Snap Inc. (NYSE:SNAP) VP Timothy Sehn sold 400,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $14.34, for a total value of $5,736,000.00. Following the completion of the sale, the vice president now owns 2,804,168 shares in the company, valued at $40,211,769.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Timothy Sehn also recently made the following trade(s):

  • On Wednesday, August 23rd, Timothy Sehn sold 150,000 shares of Snap stock. The shares were sold at an average price of $15.00, for a total value of $2,250,000.00.
  • On Monday, August 14th, Timothy Sehn sold 400,000 shares of Snap stock. The shares were sold at an average price of $12.50, for a total value of $5,000,000.00.

Shares of Snap Inc. (NYSE:SNAP) traded up 1.25% during midday trading on Friday, reaching $15.34. The company’s stock had a trading volume of 36,588,463 shares. Snap Inc. has a 1-year low of $11.28 and a 1-year high of $29.44. The company’s market capitalization is $18.36 billion. The stock has a 50 day moving average of $13.90 and a 200-day moving average of $18.46.

Snap (NYSE:SNAP) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.29) by $0.07. The business had revenue of $181.70 million for the quarter, compared to the consensus estimate of $186.49 million. The company’s revenue for the quarter was up 153.1% on a year-over-year basis. On average, equities research analysts anticipate that Snap Inc. will post ($0.63) earnings per share for the current year.

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A number of research firms have recently commented on SNAP. UBS AG upgraded Snap from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $24.00 to $19.00 in a research report on Thursday, May 11th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $15.00 target price (down previously from $22.00) on shares of Snap in a research report on Friday, May 12th. Piper Jaffray Companies reiterated a “neutral” rating and set a $16.50 target price (down previously from $20.00) on shares of Snap in a research report on Thursday, July 13th. SunTrust Banks, Inc. began coverage on Snap in a research report on Tuesday, August 15th. They set a “sell” rating and a $10.00 target price on the stock. Finally, Zacks Investment Research upgraded Snap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Ten investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.33.

Institutional investors have recently bought and sold shares of the company. US Bancorp DE bought a new position in shares of Snap in the first quarter valued at approximately $101,000. Seven Bridges Advisors LLC bought a new position in shares of Snap in the second quarter valued at approximately $101,000. WFG Advisors LP bought a new position in shares of Snap in the first quarter valued at approximately $109,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Snap by 654.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,540 shares of the company’s stock valued at $134,000 after acquiring an additional 6,540 shares in the last quarter. Finally, Dubuque Bank & Trust Co. bought a new position in shares of Snap in the second quarter valued at approximately $137,000. Institutional investors and hedge funds own 16.40% of the company’s stock.

About Snap

Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

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