Key Points
- Ajit Mohan sold 20,848 Snap shares on Jan. 16 at an average price of $7.62 for $158,861.76, trimming his stake by 0.39% to 5,277,816 shares (≈$40.22M).
- The Jan. 16 sale continues a recent insider-selling trend—Mohan also sold 28,137 shares on Dec. 16 (avg. $7.21) and 109,372 shares on Nov. 17 (avg. $8.34).
- Snap recently missed EPS (‑$0.06 vs. $0.06 est.) despite 9.8% revenue growth to $1.51B; the stock trades near $7.35 with a $12.63B market cap and an analyst consensus rating of "Reduce" (consensus target $9.82).
Snap Inc. (NYSE:SNAP - Get Free Report) insider Ajit Mohan sold 20,848 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $7.62, for a total transaction of $158,861.76. Following the completion of the sale, the insider owned 5,277,816 shares of the company's stock, valued at approximately $40,216,957.92. The trade was a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Ajit Mohan also recently made the following trade(s):
- On Tuesday, December 16th, Ajit Mohan sold 28,137 shares of Snap stock. The stock was sold at an average price of $7.21, for a total value of $202,867.77.
- On Monday, November 17th, Ajit Mohan sold 109,372 shares of Snap stock. The shares were sold at an average price of $8.34, for a total value of $912,162.48.
Snap Price Performance
NYSE:SNAP opened at $7.35 on Wednesday. Snap Inc. has a one year low of $6.90 and a one year high of $11.77. The stock has a market cap of $12.63 billion, a PE ratio of -25.33 and a beta of 0.81. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.67 and a current ratio of 3.67. The stock has a 50 day moving average price of $7.90 and a 200 day moving average price of $8.06.
Snap (NYSE:SNAP - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). Snap had a negative net margin of 8.60% and a negative return on equity of 21.61%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the previous year, the company earned ($0.09) earnings per share. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. Equities research analysts expect that Snap Inc. will post -0.3 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on SNAP shares. Stifel Nicolaus set a $7.00 price objective on shares of Snap in a research report on Thursday, November 6th. Guggenheim dropped their price target on shares of Snap from $9.00 to $8.50 and set a "neutral" rating for the company in a research note on Friday, December 19th. BNP Paribas assumed coverage on shares of Snap in a report on Wednesday, January 14th. They set a "strong sell" rating for the company. Arete Research raised shares of Snap from a "sell" rating to a "neutral" rating in a research report on Tuesday, November 18th. Finally, Susquehanna reiterated a "neutral" rating and issued a $9.00 price objective on shares of Snap in a report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Snap currently has an average rating of "Reduce" and a consensus price target of $9.82.
View Our Latest Stock Report on SNAP
Institutional Investors Weigh In On Snap
A number of institutional investors and hedge funds have recently made changes to their positions in SNAP. Alyeska Investment Group L.P. purchased a new stake in Snap during the 3rd quarter worth approximately $176,697,000. Junto Capital Management LP acquired a new position in shares of Snap in the third quarter worth $29,071,000. Voloridge Investment Management LLC grew its stake in shares of Snap by 53.3% in the third quarter. Voloridge Investment Management LLC now owns 10,300,911 shares of the company's stock worth $79,420,000 after acquiring an additional 3,582,223 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Snap by 537.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,150,134 shares of the company's stock worth $33,492,000 after acquiring an additional 3,499,578 shares during the period. Finally, Holocene Advisors LP raised its stake in shares of Snap by 895.9% in the third quarter. Holocene Advisors LP now owns 3,560,234 shares of the company's stock valued at $27,449,000 after acquiring an additional 3,202,737 shares in the last quarter. 47.52% of the stock is owned by hedge funds and other institutional investors.
About Snap
(
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.
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