NEEDHAM, MA – An entity linked to SharkNinja, Inc. (NASDAQ:SN) director and ten percent owner Wang Xuning sold 2,668,200 ordinary shares of the household appliance company on July 10, 2026. The transaction, executed at a price of $150.36 per share, totaled approximately $401,190,552. The sale comes as SharkNinja stock trades near its 52-week high of $154.03, with shares up 36% year-to-date. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value—one of several key insights available to subscribers.
The shares were sold by JS&W Group Holdings Limited Partnership, which is also a ten percent owner of SharkNinja. Wang Xuning is deemed to beneficially own these shares due to his role as the settlor of a trust that indirectly controls the general partner and holds a controlling interest in the limited partner of JS&W Group Holdings Limited Partnership. Mr. Wang, however, disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Following this transaction, JS&W Group Holdings Limited Partnership directly holds 50,639,560 ordinary shares. Separately, Wang Xuning directly holds 1,384,000 ordinary shares and indirectly holds 326,333 ordinary shares through JS&W Asset Holdings Limited Partnership. Mr. Wang’s beneficial ownership in shares held by JS&W Asset Holdings Limited Partnership is similarly structured through a trust, with a similar disclaimer of beneficial ownership beyond his pecuniary interest.
In other recent news, SharkNinja has seen several significant developments. Guggenheim has raised its price target for SharkNinja stock to $175, maintaining a Buy rating, following meetings with the company’s leadership. Piper Sandler initiated coverage with an overweight rating, setting a price target of $150, and anticipates annual sales growth of over 15% and earnings per share growth exceeding 20% in the coming years. Additionally, SharkNinja launched the FlexStyle IonCurl, a new product in its hair styling line, priced at $349.99, featuring advanced technologies aimed at improving hair styling outcomes. At the company’s 2026 Annual General Meeting, shareholders approved all board proposals, including the re-appointment of seven director nominees. These developments come as SharkNinja continues to focus on innovation and expansion within its product categories.
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