14,321 Shares in SharkNinja, Inc. $SN Bought by Andra AP fonden

Key Points

• Andra AP fonden purchased 14,321 SharkNinja shares in the second quarter, worth approximately $2.18 million. Institutional investors collectively own 34.77% of the company.
• SharkNinja insiders have been selling shares: Neil Shah sold 50,000 shares for $9.32 million, while insiders sold 100,000 shares worth $18.61 million over the past 90 days.
• Analysts remain broadly positive, with 12 Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $188.59. The company also exceeded quarterly expectations, reporting $1.26 EPS and $1.77 billion in revenue.

Andra AP fonden purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,321 shares of the company's stock, valued at approximately $2,181,000.

Several other hedge funds also recently added to or reduced their stakes in SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in SharkNinja in the first quarter valued at approximately $27,000. Clearstead Trust LLC purchased a new position in shares of SharkNinja in the second quarter valued at $30,000. Timbuktu Capital Management LLC purchased a new position in shares of SharkNinja in the second quarter valued at $40,000. Harbor Investment Advisory LLC acquired a new stake in SharkNinja during the 2nd quarter valued at $70,000. Finally, EverSource Wealth Advisors LLC increased its stake in SharkNinja by 16.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company's stock worth $97,000 after buying an additional 123 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Neil Shah sold 50,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider 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 through this hyperlink. Over the last 90 days, insiders sold 100,000 shares of company stock valued at $18,613,911. Company insiders own 40.80% of the company's stock.

Analyst Ratings Changes

SN has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on SharkNinja from $170.00 to $207.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Guggenheim raised their price objective on SharkNinja from $175.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. UBS Group restated a "buy" rating and set a $219.10 price objective on shares of SharkNinja in a report on Wednesday, August 12th. Finally, Weiss Ratings raised SharkNinja from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 17th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, SharkNinja has an average rating of "Moderate Buy" and an average target price of $188.59.

SharkNinja Stock Performance

Shares of SN opened at $168.55 on Thursday. The stock has a market capitalization of $23.74 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24. The business's fifty day moving average price is $171.69 and its 200 day moving average price is $138.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. SharkNinja, Inc. has a 12-month low of $83.12 and a 12-month high of $194.54.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.15. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 5.89 EPS for the current year.

SharkNinja Profile

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances and household products. Its portfolio is organized primarily around the Shark and Ninja brands, which are sold through retailers, e-commerce channels and other distribution partners.

Shark products include vacuum cleaners, floor-care systems, air purifiers, beauty appliances and other home-cleaning solutions. Ninja products include blenders, food processors, air fryers, coffee and beverage systems, cookware, ovens, grills and other kitchen appliances.

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