Cwm LLC Boosts Position in Snap Inc. $SNAP

Cwm LLC grew its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 39.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,763 shares of the company's stock after purchasing an additional 73,393 shares during the period. Cwm LLC's holdings in Snap were worth $2,240,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SNAP. Vanguard Group Inc. raised its stake in shares of Snap by 6.7% during the first quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company's stock valued at $953,601,000 after purchasing an additional 6,921,841 shares during the period. AQR Capital Management LLC raised its stake in shares of Snap by 110.4% during the first quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company's stock valued at $95,549,000 after purchasing an additional 5,930,766 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Snap by 38.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 4,777,523 shares of the company's stock valued at $41,612,000 after purchasing an additional 1,336,264 shares during the period. Invenomic Capital Management LP raised its stake in shares of Snap by 180.2% during the first quarter. Invenomic Capital Management LP now owns 1,983,447 shares of the company's stock valued at $17,276,000 after purchasing an additional 1,275,630 shares during the period. Finally, Retirement Systems of Alabama purchased a new stake in shares of Snap during the first quarter valued at approximately $7,036,000. Hedge funds and other institutional investors own 47.52% of the company's stock.

Insider Buying and Selling at Snap

In other news, General Counsel Michael J. O'sullivan sold 68,705 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.18, for a total transaction of $493,301.90. Following the completion of the transaction, the general counsel owned 2,015,624 shares of the company's stock, valued at approximately $14,472,180.32. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Derek Andersen sold 60,966 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.17, for a total transaction of $437,126.22. Following the transaction, the chief financial officer directly owned 3,143,452 shares of the company's stock, valued at approximately $22,538,550.84. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,482,331 shares of company stock worth $11,364,779. Company insiders own 22.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SNAP. Bank of America dropped their price objective on shares of Snap from $10.00 to $9.50 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Weiss Ratings restated a "sell (e+)" rating on shares of Snap in a research note on Wednesday, October 8th. Rosenblatt Securities dropped their price target on shares of Snap from $9.00 to $8.70 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Sanford C. Bernstein lifted their price target on shares of Snap from $9.00 to $10.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Finally, TD Cowen lifted their price target on shares of Snap from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.65.

Snap Stock Performance

Snap stock opened at $7.67 on Friday. The company has a market cap of $12.96 billion, a PE ratio of -23.97 and a beta of 0.71. The company has a fifty day moving average price of $7.65 and a two-hundred day moving average price of $8.27. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88. Snap Inc. has a 12 month low of $6.90 and a 12 month high of $13.28.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, hitting analysts' consensus estimates of ($0.16). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Snap had a negative net margin of 9.69% and a negative return on equity of 23.32%. The firm's revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. Research analysts expect that Snap Inc. will post -0.3 earnings per share for the current year.

About Snap

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.

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