Douglas Hott Sells 114,702 Shares of Snap (NYSE:SNAP) Stock

20 May 2026, 21:17 by Teresa Graham · The Cerbat Gem

Snap Inc. (NYSE:SNAP – Get Free Report) CFO Douglas Hott sold 114,702 shares of Snap stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $5.67, for a total value of $650,360.34. Following the completion of the transaction, the chief financial officer owned 2,456,447 shares of the company’s stock, valued at approximately $13,928,054.49. This represents a 4.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Douglas Hott also recently made the following trade(s):

On Monday, May 18th, Douglas Hott sold 124,209 shares of Snap stock. The shares were sold at an average price of $5.60, for a total value of $695,570.40.

Snap Price Performance

Shares of Snap stock traded up $0.07 on Wednesday, hitting $5.62. The company’s stock had a trading volume of 25,514,032 shares, compared to its average volume of 44,708,984. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.53 and a current ratio of 3.53. Snap Inc. has a 1 year low of $3.81 and a 1 year high of $10.41. The firm has a fifty day moving average price of $5.21 and a 200-day moving average price of $6.44. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of -23.40 and a beta of 1.05.

Snap (NYSE:SNAP – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.14). Snap had a negative net margin of 6.72% and a negative return on equity of 18.92%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. Snap’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Snap Inc. will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snap

Large investors have recently bought and sold shares of the company. Allworth Financial LP increased its stake in Snap by 92.3% during the 3rd quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock worth $25,000 after buying an additional 1,581 shares in the last quarter. Oak Harvest Investment Services purchased a new stake in Snap during the 4th quarter worth approximately $26,000. Arax Advisory Partners increased its stake in Snap by 220.0% during the 4th quarter. Arax Advisory Partners now owns 3,309 shares of the company’s stock worth $27,000 after buying an additional 2,275 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Snap during the 4th quarter worth approximately $29,000. Finally, EverSource Wealth Advisors LLC increased its stake in Snap by 561.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company’s stock worth $29,000 after buying an additional 3,071 shares in the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Snap

Here are the key news stories impacting Snap this week:

Positive Sentiment: Snap appointed Luke Wood, the former President of Beats by Dr. Dre and former Apple executive, to its board of directors. Investors may view the hire as a positive signal for product, brand, and consumer-tech strategy. Luke Wood Joins Snap Inc. Board of Directors
Neutral Sentiment: Snap’s latest earnings call was described as a “cautious comeback,” suggesting management may have sounded more measured on the recovery path rather than issuing a clearly bullish surprise. Snap Inc. Earnings Call Signals Cautious Comeback
Negative Sentiment: Multiple insiders, including CFO Douglas Hott, General Counsel Zachary M. Briers, CAO Rebecca Morrow, and insider Ajit Mohan, sold shares in recent days. The company said the transactions were tied to tax withholding on equity vesting, which makes them less alarming, but the breadth of selling can still pressure sentiment. SEC filing for CFO sale

Analysts Set New Price Targets

Several brokerages recently weighed in on SNAP. Morgan Stanley cut their price target on Snap from $9.50 to $6.50 and set an “equal weight” rating for the company in a research note on Sunday, February 22nd. HSBC lowered Snap from a “hold” rating to a “hold” rating in a research note on Monday, April 27th. TD Cowen began coverage on Snap in a research note on Monday, April 27th. They issued a “buy” rating for the company. Piper Sandler restated a “neutral” rating on shares of Snap in a research note on Thursday, February 5th. Finally, Tigress Financial assumed coverage on Snap in a research note on Monday, April 27th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.91.

View Our Latest Analysis on Snap

Snap Company Profile

(Get Free Report)

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.