Snap Inc. (NYSE:SNAP - Get Free Report) CFO Derek Andersen sold 33,618 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $8.83, for a total value of $296,846.94. Following the transaction, the chief financial officer now directly owns 3,507,897 shares of the company's stock, valued at approximately $30,974,730.51. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Derek Andersen also recently made the following trade(s):
- On Friday, March 14th, Derek Andersen sold 22,720 shares of Snap stock. The stock was sold at an average price of $8.58, for a total transaction of $194,937.60.
- On Tuesday, February 18th, Derek Andersen sold 61,334 shares of Snap stock. The shares were sold at an average price of $10.84, for a total transaction of $664,860.56.
- On Wednesday, December 18th, Derek Andersen sold 17,789 shares of Snap stock. The shares were sold at an average price of $12.00, for a total value of $213,468.00.
Snap Stock Performance
SNAP stock traded up $0.10 on Friday, reaching $9.33. 37,520,056 shares of the company were exchanged, compared to its average volume of 25,540,393. The firm has a market capitalization of $15.83 billion, a PE ratio of -22.22 and a beta of 0.92. Snap Inc. has a 12 month low of $8.29 and a 12 month high of $17.33. The stock's fifty day moving average price is $10.38 and its 200 day moving average price is $10.77. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95.
Snap (NYSE:SNAP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. On average, research analysts anticipate that Snap Inc. will post -0.3 EPS for the current fiscal year.
Institutional Trading of Snap
Institutional investors have recently made changes to their positions in the business. Checchi Capital Advisers LLC grew its stake in shares of Snap by 3.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 31,126 shares of the company's stock valued at $335,000 after purchasing an additional 901 shares during the period. HCR Wealth Advisors lifted its position in Snap by 3.9% during the 4th quarter. HCR Wealth Advisors now owns 25,016 shares of the company's stock worth $269,000 after buying an additional 934 shares in the last quarter. Captrust Financial Advisors increased its position in Snap by 8.0% in the 4th quarter. Captrust Financial Advisors now owns 13,918 shares of the company's stock valued at $150,000 after acquiring an additional 1,030 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Snap by 1.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 61,365 shares of the company's stock valued at $661,000 after buying an additional 1,033 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Snap by 3.1% in the 4th quarter. Empowered Funds LLC now owns 35,639 shares of the company's stock valued at $384,000 after purchasing an additional 1,055 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Citizens Jmp cut Snap from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Citigroup boosted their price objective on Snap from $13.00 to $13.50 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. BMO Capital Markets reissued an "outperform" rating and issued a $16.00 target price (down from $18.00) on shares of Snap in a research report on Wednesday, January 15th. Susquehanna raised their price objective on shares of Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, Needham & Company LLC restated a "buy" rating and issued a $640.00 target price on shares of Snap in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $36.87.
Check Out Our Latest Report on Snap
About Snap
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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.
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