Ogborne Capital Management LLC trimmed its stake in shares of SharkNinja, Inc. (NYSE:SN – Free Report) by 96.7% in the 4th quarter, HoldingsChannel reports. The firm owned 5,000 shares of the company’s stock after selling 145,000 shares during the period. SharkNinja makes up 0.2% of Ogborne Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Ogborne Capital Management LLC’s holdings in SharkNinja were worth $560,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 126 shares in the last quarter. Transamerica Financial Advisors LLC grew its stake in SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after purchasing an additional 248 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in SharkNinja during the 4th quarter worth $38,000. Sunbelt Securities Inc. acquired a new position in SharkNinja during the 3rd quarter worth $46,000. Finally, Quarry LP acquired a new position in SharkNinja during the 3rd quarter worth $59,000. 34.77% of the stock is owned by institutional investors and hedge funds.
SharkNinja Stock Down 0.2%
SN opened at $133.51 on Tuesday. The business has a 50 day moving average price of $115.85 and a two-hundred day moving average price of $115.25. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $18.89 billion, a PE ratio of 26.92, a P/E/G ratio of 1.80 and a beta of 1.35. SharkNinja, Inc. has a 52 week low of $83.12 and a 52 week high of $139.50.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on SN shares. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. upped their price objective on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Piper Sandler started coverage on SharkNinja in a research report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a research report on Friday, April 10th. Finally, National Bank Financial set a $145.00 price objective on SharkNinja in a research 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.
Read Our Latest Report on SharkNinja
Insider Buying and Selling
In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available at the SEC website. 40.80% of the stock is currently owned by corporate insiders.
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.
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