharkNinja in the 2nd quarter worth $3,717,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the sale, the insider directly owned 497,220 shares in the company, valued at $92,661,919.20. The trade was a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 100,000 shares of company stock worth $18,613,911. Company insiders own 40.80% of the company’s stock.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $198.71 on Tuesday. The business’s fifty day simple moving average is $180.93 and its 200 day simple moving average is $140.67. The firm has a market capitalization of $27.99 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.27. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $200.38. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.15. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Monday, October 19th. TD Cowen raised their price target on shares of SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Oppenheimer boosted their price target on shares of SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Weiss Ratings raised shares of SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Finally, UBS Group reaffirmed a “buy” rating and issued a $219.10 price objective on shares of SharkNinja in a research report on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $189.92.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company’s portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.