Key Points
- Ajit Mohan sold 27,743 shares of Snap on March 16 at an average price of $4.59 for about $127,340, reducing his holding to 5,130,734 shares (≈$23.55M), a 0.54% decrease.
- The March sale continues recent insider selling — Mohan sold 119,339 shares on Feb 17 at $4.70 and 20,848 shares on Jan 16 at $7.62 — indicating ongoing dispositions over the past months.
- Snap recently missed EPS ($0.03 vs. $0.15 expected), has negative margins and ROE, a market cap around $7.85B, and an average analyst rating of "Hold" with a $8.17 price target while the stock trades near its one‑year low.
Snap Inc. (NYSE:SNAP - Get Free Report) insider Ajit Mohan sold 27,743 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $4.59, for a total transaction of $127,340.37. Following the completion of the sale, the insider owned 5,130,734 shares of the company's stock, valued at approximately $23,550,069.06. The trade was a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ajit Mohan also recently made the following trade(s):
- On Tuesday, February 17th, Ajit Mohan sold 119,339 shares of Snap stock. The shares were sold at an average price of $4.70, for a total transaction of $560,893.30.
- On Friday, January 16th, Ajit Mohan sold 20,848 shares of Snap stock. The stock was sold at an average price of $7.62, for a total transaction of $158,861.76.
Snap Price Performance
Shares of NYSE:SNAP opened at $4.65 on Wednesday. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 1.53. Snap Inc. has a 1 year low of $4.52 and a 1 year high of $10.41. The business has a fifty day simple moving average of $6.06 and a 200 day simple moving average of $7.24. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of -17.20 and a beta of 0.83.
Snap (NYSE:SNAP - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.12). Snap had a negative net margin of 7.76% and a negative return on equity of 20.72%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter last year, the firm earned $0.01 EPS. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Snap Inc. will post -0.3 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions 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 worth $25,000 after purchasing an additional 1,581 shares during the last quarter. Oak Harvest Investment Services acquired a new position in Snap during the fourth quarter valued at approximately $26,000. Arax Advisory Partners grew its holdings in Snap by 220.0% during the fourth quarter. Arax Advisory Partners now owns 3,309 shares of the company's stock valued at $27,000 after purchasing an additional 2,275 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Snap in the fourth quarter valued at approximately $29,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Snap by 561.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company's stock valued at $29,000 after purchasing an additional 3,071 shares during the period. 47.52% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently commented on SNAP. UBS Group reissued a "buy" rating on shares of Snap in a research note on Monday, February 23rd. Bank of America raised shares of Snap from a "neutral" rating to a "buy" rating and set a $10.00 price objective on the stock in a research report on Thursday, February 5th. Morgan Stanley decreased their target price on shares of Snap from $9.50 to $6.50 and set an "equal weight" rating for the company in a research report on Sunday, February 22nd. Arete Research set a $7.30 price target on shares of Snap and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Finally, The Goldman Sachs Group cut their price target on shares of Snap from $9.50 to $8.50 and set a "neutral" rating on the stock in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Snap has an average rating of "Hold" and an average price target of $8.17.
Get Our Latest Stock Analysis on SNAP
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.
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