Engineers Gate Manager LP Has $1.54 Million Stock Position in SharkNinja, Inc. $SN

Key Points

• Engineers Gate Manager LP cut its SharkNinja position by 90.2% in the second quarter, selling 93,327 shares and retaining 10,125 shares valued at approximately $1.54 million. Institutional investors collectively own 34.77% of the company.
• SharkNinja reported strong quarterly results, with earnings of $1.26 per share and revenue of $1.77 billion, up 22.2% year over year and above analyst expectations.
• Analysts remain bullish: twelve rate the stock a Buy and one a Hold, with an average price target of $188.59. Shares recently opened at $170.71, while insider Neil Shah sold 50,000 shares for $9.32 million.

Engineers Gate Manager LP lowered its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 90.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,125 shares of the company's stock after selling 93,327 shares during the period. Engineers Gate Manager LP's holdings in SharkNinja were worth $1,542,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SN. Integrated Wealth Concepts LLC raised its position in shares of SharkNinja by 17.3% during the second quarter. Integrated Wealth Concepts LLC now owns 5,974 shares of the company's stock worth $910,000 after purchasing an additional 879 shares during the period. Maven Securities LTD bought a new stake in SharkNinja during the 2nd quarter valued at $6,744,000. Arizona State Retirement System acquired a new position in SharkNinja during the second quarter worth $3,717,000. Corient Private Wealth LP bought a new position in shares of SharkNinja in the second quarter valued at $510,000. Finally, Wedmont Private Capital lifted its stake in shares of SharkNinja by 15.7% in the second quarter. Wedmont Private Capital now owns 5,090 shares of the company's stock valued at $777,000 after buying an additional 691 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

Shares of SN stock opened at $170.71 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The firm has a 50-day moving average of $170.00 and a 200-day moving average of $136.86. SharkNinja, Inc. has a one year low of $83.12 and a one year high of $194.54. The company has a market cap of $24.05 billion, a P/E ratio of 34.84, a P/E/G ratio of 1.98 and a beta of 1.24.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The business had revenue of $1.77 billion for 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 firm's revenue for the quarter was up 22.2% compared to the same quarter last year. 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 fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SN shares. Piper Sandler restated an "overweight" rating and issued a $200.00 target price (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. The Goldman Sachs Group reissued a "buy" rating and set a $204.00 price objective on shares of SharkNinja in a report on Thursday, August 6th. Bank of America increased their price objective on SharkNinja from $145.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their target price on SharkNinja from $170.00 to $207.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, Guggenheim upped their price target on SharkNinja from $175.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $188.59.

Insider Activity at SharkNinja

In other 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 value of $9,318,000.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 100,000 shares of company stock worth $18,613,911. 40.80% of the stock is owned by company insiders.

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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