Key Points
- CFO Derek Andersen sold 23,715 shares on Jan. 14 at an average price of $7.83 for about $185,688, reducing his holdings to 2,972,051 shares (a 0.79% drop in his stake).
- Andersen has executed multiple insider sales since mid‑November — a combined ~137,530 shares sold across four transactions, generating roughly $1.10 million, indicating continued insider selling activity.
- Snap shares trade near $7.50 (50‑day/200‑day averages $7.95/$8.10); the company reported an EPS miss last quarter (‑$0.06 vs. $0.06 expected) and analysts hold a consensus "Reduce" rating with an average price target of $9.86.
Snap Inc. (NYSE:SNAP - Get Free Report) CFO Derek Andersen sold 23,715 shares of Snap stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $7.83, for a total value of $185,688.45. Following the transaction, the chief financial officer owned 2,972,051 shares of the company's stock, valued at approximately $23,271,159.33. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Derek Andersen also recently made the following trade(s):
- On Tuesday, December 16th, Derek Andersen sold 34,535 shares of Snap stock. The stock was sold at an average price of $7.21, for a total value of $248,997.35.
- On Monday, November 17th, Derek Andersen sold 62,868 shares of Snap stock. The stock was sold at an average price of $8.34, for a total transaction of $524,319.12.
- On Friday, November 14th, Derek Andersen sold 16,412 shares of Snap stock. The shares were sold at an average price of $8.40, for a total transaction of $137,860.80.
Snap Stock Performance
SNAP opened at $7.53 on Friday. The firm has a fifty day moving average price of $7.95 and a 200 day moving average price of $8.10. Snap Inc. has a 1 year low of $6.90 and a 1 year high of $11.77. The stock has a market cap of $12.95 billion, a P/E ratio of -25.96 and a beta of 0.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 3.67 and a quick ratio of 3.67.
Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.12). The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.49 billion. Snap had a negative net margin of 8.60% and a negative return on equity of 21.61%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) EPS. Equities research analysts anticipate that Snap Inc. will post -0.3 earnings per share for the current year.
Analysts Set New Price Targets
SNAP has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Snap from $8.50 to $9.50 and gave the stock an "equal weight" rating in a report on Tuesday. Guggenheim reduced their target price on Snap from $9.00 to $8.50 and set a "neutral" rating for the company in a research note on Friday, December 19th. Wells Fargo & Company increased their target price on Snap from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Thursday, November 6th. Piper Sandler boosted their price target on shares of Snap from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, November 6th. Finally, BMO Capital Markets upped their price objective on shares of Snap from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $9.86.
Read Our Latest Analysis on SNAP
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SNAP. Allworth Financial LP lifted its holdings in Snap by 92.3% in the 3rd quarter. Allworth Financial LP now owns 3,293 shares of the company's stock valued at $25,000 after purchasing an additional 1,581 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Snap by 169.9% in the second quarter. Signaturefd LLC now owns 2,942 shares of the company's stock worth $26,000 after buying an additional 1,852 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Snap in the third quarter worth about $33,000. Banque Cantonale Vaudoise acquired a new position in Snap during the third quarter worth about $39,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in Snap during the 3rd quarter valued at about $53,000. 47.52% of the stock is owned by institutional investors and hedge funds.
Snap Company Profile
(
Get Free Report)
Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.
Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
