California State Teachers Retirement System Boosts Stock Position in SharkNinja, Inc. $SN

California State Teachers Retirement System boosted its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 2,271.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,271 shares of the company's stock after acquiring an additional 103,705 shares during the period. California State Teachers Retirement System owned 0.08% of SharkNinja worth $16,486,425 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of SharkNinja during the 1st quarter worth $27,000. Clearstead Trust LLC purchased a new position in shares of SharkNinja during the second quarter worth about $30,000. Timbuktu Capital Management LLC purchased a new stake in shares of SharkNinja in the second quarter valued at about $40,000. Harbor Investment Advisory LLC purchased a new stake in SharkNinja during the second quarter worth approximately $70,000. Finally, Larson Financial Group LLC grew its stake in SharkNinja by 113.7% in the fourth quarter. Larson Financial Group LLC now owns 688 shares of the company's stock worth $77,000 after purchasing an additional 366 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SharkNinja

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were 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 of the company's stock, 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 100,000 shares of company stock valued at $18,613,911 over the last three months. Corporate insiders own 40.80% of the company's stock.

SharkNinja Stock Down 1.7%

NYSE SN traded down $2.94 during trading hours on Tuesday, reaching $166.68. 1,082,651 shares of the company traded hands, compared to its average volume of 1,847,844. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $194.54. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $23.48 billion, a PE ratio of 34.00, a PEG ratio of 1.90 and a beta of 1.24. The company has a 50 day moving average of $169.19 and a two-hundred day moving average of $136.28.

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

Wall Street Analysts Forecast Growth

SN has been the topic of a number of recent analyst reports. Piper Sandler reissued an "overweight" rating and issued a $200.00 price target (up from $181.00) on shares of SharkNinja in a research report on Thursday, August 6th. The Goldman Sachs Group restated a "buy" rating and set a $204.00 price target on shares of SharkNinja in a report on Thursday, August 6th. Weiss Ratings upgraded SharkNinja from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 17th. Guggenheim raised their price objective on shares of SharkNinja from $175.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Bank of America raised their price target on SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, SharkNinja has a consensus rating of "Moderate Buy" and an average target price of $188.59.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.