Snap Inc (SNAP) Director Sells $313,250.00 in Stock

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $12.53, for a total transaction of $313,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, November 28th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $13.41, for a total transaction of $335,250.00.
  • On Tuesday, November 21st, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.38, for a total transaction of $309,500.00.

Snap Inc (SNAP) traded down $0.30 during mid-day trading on Monday, hitting $13.57. The stock had a trading volume of 28,781,353 shares, compared to its average volume of 25,370,357. Snap Inc has a 1-year low of $11.28 and a 1-year high of $29.44.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, November 7th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.17. The business had revenue of $207.90 million during the quarter, compared to analysts’ expectations of $236.71 million. The company’s revenue for the quarter was up 62.2% compared to the same quarter last year. sell-side analysts predict that Snap Inc will post -3.04 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Seven Bridges Advisors LLC purchased a new position in shares of Snap during the second quarter worth $101,000. WFG Advisors LP boosted its position in shares of Snap by 52.4% during the second quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock worth $131,000 after buying an additional 2,537 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Snap by 654.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,540 shares of the company’s stock worth $134,000 after buying an additional 6,540 shares during the period. First Manhattan Co. boosted its position in shares of Snap by 384.5% during the third quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock worth $110,000 after buying an additional 6,056 shares during the period. Finally, Dubuque Bank & Trust Co. purchased a new position in shares of Snap during the second quarter worth $137,000. Institutional investors own 18.88% of the company’s stock.

Several research analysts have issued reports on the stock. Deutsche Bank restated a “hold” rating and set a $11.00 price target on shares of Snap in a report on Thursday. Wells Fargo & Company reaffirmed a “hold” rating on shares of Snap in a research report on Wednesday, November 29th. JMP Securities downgraded shares of Snap from an “outperform” rating to a “market perform” rating in a research report on Sunday, November 26th. Cowen reaffirmed a “hold” rating and set a $12.00 price objective on shares of Snap in a research report on Friday, November 10th. Finally, Canaccord Genuity downgraded shares of Snap from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Fifteen research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.98.

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About Snap

Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

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

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