Insider Selling: Snap (NYSE:SNAP) Insider Sells 27,595 Shares of Stock

Key Points

• Ajit Mohan, an insider at Snap Inc., sold 27,595 shares at an average price of $7.56, totaling approximately $208,618, reducing his ownership by 0.50%.
• Snap's share price is currently at $8.46, with a recent trading increase of 5.9%, despite having a 52-week low of $6.90.
• Recent analyst reports have mixed predictions, with ratings ranging from "Buy" to "Sell" and target prices varying significantly, indicating a complex outlook for the company's stock.

Snap Inc. (NYSE:SNAP - Get Free Report) insider Ajit Mohan sold 27,595 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.56, for a total value of $208,618.20. Following the transaction, the insider directly owned 5,464,411 shares in the company, valued at $41,310,947.16. This trade represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, August 18th, Ajit Mohan sold 184,287 shares of Snap stock. The stock was sold at an average price of $7.18, for a total transaction of $1,323,180.66.
• On Wednesday, July 16th, Ajit Mohan sold 28,201 shares of Snap stock. The stock was sold at an average price of $9.40, for a total transaction of $265,089.40.

Snap Trading Down 3.2%

Shares of Snap stock traded down $0.27 during trading on Friday, reaching $8.17. 194,479,450 shares of the stock were exchanged, compared to its average volume of 91,351,576. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73. Snap Inc. has a 1 year low of $6.90 and a 1 year high of $13.28. The stock's fifty day moving average is $8.13 and its 200 day moving average is $8.40. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of -25.53 and a beta of 0.62.

Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, hitting 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business posted ($0.15) earnings per share. Snap's quarterly revenue was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SNAP. NBC Securities Inc. lifted its stake in shares of Snap by 154,650.0% during the 1st 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. Signaturefd LLC lifted its stake in shares of Snap by 169.9% during the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company's stock valued at $26,000 after buying an additional 1,852 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of Snap by 155.4% during the 1st 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. Quarry LP purchased a new position in shares of Snap during the 1st quarter valued at $34,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Snap during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 47.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Cantor Fitzgerald restated a "neutral" rating and issued a $7.00 price objective on shares of Snap in a report on Wednesday, August 6th. Truist Financial decreased their target price on shares of Snap from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Wednesday, August 6th. Citigroup downgraded shares of Snap from an "outperform" rating to a "negative" rating in a research note on Tuesday, July 15th. BMO Capital Markets decreased their target price on shares of Snap from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Finally, Morgan Stanley raised their target price on shares of Snap from $6.50 to $8.50 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Four analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Snap has a consensus rating of "Hold" and a consensus price target of $35.84.

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.