Snap Inc (SNAP) VP Sells $774,023.04 in Stock

Snap Inc (NYSE:SNAP) VP Jerry James Hunter sold 68,256 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $11.34, for a total transaction of $774,023.04. Following the sale, the vice president now owns 1,918,693 shares in the company, valued at $21,757,978.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jerry James Hunter also recently made the following trade(s):

  • On Monday, May 20th, Jerry James Hunter sold 107,370 shares of Snap stock. The stock was sold at an average price of $11.32, for a total transaction of $1,215,428.40.
  • On Tuesday, April 16th, Jerry James Hunter sold 8,770 shares of Snap stock. The stock was sold at an average price of $11.72, for a total transaction of $102,784.40.
  • On Thursday, April 18th, Jerry James Hunter sold 17,494 shares of Snap stock. The stock was sold at an average price of $11.50, for a total transaction of $201,181.00.
  • On Wednesday, February 20th, Jerry James Hunter sold 166,646 shares of Snap stock. The stock was sold at an average price of $9.24, for a total transaction of $1,539,809.04.

NYSE:SNAP traded down $0.30 during trading hours on Monday, hitting $11.19. The company’s stock had a trading volume of 19,727,353 shares, compared to its average volume of 27,033,076. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of -11.54 and a beta of 1.17. Snap Inc has a 52-week low of $4.82 and a 52-week high of $14.47.

Snap (NYSE:SNAP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.02). The business had revenue of $320.43 million during the quarter, compared to analysts’ expectations of $306.28 million. Snap had a negative return on equity of 47.71% and a negative net margin of 92.94%. The company’s revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS. Sell-side analysts anticipate that Snap Inc will post -0.76 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in SNAP. Vanguard Group Inc increased its position in shares of Snap by 57.6% in the third quarter. Vanguard Group Inc now owns 47,237,907 shares of the company’s stock valued at $400,578,000 after buying an additional 17,260,731 shares in the last quarter. Hillhouse Capital Advisors Ltd. purchased a new position in shares of Snap in the fourth quarter valued at $38,157,000. EMS Capital LP purchased a new position in shares of Snap in the first quarter valued at $48,882,000. Whale Rock Capital Management LLC purchased a new position in shares of Snap in the first quarter valued at $39,147,000. Finally, WS Management Lllp purchased a new position in shares of Snap in the fourth quarter valued at $8,265,000. Institutional investors and hedge funds own 22.95% of the company’s stock.

SNAP has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Snap from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Monday, April 8th. SunTrust Banks reiterated a “hold” rating and issued a $11.00 price target on shares of Snap in a research note on Wednesday, April 24th. Canaccord Genuity increased their price target on shares of Snap from $9.50 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. upgraded shares of Snap from an “underweight” rating to a “neutral” rating and increased their price target for the company from $7.00 to $11.00 in a research note on Wednesday, April 24th. Finally, Nomura increased their price target on shares of Snap from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.18.

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Snap Company Profile

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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