Snap Inc (NYSE:SNAP) CFO Sells $124,643.52 in Stock

Snap Inc (NYSE:SNAP) CFO Derek Andersen sold 8,136 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $15.32, for a total transaction of $124,643.52. Following the completion of the sale, the chief financial officer now owns 1,493,748 shares in the company, valued at $22,884,219.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Derek Andersen also recently made the following trade(s):

  • On Monday, June 17th, Derek Andersen sold 49,291 shares of Snap stock. The stock was sold at an average price of $13.77, for a total transaction of $678,737.07.
  • On Thursday, May 30th, Derek Andersen sold 9,000 shares of Snap stock. The stock was sold at an average price of $12.00, for a total transaction of $108,000.00.

Shares of SNAP stock opened at $14.02 on Friday. Snap Inc has a 12-month low of $4.82 and a 12-month high of $16.24. The company has a market cap of $19.70 billion, a P/E ratio of -14.45 and a beta of 1.08. The company’s 50-day moving average price is $14.29. The company has a quick ratio of 4.75, a current ratio of 4.75 and a debt-to-equity ratio of 0.15.



Snap (NYSE:SNAP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Snap had a negative net margin of 92.94% and a negative return on equity of 47.71%. The firm had revenue of $320.43 million for the quarter, compared to the consensus estimate of $306.28 million. During the same period in the prior year, the business earned ($0.17) earnings per share. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. As a group, equities research analysts predict that Snap Inc will post -0.76 earnings per share for the current year.

A number of equities analysts have recently commented on SNAP shares. Zacks Investment Research downgraded shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, April 26th. Credit Suisse Group raised shares of Laredo Petroleum from an “underperform” rating to a “neutral” rating and set a $2.83 price objective for the company in a report on Tuesday, July 9th. They noted that the move was a valuation call. Barclays reduced their price objective on shares of Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, April 24th. China Renaissance Securities started coverage on shares of Facebook in a report on Wednesday, May 29th. They set a “buy” rating and a $245.00 price objective for the company. Finally, Goldman Sachs Group set a €135.00 ($156.98) price objective on shares of SAP and gave the stock a “buy” rating in a report on Friday, July 12th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $12.23.

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in shares of Snap by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 164,463 shares of the company’s stock worth $2,351,000 after buying an additional 7,138 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Snap during the second quarter valued at approximately $112,000. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Snap during the second quarter valued at approximately $3,645,000. NEXT Financial Group Inc grew its holdings in Snap by 76.6% during the second quarter. NEXT Financial Group Inc now owns 4,503 shares of the company’s stock valued at $64,000 after purchasing an additional 1,953 shares during the period. Finally, Glaxis Capital Management LLC acquired a new position in Snap during the second quarter valued at approximately $429,000. Hedge funds and other institutional investors own 25.81% of the company’s stock.

Snap Company Profile

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 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 surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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