FACT Capital LP Buys New Position in SharkNinja, Inc. $SN

FACT Capital LP purchased a new stake in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 21,977 shares of the company’s stock, valued at approximately $2,459,000. SharkNinja comprises 1.3% of FACT Capital LP’s holdings, making the stock its 19th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Waratah Capital Advisors Ltd. grew its position in SharkNinja by 84.1% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 306,133 shares of the company’s stock worth $31,578,000 after purchasing an additional 139,858 shares during the last quarter. Wealth High Governance Capital Ltda purchased a new position in shares of SharkNinja in the fourth quarter worth $17,072,000. Dorsal Capital Management LP lifted its stake in shares of SharkNinja by 14.7% during the third quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock worth $100,571,000 after buying an additional 125,000 shares during the period. Magnetar Financial LLC acquired a new stake in shares of SharkNinja during the third quarter worth $2,859,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of SharkNinja by 76.9% during the third quarter. Envestnet Asset Management Inc. now owns 29,729 shares of the company’s stock valued at $3,067,000 after buying an additional 12,922 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Transactions at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction on 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 owned 1,750 shares in the company, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 40.80% of the company’s stock.

SharkNinja Stock Up 0.1%

Shares of SN stock opened at $140.91 on Friday. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $141.81. The stock has a market cap of $19.94 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.89 and a beta of 1.34. The stock has a 50 day moving average of $118.30 and a 200 day moving average of $116.27. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations 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 last year, the company earned $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, sell-side analysts expect that SharkNinja, Inc. will post 5.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. National Bank Financial set a $145.00 price target on SharkNinja in a research note on Tuesday, March 17th. Piper Sandler began coverage on SharkNinja in a report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Canaccord Genuity Group raised their price objective on SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

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.