Aberdeen Group plc Reduces Stock Holdings in SharkNinja, Inc. $SN

Aberdeen Group plc lessened its stake in SharkNinja, Inc. (NYSE:SN) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,097 shares of the company’s stock after selling 31,098 shares during the quarter. Aberdeen Group plc’s holdings in SharkNinja were worth $25,300,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Abrams Bison Investments LLC grew its stake in shares of SharkNinja by 20.3% during the second quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock valued at $175,707,000 after acquiring an additional 300,000 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in SharkNinja by 13.2% in the third quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after purchasing an additional 176,104 shares during the last quarter. Palestra Capital Management LLC boosted its holdings in SharkNinja by 10.3% in the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock valued at $143,177,000 after purchasing an additional 130,121 shares during the last quarter. Greenvale Capital LLP grew its stake in SharkNinja by 26.2% during the 2nd quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock valued at $133,636,000 after purchasing an additional 280,000 shares in the last quarter. Finally, Third Point LLC grew its stake in SharkNinja by 118.2% during the 2nd quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock valued at $118,788,000 after purchasing an additional 650,000 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Activity at SharkNinja

In related news, CFO Adam Quigley sold 2,620 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the transaction, the chief financial officer owned 8,673 shares in the company, valued at $991,844.28. The trade was a 23.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.12% of the company’s stock.

Analysts Set New Price Targets

SN has been the topic of a number of recent analyst reports. National Bank Financial set a $145.00 target price on SharkNinja in a research report on Tuesday, March 17th. Morgan Stanley set a $128.00 price target on shares of SharkNinja in a research report on Thursday, February 12th. Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research note on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.70.

SharkNinja Stock Up 0.1%

Shares of NYSE:SN opened at $104.48 on Monday. The company’s fifty day moving average is $115.20 and its two-hundred day moving average is $107.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.47 and a current ratio of 2.04. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $133.99. The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $1.40 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. Equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

SharkNinja 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.