Snap Inc (NYSE:SNAP) insider Jared Grusd sold 30,864 shares of Snap stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $15.32, for a total transaction of $472,836.48. Following the completion of the sale, the insider now owns 2,553,599 shares of the company’s stock, valued at $39,121,136.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jared Grusd also recently made the following trade(s):

  • On Thursday, June 20th, Jared Grusd sold 30,659 shares of Snap stock. The shares were sold at an average price of $14.92, for a total transaction of $457,432.28.
  • On Monday, June 17th, Jared Grusd sold 30,875 shares of Snap stock. The shares were sold at an average price of $13.79, for a total transaction of $425,766.25.
  • On Monday, May 20th, Jared Grusd sold 61,534 shares of Snap stock. The shares were sold at an average price of $11.31, for a total transaction of $695,949.54.

Shares of NYSE SNAP traded down $0.38 during midday trading on Thursday, reaching $14.55. 18,815,822 shares of the company were exchanged, compared to its average volume of 26,610,572. The company has a current ratio of 4.75, a quick ratio of 4.75 and a debt-to-equity ratio of 0.15. Snap Inc has a one year low of $4.82 and a one year high of $16.24. The stock has a market capitalization of $20.18 billion, a PE ratio of -15.00 and a beta of 1.08. The company’s 50-day moving average price is $14.18.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Snap had a negative return on equity of 47.71% and a negative net margin of 92.94%. The business had revenue of $320.43 million during the quarter, compared to the consensus estimate of $306.28 million. During the same period in the prior year, the firm earned ($0.17) EPS. The business’s revenue for the quarter was up 38.9% compared to the same quarter last year. Analysts forecast that Snap Inc will post -0.76 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of SNAP. Providence Capital Advisors LLC bought a new stake in shares of Snap in the first quarter worth $32,000. Valeo Financial Advisors LLC grew its stake in shares of Snap by 400.0% in the second quarter. Valeo Financial Advisors LLC now owns 2,500 shares of the company’s stock worth $36,000 after purchasing an additional 2,000 shares during the last quarter. TCI Wealth Advisors Inc. grew its stake in shares of Snap by 70.0% in the first quarter. TCI Wealth Advisors Inc. now owns 3,400 shares of the company’s stock worth $37,000 after purchasing an additional 1,400 shares during the last quarter. NEXT Financial Group Inc grew its stake in shares of Snap by 76.6% in the second quarter. NEXT Financial Group Inc now owns 4,503 shares of the company’s stock worth $64,000 after purchasing an additional 1,953 shares during the last quarter. Finally, Two Sigma Securities LLC grew its stake in shares of Snap by 168.9% in the fourth quarter. Two Sigma Securities LLC now owns 15,157 shares of the company’s stock worth $84,000 after purchasing an additional 37,157 shares during the last quarter. 25.81% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on SNAP shares. Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of Global Blood Therapeutics in a research note on Thursday, April 18th. ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Pivotal Research raised shares of Snap from a “hold” rating to a “buy” rating and lifted their price objective for the company from $13.25 to $17.25 in a research note on Thursday, June 6th. JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from C$56.00 to C$55.00 in a research note on Wednesday, April 24th. Finally, SunTrust Banks lifted their price objective on shares of Polaris Industries to $102.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $12.23.

About Snap

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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

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