SharkNinja, Inc. $SN Shares Acquired by Blue Grotto Capital LLC

Blue Grotto Capital LLC lifted its holdings in SharkNinja, Inc. (NYSE:SN) by 71.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 705,556 shares of the company’s stock after purchasing an additional 295,060 shares during the period. SharkNinja accounts for about 8.1% of Blue Grotto Capital LLC’s investment portfolio, making the stock its biggest holding. Blue Grotto Capital LLC owned approximately 0.50% of SharkNinja worth $78,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Alliancebernstein L.P. lifted its stake 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 purchasing an additional 176,104 shares during the last quarter. Palestra Capital Management LLC lifted its stake in shares of SharkNinja by 10.3% in the 3rd 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. Parsifal Capital Management LP acquired a new stake in shares of SharkNinja in the 3rd quarter valued at $111,773,000. Morgan Stanley raised its holdings in SharkNinja by 191.3% in the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after acquiring an additional 709,494 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in SharkNinja by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,070,798 shares of the company’s stock worth $119,847,000 after acquiring an additional 129,196 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the business’s 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 transaction, the chief financial officer owned 1,750 shares in the company, valued at approximately $197,697.50. The trade was a 79.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 40.80% of the company’s stock.

SharkNinja Stock Performance

NYSE:SN opened at $133.51 on Tuesday. The firm’s 50-day moving average is $115.85 and its 200-day moving average is $115.25. SharkNinja, Inc. has a 52-week low of $83.12 and a 52-week high of $139.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The company has a market cap of $18.89 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.80 and a beta of 1.35.

SharkNinja (NYSE:SN) last posted its quarterly earnings data 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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities research analysts anticipate that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Piper Sandler started coverage on shares of SharkNinja in a report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 target price on the stock. Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, National Bank Financial set a $145.00 target price on shares of SharkNinja in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.