Insider Selling: Snap (NYSE:SNAP) CAO Sells 2,501 Shares of Stock

Key Points

• Rebecca Morrow, Snap's Chief Accounting Officer, sold 2,501 shares at an average price of $7.56, reducing her ownership in the company to 479,302 shares.
• Snap reported earnings of ($0.16) per share, meeting expectations, with revenue up 8.7% year-over-year at $1.34 billion for the quarter.
• Analysts have given Snap a consensus rating of "Hold", with a wide range of target prices reflecting differing outlooks for the stock's performance.

Snap Inc. (NYSE:SNAP - Get Free Report) CAO Rebecca Morrow sold 2,501 shares of the business's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total value of $18,907.56. Following the completion of the transaction, the chief accounting officer directly owned 479,302 shares in the company, valued at approximately $3,623,523.12. This represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Rebecca Morrow also recently made the following trade(s):

• On Monday, August 18th, Rebecca Morrow sold 10,216 shares of Snap stock. The stock was sold at an average price of $7.17, for a total transaction of $73,248.72.

Snap Stock Performance

NYSE:SNAP traded up $0.47 during trading hours on Thursday, reaching $8.46. The stock had a trading volume of 201,940,848 shares, compared to its average volume of 83,406,992. The stock has a 50 day simple moving average of $8.15 and a 200 day simple moving average of $8.41. 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 Inc. has a 12-month low of $6.90 and a 12-month high of $13.28.

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

Wall Street Analysts Forecast Growth

SNAP has been the subject of several research reports. Zacks Research lowered Snap from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Guggenheim reaffirmed a "neutral" rating and set a $8.00 target price on shares of Snap in a report on Friday, September 12th. Rosenblatt Securities decreased their target price on shares of Snap from $9.00 to $8.70 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. JMP Securities restated a "market perform" rating on shares of Snap in a research report on Wednesday, August 6th. Finally, Piper Sandler reduced their price objective on Snap from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.84.

Institutional Trading of Snap

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in Snap by 2.4% during the 4th quarter. Ameriprise Financial Inc. now owns 157,118 shares of the company's stock valued at $1,692,000 after purchasing an additional 3,710 shares during the period. Captrust Financial Advisors increased its stake in shares of Snap by 8.0% during the fourth quarter. Captrust Financial Advisors now owns 13,918 shares of the company's stock valued at $150,000 after buying an additional 1,030 shares during the period. Focus Partners Wealth purchased a new position in shares of Snap during the fourth quarter valued at approximately $145,000. Gotham Asset Management LLC bought a new position in shares of Snap during the fourth quarter valued at approximately $339,000. Finally, Quantinno Capital Management LP lifted its stake in Snap by 13.2% in the fourth quarter. Quantinno Capital Management LP now owns 99,272 shares of the company's stock worth $1,069,000 after acquiring an additional 11,587 shares during the period. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

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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