Snap Inc (NYSE:SNAP) CFO Sells $500,477.94 in Stock

Snap Inc (NYSE:SNAP) CFO Derek Andersen sold 31,959 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.66, for a total value of $500,477.94. Following the sale, the chief financial officer now owns 1,427,219 shares of the company’s stock, valued at $22,350,249.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Derek Andersen also recently made the following trade(s):

  • On Wednesday, September 18th, Derek Andersen sold 12,618 shares of Snap stock. The shares were sold at an average price of $16.70, for a total value of $210,720.60.
  • On Friday, August 16th, Derek Andersen sold 8,476 shares of Snap stock. The shares were sold at an average price of $16.11, for a total value of $136,548.36.
  • On Monday, August 19th, Derek Andersen sold 34,570 shares of Snap stock. The stock was sold at an average price of $16.02, for a total value of $553,811.40.
  • On Tuesday, July 16th, Derek Andersen sold 8,136 shares of Snap stock. The stock was sold at an average price of $15.32, for a total value of $124,643.52.

NYSE SNAP traded up $0.08 on Friday, hitting $14.16. 27,586,965 shares of the company’s stock were exchanged, compared to its average volume of 29,104,748. The firm’s 50-day moving average price is $15.76 and its two-hundred day moving average price is $14.03. The firm has a market cap of $19.53 billion, a price-to-earnings ratio of -14.60 and a beta of 1.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.53 and a quick ratio of 4.53. Snap Inc has a fifty-two week low of $4.82 and a fifty-two week high of $18.36.

Snap (NYSE:SNAP) last posted its earnings results on Tuesday, July 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. Snap had a negative return on equity of 46.46% and a negative net margin of 77.54%. The firm had revenue of $388.02 million for the quarter, compared to analyst estimates of $358.16 million. During the same quarter in the prior year, the company earned ($0.14) EPS. Snap’s revenue was up 48.0% on a year-over-year basis. On average, research analysts predict that Snap Inc will post -0.71 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Prime Capital Investment Advisors LLC purchased a new position in shares of Snap during the 2nd quarter worth $27,000. Atlas Capital Advisors LLC acquired a new stake in shares of Snap during the 2nd quarter worth $29,000. Providence Capital Advisors LLC acquired a new stake in shares of Snap during the 1st quarter worth $32,000. Catalyst Capital Advisors LLC increased its holdings in shares of Snap by 38.8% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,386 shares of the company’s stock worth $34,000 after buying an additional 667 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Snap by 400.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,500 shares of the company’s stock worth $36,000 after buying an additional 2,000 shares during the last quarter. 26.88% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the company. Morgan Stanley upgraded Snap from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $14.00 to $17.00 in a research report on Friday, October 4th. Royal Bank of Canada restated a “buy” rating and issued a $20.00 target price on shares of Snap in a research report on Wednesday, July 24th. Summit Insights upgraded Snap from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. ValuEngine cut Snap from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Nomura increased their price target on Snap from $10.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and fourteen have issued a buy rating to the company. Snap has an average rating of “Hold” and an average price target of $16.46.

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 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 surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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

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