Snap Inc (NYSE:SNAP) insider Jared Grusd sold 30,864 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $15.32, for a total value of $472,836.48. Following the transaction, the insider now directly owns 2,553,599 shares in the company, valued at approximately $39,121,136.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Shares of SNAP opened at $14.02 on Friday. Snap Inc has a twelve month low of $4.82 and a twelve month high of $16.24. The firm has a 50 day simple moving average of $14.29. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of -14.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.75 and a quick ratio of 4.75.

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

Hedge funds have recently bought and sold shares of the company. Providence Capital Advisors LLC acquired a new stake in shares of Snap during the 1st quarter valued at approximately $32,000. Valeo Financial Advisors LLC lifted its position in shares of Snap by 400.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,500 shares of the company’s stock valued at $36,000 after acquiring an additional 2,000 shares during the period. TCI Wealth Advisors Inc. lifted its position in shares of Snap by 70.0% during the 1st quarter. TCI Wealth Advisors Inc. now owns 3,400 shares of the company’s stock valued at $37,000 after acquiring an additional 1,400 shares during the period. NEXT Financial Group Inc lifted its position in shares of Snap by 76.6% during the 2nd quarter. NEXT Financial Group Inc now owns 4,503 shares of the company’s stock valued at $64,000 after acquiring an additional 1,953 shares during the period. Finally, Two Sigma Securities LLC lifted its position in shares of Snap by 168.9% during the 4th quarter. Two Sigma Securities LLC now owns 15,157 shares of the company’s stock valued at $84,000 after acquiring an additional 37,157 shares during the period. Institutional investors own 25.81% of the company’s stock.

A number of equities analysts recently issued reports on SNAP shares. Deutsche Bank raised their price target on Snap from $10.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, April 5th. ValuEngine raised Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. Royal Bank of Canada raised Snap from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $10.00 to $17.00 in a report on Friday, April 5th. BTIG Research raised their price target on Snap from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, Summit Insights raised Snap from a “sell” rating to a “hold” rating and set a $11.50 price target on the stock in a report on Friday, April 5th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price 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.

Further Reading: Bollinger Bands

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

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