Snap Inc. $SNAP Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in Snap Inc. by 68.9%, selling 646,877 shares, leaving them with 291,859 shares valued at approximately $2.54 million.
• Insider sales included Snap's CTO selling 1,000,000 shares for $7.80 each, totaling $7.8 million, while other insiders also reduced their stakes significantly in the recent quarter.
• Snap Inc. has a market cap of $12.61 billion and reported revenue of $1.34 billion for the recent quarter, showing an 8.7% growth from the previous year.

Acadian Asset Management LLC lessened its stake in shares of Snap Inc. (NYSE:SNAP - Free Report) by 68.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 291,859 shares of the company's stock after selling 646,877 shares during the period. Acadian Asset Management LLC's holdings in Snap were worth $2,537,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. IFM Investors Pty Ltd grew its stake in Snap by 7.4% during the 1st quarter. IFM Investors Pty Ltd now owns 203,431 shares of the company's stock valued at $1,772,000 after acquiring an additional 14,032 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co purchased a new position in Snap during the 1st quarter valued at about $1,437,000. Bayforest Capital Ltd purchased a new position in Snap during the 1st quarter valued at about $694,000. Empowered Funds LLC grew its stake in Snap by 13.3% during the 1st quarter. Empowered Funds LLC now owns 40,393 shares of the company's stock valued at $352,000 after acquiring an additional 4,754 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Snap by 96.0% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 226,445 shares of the company's stock valued at $1,972,000 after acquiring an additional 110,937 shares in the last quarter. Hedge funds and other institutional investors own 47.52% of the company's stock.

Insiders Place Their Bets

In other 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 completion of the transaction, the chief technology officer directly owned 53,215,224 shares of the company's stock, valued at approximately $415,078,747.20. This represents a 1.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ajit Mohan sold 184,287 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 $1,323,180.66. Following the completion of the transaction, the insider directly owned 5,492,006 shares of the company's stock, valued at approximately $39,432,603.08. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,432,275 shares of company stock worth $11,058,360 in the last 90 days. 22.68% of the stock is owned by corporate insiders.

Snap Trading Up 1.6%

Shares of SNAP stock opened at $7.46 on Tuesday. Snap Inc. has a 52-week low of $6.90 and a 52-week high of $13.28. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. The firm has a fifty day moving average of $8.22 and a 200-day moving average of $8.43. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of -23.31 and a beta of 0.62.

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). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the firm posted ($0.15) EPS. Snap's quarterly revenue was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SNAP. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $7.00 target price on shares of Snap in a research note on Wednesday, August 6th. BMO Capital Markets reduced their price target on Snap from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Bank of America reduced their price target on Snap from $10.00 to $9.50 and set a "neutral" rating for the company in a report on Wednesday, August 6th. UBS Group reduced their price target on Snap from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Snap in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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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