5,960 Shares in SharkNinja, Inc. $SN Acquired by Saudi Central Bank

Saudi Central Bank purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,960 shares of the company's stock, valued at approximately $908,000.

A number of other large investors also recently modified their holdings of the company. Clearstead Trust LLC purchased a new stake in shares of SharkNinja during the 2nd quarter worth $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of SharkNinja in the 1st quarter valued at about $27,000. Timbuktu Capital Management LLC acquired a new stake in shares of SharkNinja during the 2nd quarter worth about $40,000. Transamerica Financial Advisors LLC raised its position in shares of SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company's stock worth $34,000 after acquiring an additional 248 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company's stock worth $33,000 after purchasing an additional 126 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of SharkNinja from $145.00 to $170.00 and gave the company an "outperform" rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of SharkNinja from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. raised their price objective on SharkNinja from $170.00 to $207.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Bank of America boosted their target price on SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Finally, Canaccord Genuity Group upped their target price on SharkNinja from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $188.59.

SharkNinja Price Performance

Shares of NYSE:SN opened at $168.79 on Thursday. SharkNinja, Inc. has a one year low of $83.12 and a one year high of $194.54. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 2.07 and a beta of 1.24. The company has a 50-day simple moving average of $168.35 and a 200-day simple moving average of $135.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. The firm 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 firm's revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, analysts predict that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Activity

In other news, insider Neil Shah sold 50,000 shares of the company'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 sale, the insider owned 497,220 shares in the company, valued at $92,661,919.20. This represents a 9.14% 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. Insiders sold a total of 100,000 shares of company stock valued at $18,613,911 over the last quarter. Insiders own 40.80% of the company's stock.

SharkNinja Company 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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