Key Points
- Insider Ajit Mohan sold 119,339 shares of Snap on Feb. 17 at an average price of $4.70, reducing his stake by 2.26% to 5,158,477 shares (sale value ≈ $560,893).
- The sale is part of clustered insider selling Feb. 17–19 that also included senior execs (GC Zachary Briers, CFO Derek Andersen, CAO Rebecca Morrow), a pattern that may weigh on sentiment and raise questions about near-term insider conviction.
- Company fundamentals are mixed: Snap missed EPS estimates ($0.03 vs. $0.15) despite 10.2% revenue growth to $1.72B, while monetization showed strength as Snapchat+ topped 25 million subscribers and direct-revenue ARR reached about $1 billion.
Snap Inc. (NYSE:SNAP - Get Free Report) CAO Rebecca Morrow sold 3,175 shares of the business's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $4.84, for a total transaction of $15,367.00. Following the completion of the transaction, the chief accounting officer directly owned 463,507 shares of the company's stock, valued at approximately $2,243,373.88. This represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Rebecca Morrow also recently made the following trade(s):
- On Tuesday, February 17th, Rebecca Morrow sold 16,499 shares of Snap stock. The stock was sold at an average price of $4.70, for a total value of $77,545.30.
- On Wednesday, December 17th, Rebecca Morrow sold 3,783 shares of Snap stock. The shares were sold at an average price of $7.34, for a total value of $27,767.22.
- On Tuesday, December 16th, Rebecca Morrow sold 3,090 shares of Snap stock. The shares were sold at an average price of $7.22, for a total value of $22,309.80.
- On Monday, December 15th, Rebecca Morrow sold 7,000 shares of Snap stock. The shares were sold at an average price of $7.33, for a total transaction of $51,310.00.
Snap Stock Up 3.1%
Shares of Snap stock traded up $0.15 on Friday, reaching $5.15. 21,992,608 shares of the company were exchanged, compared to its average volume of 57,340,523. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 1.53. The company has a 50-day moving average of $7.07 and a 200 day moving average of $7.54. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of -19.06 and a beta of 0.83. Snap Inc. has a one year low of $4.65 and a one year high of $10.80.
Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.70 billion. Snap had a negative net margin of 7.76% and a negative return on equity of 20.72%. Snap's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. On average, equities research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.
Wall Street Analyst Weigh In
SNAP has been the subject of several recent analyst reports. Truist Financial increased their price objective on shares of Snap from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, November 7th. Citigroup dropped their target price on shares of Snap from $10.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, February 12th. BMO Capital Markets lifted their price objective on shares of Snap from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Thursday, November 6th. Mizuho lowered their price objective on Snap from $9.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, February 5th. Finally, Evercore reiterated a "mixed" rating on shares of Snap in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8.43.
View Our Latest Stock Analysis on Snap
More Snap News
Here are the key news stories impacting Snap this week:
- Positive Sentiment: Analyst / commentary: A Seeking Alpha piece highlights accelerating monthly active user (MAU) growth as a potential upside catalyst for Snap, arguing that stronger user engagement could drive ad revenue upside if monetization follows usage gains. Snap: MAU Growth Creates Upside Catalyst
- Negative Sentiment: Analyst downgrade / price-target cut: Citi trimmed its price target for SNAP from $10 to $6 and kept a Neutral rating, citing persistent brand-advertising headwinds after Snap’s Q4 report — a sign analysts see limited near-term earnings/advertising recovery. Citi Lowers Snap PT to $6
- Negative Sentiment: Insider selling: Several senior Snap executives disclosed open-market sales on Feb 17–19 at roughly $4.70–$4.84: GC Zachary Briers sold 68,620 and 134,705 shares (two filings), CFO Derek Andersen sold 63,041 shares, CAO Rebecca Morrow sold 3,175 and 16,499 shares, and insider Ajit Mohan sold 119,339 shares. These trades reduced individual holdings by low single-digit percentages and totalled several hundred thousand dollars each — a near-term negative signal for investor sentiment (filings): Briers filings Mohan filing Andersen filing Morrow filings
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SNAP. Vanguard Group Inc. boosted its position in shares of Snap by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 101,251,557 shares of the company's stock valued at $817,100,000 after buying an additional 641,271 shares during the period. Capital World Investors boosted its holdings in shares of Snap by 1.4% in the 4th quarter. Capital World Investors now owns 88,452,006 shares of the company's stock valued at $713,808,000 after buying an additional 1,179,543 shares in the last quarter. Capital International Investors grew its holdings in Snap by 0.3% in the third quarter. Capital International Investors now owns 37,780,205 shares of the company's stock worth $291,285,000 after purchasing an additional 95,989 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Snap in the third quarter valued at about $176,697,000. Finally, Geode Capital Management LLC boosted its stake in Snap by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 13,525,119 shares of the company's stock worth $108,711,000 after purchasing an additional 469,795 shares in the last quarter. Institutional investors own 47.52% of the company's stock.
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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