Mitchell Lasky Sells 25,000 Shares of Snap Inc (SNAP) Stock

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of Snap stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $18.71, for a total value of $467,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Mitchell Lasky also recently made the following trade(s):

  • On Tuesday, February 6th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.98, for a total value of $349,500.00.
  • On Tuesday, January 30th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.30, for a total value of $332,500.00.
  • On Tuesday, January 23rd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.40, for a total value of $360,000.00.
  • On Tuesday, January 16th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.54, for a total value of $338,500.00.
  • On Tuesday, January 9th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.11, for a total value of $352,750.00.
  • On Tuesday, January 2nd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.90, for a total value of $372,500.00.
  • On Tuesday, December 26th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.96, for a total value of $374,000.00.
  • On Tuesday, December 19th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.81, for a total value of $395,250.00.
  • On Tuesday, December 12th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.92, for a total value of $398,000.00.
  • On Tuesday, December 5th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $14.79, for a total value of $369,750.00.

Shares of Snap Inc (NYSE:SNAP) traded up $0.98 during trading hours on Wednesday, reaching $19.56. The company had a trading volume of 38,678,343 shares, compared to its average volume of 30,430,000. Snap Inc has a 1 year low of $11.28 and a 1 year high of $29.44. The company has a market capitalization of $23,560.00 and a PE ratio of -5.91.

A number of large investors have recently made changes to their positions in SNAP. Bank of New York Mellon Corp raised its holdings in Snap by 57.2% during the second quarter. Bank of New York Mellon Corp now owns 36,643 shares of the company’s stock worth $651,000 after purchasing an additional 13,336 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Snap during the second quarter worth approximately $278,000. UBS Asset Management Americas Inc. bought a new stake in Snap during the second quarter worth approximately $196,000. Northern Trust Corp raised its holdings in Snap by 1,633.4% during the second quarter. Northern Trust Corp now owns 240,695 shares of the company’s stock worth $4,277,000 after purchasing an additional 226,809 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Snap by 23.7% during the second quarter. Vanguard Group Inc. now owns 8,353,729 shares of the company’s stock worth $148,446,000 after purchasing an additional 1,601,170 shares in the last quarter. 18.98% of the stock is currently owned by hedge funds and other institutional investors.

SNAP has been the subject of a number of research reports. Goldman Sachs Group restated a “buy” rating and issued a $23.00 target price (up from $18.00) on shares of Snap in a research note on Thursday, February 8th. Bank of America upgraded Snap from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, February 7th. BidaskClub downgraded Snap from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Raymond James Financial restated an “underperform” rating on shares of Snap in a research note on Friday, January 12th. Finally, Wedbush restated a “hold” rating and issued a $12.00 target price on shares of Snap in a research note on Friday, November 3rd. Fourteen equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $18.25.

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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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