Snap (NYSE:SNAP) CFO Douglas Hott Sells 15,000 Shares of Stock

Snap Inc. (NYSE:SNAP) CFO Douglas Hott sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $5.02, for a total transaction of $75,300.00. Following the completion of the transaction, the chief financial officer owned 2,309,563 shares of the company’s stock, valued at $11,594,006.26. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Douglas Hott also recently made the following trade(s):

• On Monday, August 17th, Douglas Hott sold 131,884 shares of Snap stock. The stock was sold at an average price of $5.20, for a total value of $685,796.80.

Snap Stock Performance

NYSE:SNAP traded up $0.03 during trading hours on Friday, hitting $5.25. 34,943,569 shares of the stock were exchanged, compared to its average volume of 43,049,000. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 1.52. The company’s 50 day moving average is $5.71 and its two-hundred day moving average is $5.34. Snap Inc. has a twelve month low of $3.81 and a twelve month high of $9.07.

Snap (NYSE:SNAP) last released its earnings results on Wednesday, November 4th. The company reported $0.03 EPS for the quarter. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Snap had a negative return on equity of 7.10% and a negative net margin of 2.30%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm earned ($0.06) EPS. Analysts predict that Snap Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on SNAP. Zacks Research raised Snap from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Susquehanna reiterated a “neutral” rating on shares of Snap in a research report on Tuesday, August 4th. DA Davidson boosted their price target on shares of Snap from $5.00 to $5.25 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Wells Fargo & Company increased their price objective on shares of Snap from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Snap in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.31.

Hedge Funds Weigh In On Snap

Several hedge funds have recently added to or reduced their stakes in SNAP. Signaturefd LLC boosted its holdings in Snap by 68.9% during the third quarter. Signaturefd LLC now owns 5,211 shares of the company’s stock worth $28,000 after buying an additional 2,126 shares during the last quarter. NFSG Corp increased its stake in shares of Snap by 52.7% in the 1st quarter. NFSG Corp now owns 8,400 shares of the company’s stock valued at $39,000 after acquiring an additional 2,900 shares during the last quarter. Krilogy Financial LLC increased its stake in shares of Snap by 13.8% in the 3rd quarter. Krilogy Financial LLC now owns 27,789 shares of the company’s stock valued at $150,000 after acquiring an additional 3,371 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Snap by 6.5% in the 3rd quarter. Brighton Jones LLC now owns 57,178 shares of the company’s stock valued at $309,000 after acquiring an additional 3,511 shares during the last quarter. Finally, Davidson Kahn Capital Management LLC increased its stake in shares of Snap by 31.7% in the 3rd quarter. Davidson Kahn Capital Management LLC now owns 17,261 shares of the company’s stock valued at $93,000 after acquiring an additional 4,159 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

About Snap

Snap Inc. is a technology company best known for Snapchat, a mobile application for visual communication. The company’s products and services help people share photos and videos, message friends, and explore content from creators and publishers. Snapchat features include Stories, Spotlight for short-form video, Snap Map, and augmented reality tools such as interactive Lenses. Snap also provides advertising solutions to businesses and develops camera-related products and services, including its Spectacles smart glasses and Snap AR platform.