Snap Inc. (NYSE:SNAP) CFO Sells $419,441.04 in Stock

Snap Inc. (NYSE:SNAP - Get Free Report) CFO Derek Andersen sold 26,682 shares of the company's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $15.72, for a total transaction of $419,441.04. Following the completion of the sale, the chief financial officer now directly owns 2,508,007 shares of the company's stock, valued at $39,425,870.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Derek Andersen also recently made the following trade(s):

• On Monday, March 18th, Derek Andersen sold 96,953 shares of Snap stock. The shares were sold at an average price of $10.99, for a total transaction of $1,065,513.47.

Snap Price Performance

Shares of SNAP stock traded up $0.03 during trading hours on Friday, hitting $16.05. The company's stock had a trading volume of 12,172,980 shares, compared to its average volume of 31,901,766. The business has a fifty day moving average of $12.73 and a 200-day moving average of $13.53. The stock has a market cap of $26.34 billion, a price-to-earnings ratio of -19.81 and a beta of 1.02. Snap Inc. has a twelve month low of $8.28 and a twelve month high of $17.90. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 1.55.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.10. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.12 billion. Snap had a negative net margin of 26.99% and a negative return on equity of 46.62%. As a group, equities research analysts anticipate that Snap Inc. will post -0.46 EPS for the current year.

Institutional Trading of Snap

Large investors have recently modified their holdings of the business. Sowell Financial Services LLC boosted its position in Snap by 3.3% during the fourth quarter. Sowell Financial Services LLC now owns 23,139 shares of the company's stock worth $392,000 after acquiring an additional 729 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Snap by 2.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 41,245 shares of the company's stock worth $698,000 after acquiring an additional 891 shares during the last quarter. Charles Schwab Investment Advisory Inc. boosted its position in Snap by 2.7% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 35,807 shares of the company's stock worth $411,000 after acquiring an additional 956 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Snap by 3.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 31,499 shares of the company's stock worth $533,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its position in Snap by 4.5% during the third quarter. Impax Asset Management Group plc now owns 23,434 shares of the company's stock worth $209,000 after acquiring an additional 1,017 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on SNAP. Truist Financial upped their target price on shares of Snap from $12.00 to $16.00 and gave the company a "hold" rating in a report on Friday, April 26th. Barclays increased their price target on shares of Snap from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Roth Mkm reissued a "neutral" rating and set a $14.00 price target on shares of Snap in a report on Tuesday, April 23rd. Rosenblatt Securities increased their price target on shares of Snap from $12.00 to $14.00 and gave the stock a "neutral" rating in a report on Friday, April 26th. Finally, Susquehanna increased their price target on shares of Snap from $12.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $14.79.

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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