Snap Inc (NYSE:SNAP) VP Jerry James Hunter sold 8,097 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $13.89, for a total value of $112,467.33. Following the completion of the sale, the vice president now owns 1,562,002 shares in the company, valued at approximately $21,696,207.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jerry James Hunter also recently made the following trade(s):

  • On Friday, August 16th, Jerry James Hunter sold 73,456 shares of Snap stock. The shares were sold at an average price of $16.05, for a total value of $1,178,968.80.
  • On Tuesday, August 20th, Jerry James Hunter sold 117,782 shares of Snap stock. The shares were sold at an average price of $16.10, for a total value of $1,896,290.20.

SNAP opened at $13.52 on Monday. The firm has a market cap of $19.01 billion, a P/E ratio of -13.94 and a beta of 1.11. Snap Inc has a 52-week low of $4.82 and a 52-week high of $18.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 4.53 and a current ratio of 4.53. The business’s fifty day moving average is $15.51 and its 200-day moving average is $14.14.

Snap (NYSE:SNAP) last released its earnings results on Tuesday, July 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.02. The company had revenue of $388.02 million for the quarter, compared to analyst estimates of $358.16 million. Snap had a negative return on equity of 46.46% and a negative net margin of 77.54%. Snap’s quarterly revenue was up 48.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.14) EPS. On average, research analysts predict that Snap Inc will post -0.71 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. Credit Suisse Group increased their price objective on Snap from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Citigroup increased their price objective on Snap from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Morgan Stanley upgraded Snap from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $14.00 to $17.00 in a research report on Friday, October 4th. SunTrust Banks increased their price objective on Snap from $11.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, UBS Group upgraded Snap from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $8.00 to $16.00 in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.48.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Snap by 12.0% during the 2nd quarter. Vanguard Group Inc. now owns 59,173,892 shares of the company’s stock worth $846,186,000 after purchasing an additional 6,320,561 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Snap by 34.1% during the 2nd quarter. BlackRock Inc. now owns 21,849,669 shares of the company’s stock worth $312,449,000 after purchasing an additional 5,561,652 shares in the last quarter. Morgan Stanley grew its holdings in shares of Snap by 72.2% during the 2nd quarter. Morgan Stanley now owns 4,829,674 shares of the company’s stock worth $69,064,000 after purchasing an additional 2,025,709 shares in the last quarter. Hillhouse Capital Advisors LTD. acquired a new stake in shares of Snap during the 2nd quarter worth $63,862,000. Finally, Whale Rock Capital Management LLC grew its holdings in shares of Snap by 14.1% during the 2nd quarter. Whale Rock Capital Management LLC now owns 4,054,209 shares of the company’s stock worth $57,975,000 after purchasing an additional 501,807 shares in the last quarter. 26.88% of the stock is currently owned by institutional investors.

Snap Company Profile

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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