Snap Inc. (NYSE:SNAP – Get Free Report) SVP Eric Young sold 119,112 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $11.90, for a total value of $1,417,432.80. Following the completion of the sale, the senior vice president now directly owns 3,391,040 shares in the company, valued at $40,353,376. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Snap Price Performance
Shares of SNAP stock opened at $12.15 on Tuesday. The stock’s fifty day moving average is $9.65 and its 200-day moving average is $10.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.83 and a current ratio of 4.83. Snap Inc. has a 52 week low of $7.86 and a 52 week high of $13.89. The stock has a market capitalization of $20.00 billion, a PE ratio of -14.19 and a beta of 1.20.
Snap (NYSE:SNAP – Get Free Report) last posted its quarterly earnings data on Tuesday, October 24th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.03. Snap had a negative net margin of 29.99% and a negative return on equity of 44.24%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Equities research analysts expect that Snap Inc. will post -0.79 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of SNAP. SRS Investment Management LLC bought a new stake in shares of Snap during the second quarter worth $623,522,000. Wellington Management Group LLP raised its holdings in Snap by 95.8% during the 1st quarter. Wellington Management Group LLP now owns 17,811,242 shares of the company’s stock worth $641,028,000 after purchasing an additional 8,712,380 shares during the last quarter. Capital World Investors lifted its position in Snap by 25.7% during the 2nd quarter. Capital World Investors now owns 38,541,836 shares of the company’s stock valued at $456,335,000 after purchasing an additional 7,888,448 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Snap by 31.3% in the 1st quarter. Two Sigma Advisers LP now owns 24,618,677 shares of the company’s stock valued at $275,975,000 after purchasing an additional 5,874,300 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Snap by 136.1% during the 2nd quarter. SG Americas Securities LLC now owns 5,991,492 shares of the company’s stock worth $70,939,000 after buying an additional 3,454,261 shares during the period. Institutional investors and hedge funds own 44.37% of the company’s stock.
Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
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