Snap Inc (SNAP) Director Sells $440,000.00 in Stock

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of Snap stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $17.60, for a total value of $440,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

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  • On Tuesday, April 3rd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.06, for a total value of $351,500.00.
  • On Tuesday, March 27th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $16.34, for a total value of $408,500.00.
  • On Tuesday, March 20th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.96, for a total value of $399,000.00.
  • On Tuesday, March 6th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $18.13, for a total value of $453,250.00.
  • On Tuesday, February 27th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $16.76, for a total value of $419,000.00.
  • On Tuesday, February 20th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $19.27, for a total value of $481,750.00.
  • On Tuesday, February 13th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were 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 shares were sold at an average price of $13.98, for a total value of $349,500.00.
  • On Tuesday, January 30th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $13.30, for a total value of $332,500.00.
  • On Tuesday, January 23rd, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $14.40, for a total value of $360,000.00.

SNAP traded down $0.14 on Friday, hitting $14.25. 13,533,877 shares of the company were exchanged, compared to its average volume of 19,950,196. Snap Inc has a 12 month low of $11.28 and a 12 month high of $23.57. The firm has a market capitalization of $17,485.22 and a PE ratio of -6.85.

Snap (NYSE:SNAP) last released its earnings results on Tuesday, February 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. Snap had a negative return on equity of 100.64% and a negative net margin of 417.61%. The business had revenue of $285.69 million for the quarter, compared to analyst estimates of $251.74 million. equities research analysts anticipate that Snap Inc will post -1.17 earnings per share for the current year.

SNAP has been the subject of a number of research analyst reports. Vetr cut Snap from a “buy” rating to a “hold” rating and set a $16.50 target price for the company. in a research note on Monday, December 11th. Drexel Hamilton reissued a “buy” rating and issued a $28.00 target price on shares of Snap in a research note on Friday, December 15th. Cowen cut Snap from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $12.00 to $11.00 in a research note on Thursday, January 4th. Jefferies Group cut Snap from a “buy” rating to a “hold” rating and boosted their target price for the company from $14.50 to $30.00 in a research note on Monday, January 8th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $18.00 target price on shares of Snap in a research note on Tuesday, January 9th. Twelve equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.25.

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in 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 buying an additional 2,675 shares during the period. Rhumbline Advisers raised its stake in 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 buying an additional 4,260 shares during the period. Pacer Advisors Inc. raised its stake in Snap by 61.7% in the third quarter. Pacer Advisors Inc. now owns 15,954 shares of the company’s stock valued at $232,000 after buying an additional 6,085 shares during the period. BTC Capital Management Inc. raised its stake in Snap by 5.5% in the fourth quarter. BTC Capital Management Inc. now owns 132,672 shares of the company’s stock valued at $1,945,000 after buying an additional 6,896 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in Snap by 967.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock valued at $116,000 after buying an additional 7,255 shares during the period. Hedge funds and other institutional investors own 18.55% 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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