Insider Selling: Snap Inc (SNAP) VP Sells 151,872 Shares of Stock
Snap Inc (NYSE:SNAP) VP Steven Michael Horowitz sold 151,872 shares of Snap stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $14.06, for a total value of $2,135,320.32. Following the completion of the transaction, the vice president now owns 2,296,890 shares in the company, valued at approximately $32,294,273.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Steven Michael Horowitz also recently made the following trade(s):
- On Thursday, November 16th, Steven Michael Horowitz sold 286,332 shares of Snap stock. The shares were sold at an average price of $12.54, for a total value of $3,590,603.28.
Shares of Snap Inc (SNAP) traded down $0.34 on Wednesday, reaching $14.60. The company’s stock had a trading volume of 25,866,611 shares, compared to its average volume of 25,507,723. Snap Inc has a 12-month low of $11.28 and a 12-month high of $29.44.
Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Snap by 10.0% during the second quarter. BlackRock Inc. now owns 10,343,549 shares of the company’s stock worth $183,805,000 after purchasing an additional 936,791 shares during the period. Brighton Jones LLC acquired a new position in shares of Snap during the second quarter worth approximately $312,000. State Treasurer State of Michigan acquired a new position in shares of Snap during the third quarter worth approximately $15,714,000. Baker Avenue Asset Management LP acquired a new position in shares of Snap during the second quarter worth approximately $518,000. Finally, Hodges Capital Management Inc. acquired a new position in shares of Snap during the third quarter worth approximately $7,997,000. 18.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on SNAP shares. Vetr upgraded Snap from a “hold” rating to a “strong-buy” rating and set a $18.29 target price on the stock in a research report on Thursday, October 19th. Drexel Hamilton restated a “buy” rating and set a $30.00 price target on shares of Snap in a report on Thursday, September 14th. Morgan Stanley cut Snap from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 9th. Cantor Fitzgerald restated a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Snap in a report on Friday, September 15th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $20.00 price target on shares of Snap in a report on Sunday, October 8th. Sixteen analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have issued a buy rating to the company. Snap has an average rating of “Hold” and a consensus target price of $16.88.
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.
Receive News & Ratings for Snap Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap Inc and related companies with MarketBeat.com's FREE daily email newsletter.