Snap (NYSE:SNAP) Insider Ajit Mohan Sells 28,238 Shares

Key Points

• Snap Inc. insider Ajit Mohan sold 28,238 shares of the company's stock at an average price of $7.83, totaling about $221,103.
• The company's stock has a current market capitalization of $13.07 billion and a price-to-earnings ratio of -24.17, with trading around $7.74.
• Several equities research analysts have updated their ratings on Snap, with TD Cowen increasing their price target from $9.00 to $10.00, while also maintaining a "hold" rating.

Snap Inc. (NYSE:SNAP - Get Free Report) insider Ajit Mohan sold 28,238 shares of the company's stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $7.83, for a total transaction of $221,103.54. Following the transaction, the insider owned 5,436,173 shares of the company's stock, valued at $42,565,234.59. This represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, September 16th, Ajit Mohan sold 27,595 shares of Snap stock. The stock was sold at an average price of $7.56, for a total transaction of $208,618.20.
• 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.

Snap Price Performance

SNAP stock traded up $0.09 during trading on Monday, hitting $7.74. The company had a trading volume of 28,500,934 shares, compared to its average volume of 52,757,742. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of -24.17 and a beta of 0.71. The business has a 50 day moving average of $7.65 and a 200 day moving average of $8.27. Snap Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73.

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

Institutional Investors Weigh In On Snap

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC raised its holdings in Snap by 169.9% during the second quarter. Signaturefd LLC now owns 2,942 shares of the company's stock valued at $26,000 after acquiring an additional 1,852 shares during the period. Quarry LP bought a new stake in Snap during the first quarter valued at about $34,000. Itau Unibanco Holding S.A. bought a new stake in Snap during the first quarter valued at about $35,000. Wealth Preservation Advisors LLC bought a new stake in Snap during the first quarter valued at about $44,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Snap in the first quarter worth about $52,000. 47.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SNAP shares. TD Cowen upped their price objective on shares of Snap from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Tuesday, July 15th. Guggenheim reissued a "neutral" rating and issued a $8.00 price target on shares of Snap in a report on Friday, September 12th. JMP Securities reissued a "market perform" rating on shares of Snap in a report on Wednesday, August 6th. Rosenblatt Securities cut their price target on shares of Snap from $9.00 to $8.70 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Finally, Evercore ISI upped their price target on shares of Snap from $11.00 to $12.00 and gave the company an "in-line" rating in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Snap has a consensus rating of "Hold" and a consensus price target of $34.63.

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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