Trexquant Investment LP grew its holdings in shares of Snap Inc. (NYSE:SNAP - Free Report) by 67.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,944,231 shares of the company's stock after purchasing an additional 779,945 shares during the period. Trexquant Investment LP owned approximately 0.12% of Snap worth $16,934,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Raiffeisen Bank International AG purchased a new stake in Snap during the fourth quarter valued at about $30,000. NBC Securities Inc. lifted its stake in Snap by 154,650.0% during the first quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock valued at $26,000 after buying an additional 3,093 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Snap by 155.4% during the first quarter. Rakuten Securities Inc. now owns 3,489 shares of the company's stock valued at $30,000 after buying an additional 2,123 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Snap during the first quarter valued at about $35,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in Snap during the first quarter valued at about $44,000. 47.52% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Snap
In related news, CTO Robert C. Murphy sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $7.80, for a total value of $7,800,000.00. Following the transaction, the chief technology officer owned 53,215,224 shares in the company, valued at approximately $415,078,747.20. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Michael J. O'sullivan sold 68,705 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.18, for a total value of $493,301.90. Following the completion of the transaction, the general counsel owned 2,015,624 shares in the company, valued at $14,472,180.32. This represents a 3.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,478,744 shares of company stock worth $11,460,754. Corporate insiders own 22.68% of the company's stock.
Snap Trading Up 1.8%
NYSE:SNAP opened at $7.12 on Friday. The stock's 50 day moving average price is $8.57 and its 200 day moving average price is $8.74. Snap Inc. has a 52 week low of $6.98 and a 52 week high of $13.28. The company has a market capitalization of $12.02 billion, a P/E ratio of -22.23 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88.
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). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The firm's revenue was up 8.7% on a year-over-year basis. Snap has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Snap Inc. will post -0.3 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Snap in a research note on Wednesday, August 6th. Zacks Research lowered shares of Snap from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Morgan Stanley increased their price target on shares of Snap from $6.50 to $8.50 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. UBS Group reduced their price target on shares of Snap from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Sanford C. Bernstein increased their price target on shares of Snap from $9.00 to $10.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. Five analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $34.16.
Check Out Our Latest Stock Analysis on Snap
About Snap
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SNAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap Inc. (NYSE:SNAP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Snap, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snap wasn't on the list.
While Snap currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
