Snap Inc. (SNAP) Director Sells $359,250.00 in Stock

Snap Inc. (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $14.37, for a total value of $359,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mitchell Lasky also recently made the following trade(s):

  • On Tuesday, April 3rd, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $14.06, for a total value of $351,500.00.
  • On Tuesday, March 27th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $16.34, for a total value of $408,500.00.
  • On Tuesday, March 20th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $15.96, for a total value of $399,000.00.
  • On Tuesday, March 13th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $17.60, for a total value of $440,000.00.
  • On Tuesday, March 6th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $18.13, for a total value of $453,250.00.
  • On Tuesday, February 27th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $16.76, for a total value of $419,000.00.
  • On Tuesday, February 20th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $19.27, for a total value of $481,750.00.
  • On Tuesday, February 13th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $18.71, for a total value of $467,750.00.
  • On Tuesday, February 6th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $13.98, for a total value of $349,500.00.
  • On Tuesday, January 30th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $13.30, for a total value of $332,500.00.

NYSE:SNAP opened at $14.92 on Friday. Snap Inc. has a 52-week low of $11.28 and a 52-week high of $23.57. The firm has a market cap of $17,767.44 and a price-to-earnings ratio of -7.17.



Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. Snap had a negative return on equity of 100.64% and a negative net margin of 417.61%. The firm had revenue of $285.69 million for the quarter, compared to the consensus estimate of $251.74 million. equities analysts expect that Snap Inc. will post -1.17 earnings per share for the current year.

Several research firms have recently weighed in on SNAP. Summit Redstone upgraded Snap from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research note on Wednesday, February 7th. Oppenheimer upped their price objective on Snap from $14.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Vetr lowered Snap from a “strong-buy” rating to a “buy” rating and set a $22.73 price objective on the stock. in a research note on Thursday, February 8th. Aegis reissued a “hold” rating and issued a $18.00 target price (up from $13.00) on shares of Snap in a report on Thursday, February 8th. Finally, Pivotal Research reissued a “sell” rating and issued a $10.00 target price on shares of Snap in a report on Thursday, February 8th. Twelve equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.25.

Several institutional investors have recently modified their holdings of the business. Coatue Management LLC raised its position in shares of Snap by 16.1% during the 4th quarter. Coatue Management LLC now owns 27,390,619 shares of the company’s stock valued at $400,176,000 after acquiring an additional 3,791,168 shares during the last quarter. BlackRock Inc. raised its position in shares of Snap by 17.8% during the 4th quarter. BlackRock Inc. now owns 11,648,770 shares of the company’s stock valued at $170,188,000 after acquiring an additional 1,762,106 shares during the last quarter. First Trust Advisors LP raised its position in shares of Snap by 11.3% during the 4th quarter. First Trust Advisors LP now owns 6,546,551 shares of the company’s stock valued at $95,645,000 after acquiring an additional 662,450 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Snap by 17.1% during the 4th quarter. Allianz Asset Management GmbH now owns 5,303,118 shares of the company’s stock valued at $77,479,000 after acquiring an additional 774,113 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Snap by 16.0% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,054,925 shares of the company’s stock valued at $59,242,000 after acquiring an additional 559,590 shares during the last quarter. Institutional investors own 18.55% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Snap Inc. (SNAP) Director Sells $359,250.00 in Stock” was reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://dakotafinancialnews.com/2018/04/13/snap-inc-snap-director-sells-359250-00-in-stock.html.

About Snap

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 to 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 to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests.

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

Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply