Snap Inc. (SNAP) VP Sells $151,872.56 in Stock

Snap Inc. (NYSE:SNAP) VP Lara Sweet sold 10,388 shares of Snap stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $14.62, for a total transaction of $151,872.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lara Sweet also recently made the following trade(s):

  • On Thursday, April 19th, Lara Sweet sold 18,910 shares of Snap stock. The stock was sold at an average price of $15.00, for a total transaction of $283,650.00.
  • On Tuesday, February 20th, Lara Sweet sold 1,280 shares of Snap stock. The stock was sold at an average price of $18.88, for a total transaction of $24,166.40.
  • On Friday, February 16th, Lara Sweet sold 863 shares of Snap stock. The stock was sold at an average price of $20.25, for a total transaction of $17,475.75.

SNAP opened at $15.20 on Friday. Snap Inc. has a 1 year low of $11.28 and a 1 year high of $23.57. The firm has a market capitalization of $17,976.03 and a P/E ratio of -7.31.

Snap (NYSE:SNAP) last posted its earnings results on Tuesday, February 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.06. Snap had a negative net margin of 417.61% and a negative return on equity of 100.64%. The firm had revenue of $285.69 million during the quarter, compared to analysts’ expectations of $251.74 million. research analysts anticipate that Snap Inc. will post -1.17 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Garde Capital Inc. acquired a new position in shares of Snap in the 4th quarter valued at $160,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Snap by 23.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 66,632 shares of the company’s stock worth $973,000 after buying an additional 12,537 shares in the last quarter. Banco de Sabadell S.A purchased a new stake in shares of Snap during the fourth quarter worth $181,000. Laurel Wealth Advisors Inc. purchased a new stake in shares of Snap during the fourth quarter worth $279,000. Finally, EMS Capital LP purchased a new stake in shares of Snap during the fourth quarter worth $41,200,000. Hedge funds and other institutional investors own 18.56% of the company’s stock.

SNAP has been the topic of a number of analyst reports. Vetr raised shares of Snap from a “buy” rating to a “strong-buy” rating and set a $23.05 price objective on the stock in a research report on Tuesday, February 20th. Credit Suisse Group reissued a “buy” rating and set a $18.00 target price on shares of Snap in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of Snap from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, January 17th. Susquehanna Bancshares downgraded shares of Snap from a “neutral” rating to a “sell” rating in a research report on Thursday, February 8th. Finally, Raymond James reissued an “underperform” rating on shares of Snap in a research report on Friday, January 12th. Twelve analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. Snap currently has an average rating of “Hold” and a consensus target price of $17.36.

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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 to 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 to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests.

Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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