Insider Selling: Snap (NYSE:SNAP) Insider Sells 6,797 Shares of Stock

Key Points

• Snap insider Ajit Mohan sold 6,797 shares at an average price of $5.82, generating $39,558.54. The sale covered tax-withholding obligations tied to vested equity awards and reduced his ownership by 0.14%.
• Snap shares fell 2.2% to $5.53, while the company reported quarterly revenue of $1.60 billion and an adjusted loss of $0.10 per share, both better than analysts’ expectations. Revenue increased 18.9% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $7.65, reflecting cautious optimism as Snap continues to operate at a loss and seeks to scale its AI and augmented-reality initiatives.

Snap Inc. (NYSE:SNAP - Get Free Report) insider Ajit Mohan sold 6,797 shares of Snap stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $5.82, for a total transaction of $39,558.54. Following the transaction, the insider directly owned 4,965,300 shares in the company, valued at approximately $28,898,046. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ajit Mohan also recently made the following trade(s):

• On Monday, August 17th, Ajit Mohan sold 54,608 shares of Snap stock. The stock was sold at an average price of $5.20, for a total transaction of $283,961.60.

Snap Stock Down 2.2%

Snap stock traded down $0.12 during mid-day trading on Friday, reaching $5.53. 29,411,098 shares of the company were exchanged, compared to its average volume of 34,956,776. The business has a fifty day moving average of $5.20 and a 200 day moving average of $5.19. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market cap of $9.34 billion, a P/E ratio of -30.69 and a beta of 1.05. Snap Inc. has a 12-month low of $3.81 and a 12-month high of $9.28.

Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. Snap had a negative return on equity of 14.61% and a negative net margin of 4.90%.The business's revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business posted ($0.16) EPS. Research analysts anticipate that Snap Inc. will post -0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNAP has been the subject of several analyst reports. UBS Group set a $6.00 price target on shares of Snap in a research report on Tuesday, August 4th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Snap in a research report on Tuesday, August 4th. Mizuho boosted their price objective on shares of Snap from $5.00 to $6.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. Citigroup increased their target price on shares of Snap from $6.50 to $6.75 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Finally, DA Davidson raised their target price on shares of Snap from $5.00 to $5.25 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, twenty-four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.65.

Institutional Investors Weigh In On Snap

Several institutional investors have recently added to or reduced their stakes in SNAP. Empyrean Capital Partners LP acquired a new stake in Snap in the 1st quarter worth approximately $25,300,000. Assenagon Asset Management S.A. grew its position in Snap by 1,191.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,903,141 shares of the company's stock worth $17,330,000 after purchasing an additional 3,601,002 shares during the last quarter. Saba Capital Management L.P. increased its stake in Snap by 232.5% during the 1st quarter. Saba Capital Management L.P. now owns 4,727,808 shares of the company's stock valued at $21,748,000 after purchasing an additional 3,306,024 shares in the last quarter. SG Americas Securities LLC increased its stake in Snap by 44.7% during the 1st quarter. SG Americas Securities LLC now owns 4,535,783 shares of the company's stock valued at $20,865,000 after purchasing an additional 1,401,178 shares in the last quarter. Finally, Riposte Capital LLC purchased a new position in shares of Snap in the first quarter worth $5,520,000. Institutional investors and hedge funds own 47.52% of the company's stock.

Trending Headlines about Snap

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Snap introduced SPECS Intelligence, an anticipatory AI service designed for its $2,000 SPECS AR glasses, iPhones and Macs. The service uses connected apps and personal context to help users manage tasks and goals, positioning Snap in the increasingly competitive consumer AI market. Snap Introduces SPECS Intelligence
• Positive Sentiment: The company expanded SPECS trials and announced enterprise partnerships with NVIDIA, Amazon Web Services and Salesforce, targeting industrial, retail and field-service applications. Enterprise adoption could broaden Snap’s revenue base beyond consumer advertising if the trials convert into commercial deployments. Snap Enterprise AI Partnerships
• Positive Sentiment: Snap emphasized privacy controls for SPECS Intelligence and plans to begin consumer trials on October 1. The privacy-first positioning and new charging case with cellular connectivity may help support adoption. SPECS Experiences and Partnerships
• Neutral Sentiment: Royal Bank of Canada reaffirmed a “Sector Perform” rating but set an $8 price target, implying substantial potential upside from recent trading levels while signaling a lack of strong near-term conviction.
• Neutral Sentiment: Unusual options activity showed call purchases above typical levels, indicating increased speculative interest but not necessarily a fundamental improvement in Snap’s outlook.
• Negative Sentiment: Brokerages maintain a consensus “Hold” rating, underscoring investor caution as Snap continues to report losses and must prove that SPECS can scale profitably. Recent weakness while the broader market advanced also suggests the AI announcements have not yet overcome concerns about execution and monetization. Snap Consensus Hold Rating

About Snap

Snap Inc is a technology and social media company best known for Snapchat, a visual messaging and social networking application. Snapchat enables users to communicate through photos, videos, text messages and augmented reality experiences, including Lenses and filters. The platform also offers Stories, Spotlight for short-form video, Snap Map and other tools for discovering and sharing content.

Snap generates most of its business through digital advertising, including advertising displayed across Snapchat's content and communication features.

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