Neil Shah Sells 50,000 Shares of SharkNinja (NYSE:SN) Stock

Key Points

• Insider sale: Neil Shah sold 50,000 SharkNinja shares for approximately $9.32 million at an average price of $186.36, reducing his direct stake by 9.14% to 497,220 shares.
• Strong quarterly performance: SharkNinja reported $1.26 in quarterly EPS, beating estimates by $0.15, while revenue rose 22.2% year over year to $1.77 billion.
• Analyst support remains positive: Twelve analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $188.59.

SharkNinja, Inc. (NYSE:SN - Get Free Report) insider Neil Shah sold 50,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider directly owned 497,220 shares in the company, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SharkNinja Stock Down 0.7%

Shares of NYSE:SN traded down $1.33 during midday trading on Friday, hitting $191.53. 1,319,906 shares of the company's stock traded hands, compared to its average volume of 1,848,425. The firm's fifty day moving average price is $162.23 and its two-hundred day moving average price is $132.27. 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, Inc. has a twelve month low of $83.12 and a twelve month high of $194.54. The company has a market cap of $26.98 billion, a PE ratio of 39.09, a P/E/G ratio of 2.23 and a beta of 1.21.

SharkNinja (NYSE:SN - Get Free Report) last announced 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. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $0.97 EPS. The firm's quarterly 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. On average, equities research analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SN. Clearstead Trust LLC acquired a new stake in SharkNinja during the 2nd quarter valued at approximately $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of SharkNinja in the 1st quarter valued at approximately $27,000. Timbuktu Capital Management LLC acquired a new position in shares of SharkNinja in the 2nd quarter valued at approximately $40,000. Transamerica Financial Advisors LLC boosted its stake in shares of SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company's stock valued at $34,000 after buying an additional 248 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company's stock valued at $33,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Analysts Set New Price Targets

SN has been the subject of a number of recent research reports. UBS Group reiterated a "buy" rating and issued a $219.10 target price on shares of SharkNinja in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upped their price target on SharkNinja from $170.00 to $207.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $200.00 price objective (up from $181.00) on shares of SharkNinja in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of SharkNinja from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $204.00 target price on shares of SharkNinja 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $188.59.

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.

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