Entropy Technologies LP Buys Shares of 14,475 SharkNinja, Inc. $SN

Entropy Technologies LP acquired a new stake in SharkNinja, Inc. (NYSE:SN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,475 shares of the company’s stock, valued at approximately $1,620,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parsifal Capital Management LP bought a new stake in SharkNinja in the third quarter worth about $111,773,000. Morgan Stanley raised its position in SharkNinja by 191.3% in the fourth 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 in the last quarter. Disciplined Growth Investors Inc. MN bought a new stake in SharkNinja in the second quarter worth about $46,048,000. CI Investments Inc. raised its position in SharkNinja by 172,766.9% in the fourth quarter. CI Investments Inc. now owns 459,826 shares of the company’s stock worth $51,455,000 after acquiring an additional 459,560 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in SharkNinja in the third quarter worth about $46,772,000. 34.77% of the stock is currently owned by institutional investors.

Insider Transactions at SharkNinja

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SN shares. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. National Bank Financial set a $145.00 target price on SharkNinja in a research report on Tuesday, March 17th. Finally, Piper Sandler initiated coverage on SharkNinja in a research report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Stock Performance

Shares of NYSE SN opened at $133.51 on Tuesday. The business has a fifty day simple moving average of $115.85 and a 200 day simple moving average of $115.25. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm has a market capitalization 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, Inc. has a one year low of $83.12 and a one year high of $139.50.

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