Baker Chad R Buys Shares of 19,000 SharkNinja, Inc. $SN

Baker Chad R purchased a new position in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,000 shares of the company’s stock, valued at approximately $2,160,000.

Several other hedge funds also recently made changes to their positions in SN. Abrams Bison Investments LLC boosted its stake in SharkNinja by 20.3% in the 2nd quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock worth $175,707,000 after purchasing an additional 300,000 shares during the period. Alliancebernstein L.P. boosted its position in shares of SharkNinja by 13.2% in the third quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after acquiring an additional 176,104 shares during the period. Palestra Capital Management LLC grew its stake in SharkNinja by 10.3% during the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock valued at $143,177,000 after acquiring an additional 130,121 shares in the last quarter. Greenvale Capital LLP grew its stake in SharkNinja by 26.2% during the second quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock valued at $133,636,000 after acquiring an additional 280,000 shares in the last quarter. Finally, Third Point LLC increased its holdings in SharkNinja by 118.2% during the 2nd quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock worth $118,788,000 after acquiring an additional 650,000 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SN has been the subject of several analyst reports. National Bank Financial set a $145.00 price target on shares of SharkNinja in a report on Tuesday, March 17th. TD Cowen reaffirmed a “buy” rating on shares of SharkNinja in a report on Wednesday, January 14th. Morgan Stanley set a $128.00 price objective on SharkNinja in a research report on Thursday, February 12th. Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. boosted their target price on SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.70.

Insider Activity

In related news, 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 transaction, the chief financial officer directly owned 8,673 shares of the company’s stock, valued at $991,844.28. The trade was 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 through this link. Corporate insiders own 11.12% of the company’s stock.

SharkNinja Trading Down 2.7%

NYSE SN opened at $104.58 on Friday. The firm has a market cap of $14.77 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $133.99. The stock has a 50-day moving average of $117.74 and a 200-day moving average of $108.45. The company has a current ratio of 2.04, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26.

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

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.