Imran Khan Sells 100,000 Shares of Snap Inc (SNAP) Stock
Snap Inc (NYSE:SNAP) insider Imran Khan sold 100,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $15.00, for a total value of $1,500,000.00. Following the completion of the sale, the insider now owns 10,005,173 shares in the company, valued at $150,077,595. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Imran Khan also recently made the following trade(s):
- On Wednesday, November 15th, Imran Khan sold 150,000 shares of Snap stock. The shares were sold at an average price of $12.46, for a total value of $1,869,000.00.
Shares of Snap Inc (NYSE SNAP) traded up $0.10 during trading hours on Thursday, reaching $14.70. The company’s stock had a trading volume of 16,362,702 shares, compared to its average volume of 25,460,961. Snap Inc has a 12 month low of $11.28 and a 12 month high of $29.44.
A number of large investors have recently made changes to their positions in SNAP. Coatue Management LLC grew its stake in shares of Snap by 4.5% in the second quarter. Coatue Management LLC now owns 21,898,624 shares of the company’s stock valued at $389,139,000 after buying an additional 940,900 shares in the last quarter. BlackRock Inc. grew its stake in shares of Snap by 10.0% in the second quarter. BlackRock Inc. now owns 10,343,549 shares of the company’s stock valued at $183,805,000 after buying an additional 936,791 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Snap by 23.7% in the second quarter. Vanguard Group Inc. now owns 8,353,729 shares of the company’s stock valued at $148,446,000 after buying an additional 1,601,170 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Snap by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 7,650,826 shares of the company’s stock valued at $110,556,000 after buying an additional 797,290 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Snap by 873.8% in the third quarter. First Trust Advisors LP now owns 5,884,101 shares of the company’s stock valued at $85,555,000 after buying an additional 5,279,883 shares in the last quarter. Institutional investors own 18.88% of the company’s stock.
SNAP has been the topic of several recent research reports. Vetr upgraded Snap from a “hold” rating to a “strong-buy” rating and set a $18.29 price objective on the stock in a research report on Thursday, October 19th. Drexel Hamilton restated a “buy” rating and issued a $30.00 price objective on shares of Snap in a research report on Thursday, September 14th. Morgan Stanley downgraded Snap from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 9th. Cantor Fitzgerald restated a “buy” rating and issued a $17.00 price objective (up from $15.00) on shares of Snap in a research report on Friday, September 15th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $20.00 price objective on shares of Snap in a research report on Sunday, October 8th. Sixteen investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.88.
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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.
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