Insider Selling: Snap (NYSE:SNAP) CFO Sells $137,860.80 in Stock

Snap Inc. (NYSE:SNAP) CFO Derek Andersen sold 16,412 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $8.40, for a total value of $137,860.80. Following the completion of the transaction, the chief financial officer directly owned 3,093,169 shares of the company’s stock, valued at approximately $25,982,619.60. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Derek Andersen also recently made the following trade(s):

• On Monday, November 17th, Derek Andersen sold 62,868 shares of Snap stock. The shares were sold at an average price of $8.34, for a total value of $524,319.12.
• On Tuesday, September 16th, Derek Andersen sold 33,871 shares of Snap stock. The stock was sold at an average price of $7.56, for a total value of $256,064.76.

Snap Stock Performance

Shares of SNAP stock opened at $7.80 on Friday. The company has a market capitalization of $13.40 billion, a P/E ratio of -26.88 and a beta of 0.89. Snap Inc. has a 52 week low of $6.90 and a 52 week high of $13.28. The company’s 50 day moving average price is $8.05 and its two-hundred day moving average price is $8.26. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.67 and a current ratio of 3.67.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on SNAP. Zacks Research lowered Snap from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Cantor Fitzgerald raised their target price on shares of Snap from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Evercore ISI boosted their target price on shares of Snap from $11.00 to $12.00 and gave the stock an “in-line” rating in a report on Wednesday, August 6th. UBS Group increased their price target on shares of Snap from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, New Street Research downgraded shares of Snap from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.06.

Institutional Investors Weigh In On Snap

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in Snap by 169.9% during the second quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock worth $26,000 after purchasing an additional 1,852 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Snap during the 3rd quarter worth about $33,000. Quarry LP bought a new stake in shares of Snap during the 1st quarter worth about $34,000. Itau Unibanco Holding S.A. acquired a new position in Snap in the 1st quarter valued at about $35,000. Finally, Banque Cantonale Vaudoise bought a new position in Snap in the 3rd quarter valued at about $39,000. 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.