Snap Inc. (NYSE:SNAP) CEO Evan Spiegel sold 739,663 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $13.63, for a total transaction of $10,081,606.69. Following the completion of the sale, the chief executive officer now directly owns 85,744,509 shares of the company’s stock, valued at $1,168,697,657.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Evan Spiegel also recently made the following trade(s):

  • On Thursday, November 9th, Evan Spiegel sold 1,652,966 shares of Snap stock. The shares were sold at an average price of $12.42, for a total transaction of $20,529,837.72.

Snap Inc. (NYSE SNAP) traded up $0.09 during midday trading on Friday, hitting $13.87. 19,245,235 shares of the company traded hands, compared to its average volume of 25,352,406. Snap Inc. has a 1 year low of $11.28 and a 1 year high of $29.44.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.17. The firm had revenue of $207.90 million for the quarter, compared to the consensus estimate of $236.71 million. The company’s revenue was up 62.2% on a year-over-year basis. analysts forecast that Snap Inc. will post -3.04 earnings per share for the current year.

Several research firms have issued reports on SNAP. Deutsche Bank reissued a “hold” rating and issued a $11.00 price objective on shares of Snap in a research report on Thursday. Wells Fargo & Company reissued a “hold” rating on shares of Snap in a research report on Wednesday. Monness Crespi & Hardt cut shares of Snap from a “buy” rating to a “neutral” rating in a research report on Friday, August 11th. Bank of America reissued a “neutral” rating and issued a $17.00 price objective (down from $20.00) on shares of Snap in a research report on Friday, August 11th. Finally, Summit Redstone reissued a “sell” rating and issued a $8.00 price objective (down from $10.00) on shares of Snap in a research report on Friday, August 11th. Fifteen equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.98.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. raised its stake in shares of Snap by 95.7% during the 3rd quarter. Moors & Cabot Inc. now owns 27,150 shares of the company’s stock worth $396,000 after acquiring an additional 13,280 shares in the last quarter. Highlander Capital Management LLC raised its stake in shares of Snap by 169.6% during the 3rd quarter. Highlander Capital Management LLC now owns 30,200 shares of the company’s stock worth $439,000 after acquiring an additional 19,000 shares in the last quarter. California Public Employees Retirement System bought a new position in shares of Snap during the 3rd quarter worth approximately $1,576,000. Janney Montgomery Scott LLC bought a new position in shares of Snap during the 3rd quarter worth approximately $243,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Snap by 49.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 64,577 shares of the company’s stock worth $939,000 after acquiring an additional 21,262 shares in the last quarter. Hedge funds and other institutional investors own 18.88% of the company’s stock.

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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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