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

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $15.92, for a total value of $398,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, December 5th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $14.79, for a total value of $369,750.00.
  • 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 value of $335,250.00.
  • On Tuesday, November 21st, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $12.38, for a total value of $309,500.00.
  • On Tuesday, November 14th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $12.53, for a total value of $313,250.00.

Shares of Snap Inc (NYSE:SNAP) opened at $15.96 on Thursday. Snap Inc has a 12-month low of $11.28 and a 12-month high of $29.44.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.14) EPS for the quarter, beating the Zacks’ 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. Snap had a negative return on equity of 107.36% and a negative net margin of 463.16%. Snap’s revenue for the quarter was up 62.2% compared to the same quarter last year. equities analysts forecast that Snap Inc will post -3.04 EPS for the current fiscal year.

SNAP has been the topic of a number of recent research reports. Zacks Investment Research raised Snap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Aegis raised their price target on Snap from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, August 17th. Vetr downgraded Snap from a “sell” rating to a “strong sell” rating and set a $12.06 price target for the company. in a report on Monday, August 21st. Cantor Fitzgerald reissued a “buy” rating and issued a $15.00 price target on shares of Snap in a report on Tuesday, August 22nd. Finally, Morgan Stanley lowered their price target on Snap from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, August 23rd. Sixteen research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.90.

Several institutional investors have recently bought and sold shares of SNAP. First Trust Advisors LP increased its position in shares of Snap by 873.8% in the third quarter. First Trust Advisors LP now owns 5,884,101 shares of the company’s stock valued at $85,555,000 after buying an additional 5,279,883 shares in the last quarter. Valiant Capital Management L.P. increased its position in shares of Snap by 379.1% in the third quarter. Valiant Capital Management L.P. now owns 3,215,300 shares of the company’s stock valued at $46,750,000 after buying an additional 2,544,200 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Snap by 73.4% in the third quarter. Allianz Asset Management GmbH now owns 4,529,005 shares of the company’s stock valued at $65,852,000 after buying an additional 1,916,830 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Snap by 23.7% in the second quarter. Vanguard Group Inc. now owns 8,353,729 shares of the company’s stock valued at $148,446,000 after buying an additional 1,601,170 shares in the last quarter. Finally, State Treasurer State of Michigan purchased a new stake in shares of Snap in the third quarter valued at approximately $15,714,000. Institutional investors and hedge funds own 18.88% of the company’s stock.

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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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