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

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.30, for a total value of $332,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, February 13th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $18.71, for a total value of $467,750.00.
  • On Tuesday, February 6th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.98, for a total value of $349,500.00.
  • On Tuesday, January 23rd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.40, for a total value of $360,000.00.
  • On Tuesday, January 16th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.54, for a total value of $338,500.00.
  • On Tuesday, January 9th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.11, for a total value of $352,750.00.
  • On Tuesday, January 2nd, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $14.90, for a total value of $372,500.00.
  • On Tuesday, December 26th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $14.96, for a total value of $374,000.00.
  • On Tuesday, December 19th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $15.81, for a total value of $395,250.00.
  • On Tuesday, December 12th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $15.92, for a total value of $398,000.00.
  • 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.

Shares of Snap Inc (SNAP) opened at $19.56 on Thursday. Snap Inc has a twelve month low of $11.28 and a twelve month high of $29.44. The firm has a market capitalization of $23,560.00 and a P/E ratio of -5.91.

Hedge funds and other institutional investors have recently modified their holdings of the company. First Manhattan Co. increased its holdings in shares of Snap by 384.5% in the 3rd quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock valued at $110,000 after acquiring an additional 6,056 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Snap by 967.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock valued at $116,000 after acquiring an additional 7,255 shares during the last quarter. WFG Advisors LP increased its holdings in shares of Snap by 52.4% in the 2nd quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock valued at $131,000 after acquiring an additional 2,537 shares during the last quarter. Nelson Roberts Investment Advisors LLC increased its holdings in shares of Snap by 10,033.0% in the 3rd quarter. Nelson Roberts Investment Advisors LLC now owns 10,133 shares of the company’s stock valued at $147,000 after acquiring an additional 10,033 shares during the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Snap in the 2nd quarter valued at approximately $148,000. Institutional investors and hedge funds own 18.98% of the company’s stock.

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Snap from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Citigroup lifted their price objective on Snap to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. They noted that the move was a valuation call. Royal Bank of Canada raised Snap from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Wedbush reaffirmed a “hold” rating and issued a $12.50 price objective on shares of Snap in a research note on Wednesday, February 7th. Finally, SunTrust Banks raised Snap from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a research note on Wednesday, February 7th. Fourteen research analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.25.

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Snap Company Profile

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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