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, February 20th. The stock was sold at an average price of $19.27, for a total transaction of $481,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction 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 transaction of $349,500.00.
  • On Tuesday, January 30th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.30, for a total transaction of $332,500.00.
  • 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 transaction 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 transaction 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 transaction of $352,750.00.
  • On Tuesday, January 2nd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.90, for a total transaction of $372,500.00.
  • On Tuesday, December 26th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.96, for a total transaction of $374,000.00.
  • On Tuesday, December 19th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.81, for a total transaction of $395,250.00.
  • On Tuesday, December 12th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.92, for a total transaction of $398,000.00.

Snap Inc (NYSE SNAP) opened at $18.64 on Thursday. Snap Inc has a 52-week low of $11.28 and a 52-week high of $29.44. The company has a market cap of $22,450.00 and a P/E ratio of -5.63.

Several large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of Snap by 12.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 24,255 shares of the company’s stock valued at $354,000 after purchasing an additional 2,675 shares during the period. Rhumbline Advisers raised its position in shares of Snap by 22.9% in the third quarter. Rhumbline Advisers now owns 22,900 shares of the company’s stock valued at $333,000 after purchasing an additional 4,260 shares during the period. IFP Advisors Inc raised its position in shares of Snap by 30.7% in the third quarter. IFP Advisors Inc now owns 20,605 shares of the company’s stock valued at $300,000 after purchasing an additional 4,838 shares during the period. Wedbush Securities Inc. raised its position in shares of Snap by 45.1% in the third quarter. Wedbush Securities Inc. now owns 17,925 shares of the company’s stock valued at $261,000 after purchasing an additional 5,575 shares during the period. Finally, First Manhattan Co. raised its position in shares of 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 purchasing an additional 6,056 shares during the period. 18.24% of the stock is currently owned by institutional investors.

SNAP has been the subject of several research reports. Vetr cut shares of Snap from a “strong-buy” rating to a “buy” rating and set a $16.95 price target for the company. in a report on Monday, October 30th. Drexel Hamilton restated a “buy” rating and set a $28.00 price target on shares of Snap in a report on Friday, December 15th. Credit Suisse Group restated a “buy” rating and set a $18.00 price target on shares of Snap in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Snap from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, January 17th. Finally, Bank of America upgraded shares of Snap from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, February 7th. Fifteen analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.10.

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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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