Snap (NYSE:SNAP) Insider Ajit Mohan Sells 109,372 Shares

Snap Inc. (NYSE:SNAP) insider Ajit Mohan sold 109,372 shares of Snap stock in a transaction on Monday, November 17th. The stock was sold at an average price of $8.34, for a total transaction of $912,162.48. Following the sale, the insider owned 5,326,801 shares in the company, valued at $44,425,520.34. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, October 16th, Ajit Mohan sold 28,238 shares of Snap stock. The shares were sold at an average price of $7.83, for a total value of $221,103.54.
• 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.

Snap Stock Performance

Shares of NYSE SNAP traded down $0.20 during midday trading on Wednesday, reaching $8.05. 37,262,493 shares of the company were exchanged, compared to its average volume of 53,158,785. The stock has a market cap of $13.83 billion, a P/E ratio of -27.74 and a beta of 0.89. Snap Inc. has a 1 year low of $6.90 and a 1 year high of $13.28. The stock has a fifty day simple moving average of $8.02 and a 200 day simple moving average of $8.26. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 1.57.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Snap had a negative net margin of 8.60% and a negative return on equity of 21.61%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. Snap has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SNAP shares. BMO Capital Markets boosted their target price on Snap from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Mizuho began coverage on Snap in a report on Monday, September 29th. They issued a “neutral” rating and a $9.00 target price for the company. Truist Financial upped their price target on shares of Snap from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Citigroup increased their price target on shares of Snap from $8.50 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Snap from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Snap has a consensus rating of “Hold” and a consensus target price of $35.06.

Hedge Funds Weigh In On Snap

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNAP. Alyeska Investment Group L.P. purchased a new stake in shares of Snap in the third quarter valued at $176,697,000. Vanguard Group Inc. raised its stake in Snap by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock valued at $953,601,000 after purchasing an additional 6,921,841 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Snap by 110.4% in the 1st quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company’s stock valued at $95,549,000 after purchasing an additional 5,930,766 shares in the last quarter. Junto Capital Management LP purchased a new position in Snap in the 3rd quarter valued at about $29,071,000. Finally, Voloridge Investment Management LLC boosted its stake in shares of Snap by 53.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 10,300,911 shares of the company’s stock worth $79,420,000 after purchasing an additional 3,582,223 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

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.