Insider Selling: Snap Inc (NYSE:SNAP) VP Sells $1,178,968.80 in Stock

Snap Inc (NYSE:SNAP) VP Jerry James Hunter sold 73,456 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $16.05, for a total value of $1,178,968.80. Following the transaction, the vice president now directly owns 1,614,425 shares of the company’s stock, valued at $25,911,521.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jerry James Hunter also recently made the following trade(s):

  • On Tuesday, August 20th, Jerry James Hunter sold 117,782 shares of Snap stock. The stock was sold at an average price of $16.10, for a total value of $1,896,290.20.
  • On Tuesday, July 16th, Jerry James Hunter sold 8,100 shares of Snap stock. The stock was sold at an average price of $15.31, for a total value of $124,011.00.
  • On Thursday, July 18th, Jerry James Hunter sold 12,797 shares of Snap stock. The stock was sold at an average price of $15.12, for a total value of $193,490.64.
  • On Thursday, June 20th, Jerry James Hunter sold 39,943 shares of Snap stock. The stock was sold at an average price of $14.90, for a total value of $595,150.70.
  • On Monday, June 17th, Jerry James Hunter sold 70,702 shares of Snap stock. The stock was sold at an average price of $13.74, for a total value of $971,445.48.

SNAP opened at $16.08 on Friday. The business has a 50 day moving average price of $16.03 and a two-hundred day moving average price of $12.53. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 0.15. The company has a market cap of $22.29 billion, a PE ratio of -16.58 and a beta of 1.10. Snap Inc has a 52 week low of $4.82 and a 52 week high of $18.36.



Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.02. The firm had revenue of $388.02 million during the quarter, compared to the consensus estimate of $358.16 million. Snap had a negative return on equity of 46.46% and a negative net margin of 77.54%. The firm’s revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) EPS. As a group, sell-side analysts expect that Snap Inc will post -0.71 EPS for the current fiscal year.

Several research analysts have recently issued reports on the company. SunTrust Banks upped their price objective on Snap from $11.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Bank of America upped their price objective on Snap from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Citigroup upped their price objective on Snap from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. BTIG Research upped their price objective on Snap from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Morgan Stanley boosted their target price on Snap from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have given a buy rating to the company. Snap currently has a consensus rating of “Hold” and an average target price of $14.88.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Prime Capital Investment Advisors LLC purchased a new position in shares of Snap during the 2nd quarter worth approximately $27,000. Atlas Capital Advisors LLC purchased a new position in shares of Snap during the 2nd quarter worth approximately $29,000. Providence Capital Advisors LLC purchased a new position in shares of Snap during the 1st quarter worth approximately $32,000. Catalyst Capital Advisors LLC raised its stake in shares of Snap by 38.8% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,386 shares of the company’s stock worth $34,000 after buying an additional 667 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Snap by 400.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,500 shares of the company’s stock worth $36,000 after buying an additional 2,000 shares in the last quarter. 26.52% of the stock is owned by hedge funds and other institutional investors.

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

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