Snap Inc. (NYSE:SNAP) VP Timothy Sehn sold 400,000 shares of Snap stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $14.85, for a total value of $5,940,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Tuesday, September 5th, Timothy Sehn sold 400,000 shares of Snap stock. The shares were sold at an average price of $14.34, for a total value of $5,736,000.00.
  • 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. (SNAP) traded down 0.75% on Wednesday, reaching $14.53. The company had a trading volume of 15,687,480 shares. The stock’s 50 day moving average is $14.50 and its 200 day moving average is $17.61. Snap Inc. has a 52 week low of $11.28 and a 52 week high of $29.44. The firm’s market capitalization is $17.39 billion.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Thursday, August 10th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.07). The business had revenue of $181.70 million for the quarter, compared to analyst estimates of $186.49 million. The firm’s quarterly revenue was up 153.1% on a year-over-year basis. On average, equities analysts anticipate that Snap Inc. will post ($0.64) EPS for the current year.

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Several brokerages have issued reports on SNAP. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $14.00 price target (down previously from $16.00) on shares of Snap in a research note on Monday, September 25th. Wedbush began coverage on Snap in a research note on Wednesday, August 30th. They set a “neutral” rating and a $12.00 price target for the company. Vetr raised Snap from a “sell” rating to a “hold” rating and set a $13.95 price target for the company in a research note on Tuesday, July 25th. Monness Crespi & Hardt lowered Snap from a “buy” rating to a “neutral” rating in a research note on Friday, August 11th. Finally, Deutsche Bank AG lowered Snap from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.00 to $17.00 in a research note on Monday, September 11th. Ten research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.21.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its stake in Snap by 8.3% in the second quarter. Pacer Advisors Inc. now owns 9,869 shares of the company’s stock worth $175,000 after purchasing an additional 757 shares during the last quarter. Private Advisor Group LLC lifted its stake in Snap by 6.7% in the second quarter. Private Advisor Group LLC now owns 22,293 shares of the company’s stock worth $379,000 after purchasing an additional 1,393 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its stake in Snap by 6.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 42,406 shares of the company’s stock worth $754,000 after purchasing an additional 2,530 shares during the last quarter. WFG Advisors LP lifted its stake in Snap by 52.4% in the second quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock worth $131,000 after purchasing an additional 2,537 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Snap by 21.1% in the second quarter. Oppenheimer & Co. Inc. now owns 19,816 shares of the company’s stock worth $352,000 after purchasing an additional 3,447 shares during the last quarter. 16.40% of the stock is owned by institutional investors and hedge funds.

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.

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

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