Dynamic Technology Lab Private Ltd Increases Stake in Snap Inc. $SNAP

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Snap Inc. by 96.0% during the first quarter, acquiring a total of 226,445 shares valued at approximately $1.97 million.
• Insider sales occurred as Snap's CFO and General Counsel sold a combined total of 129,671 shares on August 18th, indicating a decrease in their ownership percentages.
• Despite a 3.0% increase in stock price, Snap's 1-year price range remains between $6.90 and $13.28, with analysts maintaining a "Hold" rating on the stock, reflecting cautious sentiment.

Dynamic Technology Lab Private Ltd increased its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 96.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,445 shares of the company's stock after buying an additional 110,937 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Snap were worth $1,972,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SNAP. The Manufacturers Life Insurance Company lifted its stake in shares of Snap by 1.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 61,365 shares of the company's stock worth $661,000 after purchasing an additional 1,033 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Snap during the 4th quarter worth $157,000. AXA S.A. lifted its stake in shares of Snap by 2.9% during the 4th quarter. AXA S.A. now owns 60,706 shares of the company's stock worth $654,000 after purchasing an additional 1,727 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Snap by 2.4% during the 4th quarter. Ameriprise Financial Inc. now owns 157,118 shares of the company's stock worth $1,692,000 after purchasing an additional 3,710 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Snap by 8.0% during the 4th quarter. Captrust Financial Advisors now owns 13,918 shares of the company's stock worth $150,000 after purchasing an additional 1,030 shares during the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Snap

In other Snap news, CFO Derek Andersen sold 60,966 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.17, for a total value of $437,126.22. Following the sale, the chief financial officer directly owned 3,143,452 shares of the company's stock, valued at approximately $22,538,550.84. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Michael J. O'sullivan sold 68,705 shares of the company'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 sale, the general counsel directly owned 2,015,624 shares in the company, valued at approximately $14,472,180.32. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,510,644 shares of company stock valued at $11,688,447. Company insiders own 22.68% of the company's stock.

Snap Stock Up 3.0%

Shares of SNAP stock opened at $7.31 on Friday. The company has a market cap of $12.34 billion, a price-to-earnings ratio of -22.83 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88. The stock's fifty day moving average price is $8.45 and its 200 day moving average price is $8.57. Snap Inc. has a 1-year low of $6.90 and a 1-year high of $13.28.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on SNAP shares. Guggenheim restated a "neutral" rating on shares of Snap in a research note on Wednesday. Loop Capital lowered their target price on shares of Snap from $16.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 16th. UBS Group dropped their target price on Snap from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Rosenblatt Securities dropped their target price on Snap from $9.00 to $8.70 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $7.00 target price on shares of Snap in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $34.16.

Snap Company Profile

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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