Clal Insurance Enterprises Holdings Ltd Invests $49.01 Million in SharkNinja, Inc. $SN

Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 438,000 shares of the company’s stock, valued at approximately $49,012,000. Clal Insurance Enterprises Holdings Ltd owned approximately 0.31% of SharkNinja at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Waratah Capital Advisors Ltd. increased its position in shares of SharkNinja by 84.1% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 306,133 shares of the company’s stock valued at $31,578,000 after acquiring an additional 139,858 shares during the period. Wealth High Governance Capital Ltda acquired a new position in shares of SharkNinja in the 4th quarter valued at $17,072,000. Dorsal Capital Management LP increased its position in shares of SharkNinja by 14.7% in the 3rd quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock valued at $100,571,000 after acquiring an additional 125,000 shares during the period. Magnetar Financial LLC acquired a new position in shares of SharkNinja in the 3rd quarter valued at $2,859,000. Finally, Alliancebernstein L.P. increased its position in shares of SharkNinja by 13.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after acquiring an additional 176,104 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Trading Down 1.4%

SN stock opened at $133.73 on Friday. The company’s 50-day simple moving average is $115.27 and its 200-day simple moving average is $114.78. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. SharkNinja, Inc. has a 52-week low of $80.69 and a 52-week high of $138.00. The firm has a market cap of $18.93 billion, a P/E ratio of 26.96, a PEG ratio of 1.82 and a beta of 1.34.

SharkNinja (NYSE:SN) last posted its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted $0.87 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities analysts forecast that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at $197,697.50. This represents a 79.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 40.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SN. National Bank Financial set a $145.00 target price on SharkNinja in a research report on Tuesday, March 17th. Oppenheimer upped their price target on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Piper Sandler initiated coverage on shares of SharkNinja in a report on Tuesday. They issued an “overweight” rating and a $150.00 price target on the stock. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.00.

About SharkNinja

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.