Snap Inc. (NYSE:SNAP) VP Timothy Sehn sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $14.59, for a total transaction of $5,836,000.00. Following the completion of the sale, the vice president now owns 2,669,279 shares in the company, valued at approximately $38,944,780.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, October 2nd, Timothy Sehn sold 400,000 shares of Snap stock. The stock was sold at an average price of $14.85, for a total transaction of $5,940,000.00.
  • On Tuesday, September 5th, Timothy Sehn sold 400,000 shares of Snap stock. The stock was sold at an average price of $14.34, for a total transaction of $5,736,000.00.
  • On Wednesday, August 23rd, Timothy Sehn sold 150,000 shares of Snap stock. The stock was sold at an average price of $15.00, for a total transaction of $2,250,000.00.
  • On Monday, August 14th, Timothy Sehn sold 400,000 shares of Snap stock. The stock was sold at an average price of $12.50, for a total transaction of $5,000,000.00.

Snap Inc. (SNAP) traded up $0.76 during mid-day trading on Friday, hitting $15.27. 12,784,357 shares of the company were exchanged, compared to its average volume of 20,884,452.

Snap (NYSE:SNAP) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.07). The company had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $186.49 million. Snap’s revenue was up 153.1% compared to the same quarter last year. analysts predict that Snap Inc. will post -2.81 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. Seven Bridges Advisors LLC purchased a new position in shares of Snap during the 2nd quarter worth about $101,000. First Manhattan Co. lifted its holdings in Snap by 384.5% during the 3rd quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock valued at $110,000 after buying an additional 6,056 shares in the last quarter. WFG Advisors LP lifted its holdings in Snap by 52.4% during the 2nd quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock valued at $131,000 after buying an additional 2,537 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Snap by 654.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,540 shares of the company’s stock valued at $134,000 after buying an additional 6,540 shares in the last quarter. Finally, Dubuque Bank & Trust Co. bought a new stake in Snap during the 2nd quarter valued at about $137,000. 17.20% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on SNAP. Wedbush reiterated a “hold” rating and issued a $12.00 price target on shares of Snap in a research report on Friday. Vetr downgraded shares of Snap from a “strong-buy” rating to a “buy” rating and set a $16.95 price target on the stock. in a research report on Monday. BidaskClub downgraded shares of Snap from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Snap from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, SunTrust Banks, Inc. reiterated a “sell” rating and issued a $10.00 price target on shares of Snap in a research report on Thursday, October 12th. Eleven investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.14.

Snap Company Profile

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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