Snap Inc (SNAP) CFO Andrew Vollero Sells 70,566 Shares

Snap Inc (NYSE:SNAP) CFO Andrew Vollero sold 70,566 shares of Snap stock in a transaction on Monday, December 18th. The shares were sold at an average price of $16.09, for a total value of $1,135,406.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Snap Inc (SNAP) traded down $0.05 during midday trading on Thursday, hitting $14.60. The stock had a trading volume of 12,340,000 shares, compared to its average volume of 19,510,000. Snap Inc has a twelve month low of $11.28 and a twelve month high of $29.44. The stock has a market capitalization of $17,580.00 and a price-to-earnings ratio of -4.59.

Snap (NYSE:SNAP) last announced its earnings results on Tuesday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.17. The business had revenue of $207.90 million for the quarter, compared to analyst estimates of $236.71 million. Snap had a negative return on equity of 107.36% and a negative net margin of 463.16%. The firm’s revenue was up 62.2% on a year-over-year basis. equities research analysts predict that Snap Inc will post -3.04 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the company. Vetr upgraded Snap from a “strong sell” rating to a “hold” rating and set a $16.13 target price on the stock in a report on Friday, October 13th. Zacks Investment Research cut Snap from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Drexel Hamilton reiterated a “buy” rating and issued a $28.00 target price on shares of Snap in a report on Friday, December 15th. SunTrust Banks reiterated a “sell” rating and issued a $10.00 target price on shares of Snap in a report on Thursday, October 12th. Finally, Cowen cut Snap from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $12.00 to $11.00 in a report on Thursday, January 4th. Seventeen research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.23.

Institutional investors have recently made changes to their positions in the stock. WFG Advisors LP increased its holdings in Snap by 52.4% in the second quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock valued at $131,000 after buying an additional 2,537 shares during the last quarter. First Manhattan Co. increased its holdings in Snap by 384.5% in the third quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock valued at $110,000 after buying an additional 6,056 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in Snap in the second quarter valued at about $148,000. Northwestern Mutual Wealth Management Co. increased its holdings in Snap by 9,588.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,688 shares of the company’s stock valued at $172,000 after buying an additional 9,588 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Snap by 8.3% in the second quarter. Pacer Advisors Inc. now owns 9,869 shares of the company’s stock valued at $175,000 after buying an additional 757 shares during the last quarter. 18.88% of the stock is owned by hedge funds and other institutional investors.

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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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