Snap Inc (SNAP) CFO Sells $1,754,396.31 in Stock

Snap Inc (NYSE:SNAP) CFO Andrew Vollero sold 94,781 shares of Snap stock in a transaction that occurred on Saturday, February 17th. The shares were sold at an average price of $18.51, for a total transaction of $1,754,396.31. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Andrew Vollero also recently made the following trade(s):

  • On Tuesday, January 16th, Andrew Vollero sold 22,881 shares of Snap stock. The shares were sold at an average price of $13.52, for a total transaction of $309,351.12.
  • On Monday, December 18th, Andrew Vollero sold 70,566 shares of Snap stock. The shares were sold at an average price of $16.09, for a total transaction of $1,135,406.94.

Snap Inc (NYSE SNAP) traded down $0.59 during trading hours on Friday, reaching $18.80. 49,995,398 shares of the company were exchanged, compared to its average volume of 27,590,000. Snap Inc has a 52 week low of $11.28 and a 52 week high of $29.44. The company has a market cap of $22,640.00 and a price-to-earnings ratio of -5.68.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Tuesday, November 7th. The company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.17. Snap had a negative net margin of 417.61% and a negative return on equity of 97.08%. The company had revenue of $207.90 million during the quarter, compared to analyst estimates of $236.71 million. Snap’s quarterly revenue was up 62.2% compared to the same quarter last year. analysts expect that Snap Inc will post -1.09 EPS for the current fiscal year.

Several equities research analysts have issued reports on SNAP shares. Vetr lowered shares of Snap from a “strong-buy” rating to a “buy” rating and set a $16.95 target price for the company. in a research report on Monday, October 30th. Drexel Hamilton reiterated a “buy” rating and set a $28.00 target price on shares of Snap in a research report on Friday, December 15th. Credit Suisse Group reiterated a “buy” rating and set a $18.00 target price on shares of Snap in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Snap from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday, January 17th. Finally, Bank of America upgraded shares of Snap from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday. Fourteen equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.25.

Large investors have recently bought and sold shares of the stock. WFG Advisors LP increased its position 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 purchasing an additional 2,537 shares during the period. The Manufacturers Life Insurance Company increased its position in Snap by 12.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 24,255 shares of the company’s stock valued at $354,000 after purchasing an additional 2,675 shares during the period. Rhumbline Advisers increased its position in Snap by 22.9% during the 3rd quarter. Rhumbline Advisers now owns 22,900 shares of the company’s stock valued at $333,000 after purchasing an additional 4,260 shares during the period. IFP Advisors Inc increased its position in Snap by 30.7% during the 3rd quarter. IFP Advisors Inc now owns 20,605 shares of the company’s stock valued at $300,000 after purchasing an additional 4,838 shares during the period. Finally, Prudential Financial Inc. increased its position in Snap by 41.2% during the 2nd quarter. Prudential Financial Inc. now owns 16,800 shares of the company’s stock valued at $299,000 after purchasing an additional 4,900 shares during the period. Institutional investors own 18.97% of the company’s stock.

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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.

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

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