Allspring Global Investments Holdings LLC Has $41.65 Million Stock Holdings in SharkNinja, Inc. $SN

Allspring Global Investments Holdings LLC raised its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 11.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 391,140 shares of the company’s stock after purchasing an additional 41,323 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in SharkNinja were worth $41,652,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of SharkNinja by 5.2% in the 3rd quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock worth $200,000 after purchasing an additional 96 shares during the last quarter. Utah Retirement Systems raised its position in shares of SharkNinja by 2.3% in the 4th quarter. Utah Retirement Systems now owns 4,417 shares of the company’s stock valued at $494,000 after acquiring an additional 98 shares during the period. World Investment Advisors raised its position in shares of SharkNinja by 4.6% in the 1st quarter. World Investment Advisors now owns 2,343 shares of the company’s stock valued at $248,000 after acquiring an additional 103 shares during the period. Xponance LLC boosted its stake in SharkNinja by 1.9% during the 4th quarter. Xponance LLC now owns 5,584 shares of the company’s stock worth $625,000 after acquiring an additional 106 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in SharkNinja by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock worth $63,000 after acquiring an additional 110 shares during 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 6,923 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. The trade was a 79.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 40.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $161.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 13th. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $146.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday. 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 restated a “hold (c+)” rating on shares of SharkNinja in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $162.30.

SharkNinja Price Performance

NYSE SN opened at $154.54 on Friday. 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 stock has a market cap of $21.87 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.07 and a beta of 1.22. The business has a 50 day simple moving average of $131.20 and a 200 day simple moving average of $121.43. SharkNinja, Inc. has a 52-week low of $83.12 and a 52-week high of $156.87.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Analysts anticipate that SharkNinja, Inc. will post 5.76 earnings per share for the current fiscal 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.