Insider Selling: Snap Inc (SNAP) CFO Sells 22,881 Shares of Stock

Snap Inc (NYSE:SNAP) CFO Andrew Vollero sold 22,881 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $13.52, for a total transaction of $309,351.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Andrew Vollero also recently made the following trade(s):

  • On Monday, December 18th, Andrew Vollero sold 70,566 shares of Snap stock. The stock was sold at an average price of $16.09, for a total transaction of $1,135,406.94.

Shares of Snap Inc (NYSE:SNAP) traded up $0.49 during mid-day trading on Thursday, hitting $14.01. 16,298,241 shares of the stock were exchanged, compared to its average volume of 18,670,000. Snap Inc has a 52 week low of $11.28 and a 52 week high of $29.44. The firm has a market cap of $16,870.00 and a PE ratio of -4.41.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.17. Snap had a negative net margin of 463.16% and a negative return on equity of 107.36%. The company had revenue of $207.90 million during the quarter, compared to analysts’ expectations of $236.71 million. The business’s quarterly revenue was up 62.2% on a year-over-year basis. equities research analysts expect that Snap Inc will post -3.01 earnings per share for the current fiscal year.

SNAP has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed an “underperform” rating on shares of Snap in a report on Thursday, October 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of Snap in a report on Sunday, October 8th. BidaskClub downgraded shares of Snap from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Drexel Hamilton reaffirmed a “buy” rating and set a $30.00 price objective on shares of Snap in a report on Wednesday, October 4th. Finally, Vetr raised shares of Snap from a “hold” rating to a “strong-buy” rating and set a $18.29 price target for the company in a report on Thursday, October 19th. Seventeen investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.18.

Several hedge funds have recently made changes to their positions in SNAP. First Trust Advisors LP increased its position in shares of Snap by 873.8% during the 3rd quarter. First Trust Advisors LP now owns 5,884,101 shares of the company’s stock worth $85,555,000 after purchasing an additional 5,279,883 shares in the last quarter. Valiant Capital Management L.P. increased its position in shares of Snap by 379.1% during the 3rd quarter. Valiant Capital Management L.P. now owns 3,215,300 shares of the company’s stock worth $46,750,000 after purchasing an additional 2,544,200 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Snap by 73.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,529,005 shares of the company’s stock worth $65,852,000 after purchasing an additional 1,916,830 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Snap by 23.7% during the 2nd quarter. Vanguard Group Inc. now owns 8,353,729 shares of the company’s stock worth $148,446,000 after purchasing an additional 1,601,170 shares in the last quarter. Finally, State Treasurer State of Michigan acquired a new stake in shares of Snap during the 3rd quarter worth about $15,714,000. Institutional investors own 18.88% of the company’s stock.

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Snap Company Profile

Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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