Snap Inc. (NYSE:SNAP) VP Jerry James Hunter sold 60,895 shares of the company’s stock in a transaction that occurred on Wednesday, November 18th. The shares were sold at an average price of $39.81, for a total value of $2,424,229.95. Following the completion of the transaction, the vice president now directly owns 1,898,530 shares in the company, valued at $75,580,479.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Jerry James Hunter also recently made the following trade(s):
- On Monday, November 16th, Jerry James Hunter sold 89,149 shares of Snap stock. The shares were sold at an average price of $39.69, for a total value of $3,538,323.81.
- On Monday, October 19th, Jerry James Hunter sold 7,721 shares of Snap stock. The shares were sold at an average price of $28.30, for a total value of $218,504.30.
- On Friday, October 16th, Jerry James Hunter sold 10,800 shares of Snap stock. The shares were sold at an average price of $28.31, for a total value of $305,748.00.
NYSE SNAP opened at $44.29 on Friday. The company has a quick ratio of 5.99, a current ratio of 5.99 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $65.99 billion, a PE ratio of -59.05 and a beta of 1.52. The company has a 50 day moving average price of $35.59 and a two-hundred day moving average price of $25.24. Snap Inc. has a 12-month low of $7.89 and a 12-month high of $45.60.
A number of equities research analysts have recently weighed in on SNAP shares. Royal Bank of Canada boosted their price target on Snap from $28.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. ValuEngine upgraded Snap from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Argus upped their price objective on Snap from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Oppenheimer raised their target price on Snap from $28.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. Finally, Citigroup upped their price target on shares of Snap from $14.00 to $19.00 and gave the stock a “sell” rating in a research report on Monday, August 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.38.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. boosted its holdings in shares of Snap by 266.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,100 shares of the company’s stock worth $26,000 after buying an additional 800 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in Snap during the 3rd quarter worth $26,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Snap in the third quarter valued at about $31,000. Jackson Square Capital LLC acquired a new stake in shares of Snap in the second quarter valued at about $35,000. Finally, M&R Capital Management Inc. grew its position in shares of Snap by 160.0% in the third quarter. M&R Capital Management Inc. now owns 1,625 shares of the company’s stock valued at $42,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 47.00% 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 called Snaps. It also provides Camera, a tool to personalize and add context to Snaps; Chat 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.
Further Reading: Coverage Ratio
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