Snap (NYSE:SNAP) General Counsel Sells $185,520.00 in Stock

Snap Inc. (NYSE:SNAP) General Counsel Michael O’sullivan sold 24,000 shares of Snap stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $7.73, for a total transaction of $185,520.00. Following the transaction, the general counsel owned 490,454 shares in the company, valued at approximately $3,791,209.42. The trade was a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Snap Price Performance

SNAP opened at $8.01 on Friday. The firm has a market capitalization of $13.54 billion, a P/E ratio of -27.62 and a beta of 0.89. The stock has a fifty day moving average of $7.82 and a 200-day moving average of $8.25. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73. Snap Inc. has a 12-month low of $6.90 and a 12-month high of $13.28.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Snap had a negative net margin of 8.60% and a negative return on equity of 21.49%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. Snap has set its Q4 2025 guidance at EPS. Equities analysts forecast that Snap Inc. will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Snap

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Snap by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock worth $953,601,000 after purchasing an additional 6,921,841 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Snap by 110.4% during the first quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company’s stock valued at $95,549,000 after buying an additional 5,930,766 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Snap by 4,603.7% in the second quarter. SG Americas Securities LLC now owns 3,006,711 shares of the company’s stock valued at $26,128,000 after buying an additional 2,942,789 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Snap by 38.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 4,777,523 shares of the company’s stock worth $41,612,000 after buying an additional 1,336,264 shares in the last quarter. Finally, Invenomic Capital Management LP increased its stake in Snap by 180.2% during the first quarter. Invenomic Capital Management LP now owns 1,983,447 shares of the company’s stock valued at $17,276,000 after acquiring an additional 1,275,630 shares during the period. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SNAP shares. Evercore ISI upped their target price on Snap from $11.00 to $12.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. Zacks Research lowered shares of Snap from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Mizuho initiated coverage on shares of Snap in a research report on Monday, September 29th. They issued a “neutral” rating and a $9.00 target price for the company. Piper Sandler boosted their price target on shares of Snap from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Sanford C. Bernstein upped their price target on shares of Snap from $9.00 to $10.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.94.

Snap Company Profile

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.