Snap (NYSE:SNAP) CTO Robert Murphy Sells 343,945 Shares of Stock

Snap Inc. (NYSE:SNAP) CTO Robert Murphy sold 343,945 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $5.88, for a total value of $2,022,396.60. Following the completion of the sale, the chief technology officer owned 4,963,581 shares of the company’s stock, valued at $29,185,856.28. This trade represents a 6.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Snap Price Performance

Shares of NYSE SNAP opened at $5.77 on Wednesday. Snap Inc. has a twelve month low of $3.81 and a twelve month high of $10.41. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of -24.02 and a beta of 1.03. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.67. The business has a 50 day simple moving average of $5.39 and a 200-day simple moving average of $6.32.

Snap (NYSE:SNAP) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Snap had a negative net margin of 6.72% and a negative return on equity of 18.92%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Snap Inc. will post -0.06 earnings per share for the current year.

Key Snap News

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Snap, implying the company may lose less money than previously expected. The firm also lifted its Q1 2027 and Q4 2027 EPS estimates, which suggests improving profitability in some periods.
• Positive Sentiment: Zacks also increased its Q1 2028 EPS forecast for Snap, signaling a slightly better long-term earnings trajectory versus its prior view.
• Neutral Sentiment: The company still faces a weak earnings outlook overall, with Zacks projecting losses in multiple upcoming quarters and full years, including FY2027 and FY2028. That keeps expectations cautious even after a few upward revisions.
• Negative Sentiment: Zacks cut its Q3 2026, Q2 2027, and FY2027 EPS estimates, indicating analysts still see near- and medium-term profitability pressure for Snap.
• Negative Sentiment: The stock also continues to trade against a backdrop of prior earnings weakness, with Snap having recently missed EPS expectations even as revenue met estimates, which can limit investor enthusiasm. Stock page

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SNAP. Empowered Funds LLC boosted its position in Snap by 13.3% during the 1st quarter. Empowered Funds LLC now owns 40,393 shares of the company’s stock worth $352,000 after acquiring an additional 4,754 shares during the period. Prudential Financial Inc. acquired a new position in Snap during the 2nd quarter worth $136,000. Investment Management Corp of Ontario boosted its position in Snap by 104.0% during the 2nd quarter. Investment Management Corp of Ontario now owns 61,513 shares of the company’s stock worth $535,000 after acquiring an additional 31,357 shares during the period. Nebula Research & Development LLC acquired a new position in Snap during the 2nd quarter worth $1,675,000. Finally, The Manufacturers Life Insurance Company boosted its position in Snap by 52.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 89,337 shares of the company’s stock worth $776,000 after acquiring an additional 30,561 shares during the period. Institutional investors and hedge funds own 47.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SNAP shares. Morgan Stanley reduced their price objective on Snap from $9.50 to $6.50 and set an “equal weight” rating for the company in a research report on Sunday, February 22nd. Susquehanna reduced their price objective on Snap from $9.00 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Roth Mkm set a $7.00 price objective on Snap in a research report on Thursday, February 5th. Barclays upgraded Snap from an “overweight” rating to an “overweight” rating in a research report on Monday, April 27th. Finally, Royal Bank Of Canada reduced their price objective on Snap from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Snap presently has a consensus rating of “Hold” and a consensus price target of $7.91.

About Snap

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.