Snap Inc (SNAP) Director Mitchell Lasky Sells 25,000 Shares

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Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of Snap stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $13.12, for a total transaction of $328,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Mitchell Lasky also recently made the following trade(s):

  • On Tuesday, June 26th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $13.03, for a total transaction of $325,750.00.
  • On Tuesday, June 19th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $13.08, for a total transaction of $327,000.00.
  • On Tuesday, June 12th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $13.64, for a total transaction of $341,000.00.
  • On Tuesday, June 5th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $12.80, for a total transaction of $320,000.00.
  • On Tuesday, May 29th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.59, for a total transaction of $264,750.00.
  • On Tuesday, May 22nd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.75, for a total transaction of $268,750.00.
  • On Tuesday, May 15th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.62, for a total transaction of $265,500.00.
  • On Tuesday, May 8th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.97, for a total transaction of $274,250.00.
  • On Tuesday, May 1st, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.05, for a total transaction of $351,250.00.
  • On Tuesday, April 24th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.67, for a total transaction of $391,750.00.

Snap opened at $13.15 on Thursday, MarketBeat Ratings reports. Snap Inc has a fifty-two week low of $10.50 and a fifty-two week high of $21.22. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of -6.32 and a beta of -2.91.

Snap (NYSE:SNAP) last released its earnings results on Tuesday, May 1st. The company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.16. Snap had a negative return on equity of 49.23% and a negative net margin of 179.04%. The company had revenue of $230.70 million for the quarter, compared to analysts’ expectations of $244.57 million. During the same quarter in the previous year, the business posted ($2.31) EPS. The business’s revenue for the quarter was up 54.2% on a year-over-year basis. equities research analysts forecast that Snap Inc will post -1.15 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new position in Snap during the 1st quarter valued at about $134,000. Aperio Group LLC purchased a new position in Snap during the 4th quarter valued at about $149,000. NEXT Financial Group Inc purchased a new position in Snap during the 1st quarter valued at about $163,000. Dimensional Fund Advisors LP purchased a new position in Snap during the 1st quarter valued at about $165,000. Finally, Garde Capital Inc. purchased a new position in Snap during the 4th quarter valued at about $160,000. 20.79% of the stock is currently owned by institutional investors.

SNAP has been the topic of several research reports. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Snap in a research report on Wednesday, April 11th. Morgan Stanley boosted their price target on shares of Snap from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, April 19th. Credit Suisse Group boosted their price target on shares of Snap from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, April 20th. Wedbush set a $13.00 price target on shares of Snap and gave the stock a “hold” rating in a research report on Friday, April 27th. Finally, Cowen dropped their price target on shares of Snap from $14.00 to $12.00 and set an “underperform” rating on the stock in a research report on Friday, April 27th. Twelve investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the stock. Snap presently has an average rating of “Hold” and an average price target of $15.46.

About Snap

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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