Atika Capital Management LLC Takes Position in SharkNinja, Inc. $SN

Atika Capital Management LLC acquired a new position in shares of SharkNinja, Inc. (NYSE:SN) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 85,500 shares of the company’s stock, valued at approximately $8,464,000. Atika Capital Management LLC owned 0.06% of SharkNinja as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SN. Harbour Investments Inc. lifted its position in shares of SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 406 shares in the last quarter. SVB Wealth LLC acquired a new stake in SharkNinja in the 1st quarter valued at $36,000. New York State Teachers Retirement System bought a new stake in SharkNinja during the 2nd quarter worth about $43,000. CWM LLC boosted its stake in shares of SharkNinja by 656.7% during the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after buying an additional 683 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of SharkNinja by 96.0% in the 1st quarter. Covestor Ltd now owns 1,258 shares of the company’s stock valued at $105,000 after acquiring an additional 616 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SN. Oppenheimer dropped their price objective on SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Guggenheim restated a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Weiss Ratings cut shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.57.

SharkNinja Price Performance

NYSE:SN opened at $96.20 on Thursday. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The firm’s 50-day simple moving average is $94.81 and its 200 day simple moving average is $102.49. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.69 and a beta of 1.51.

SharkNinja Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.