Snap (NYSE:SNAP) CFO Sells $524,319.12 in Stock

by · The Markets Daily

Snap Inc. (NYSE:SNAP – Get Free Report) CFO Derek Andersen sold 62,868 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $8.34, for a total value of $524,319.12. Following the completion of the transaction, the chief financial officer directly owned 3,030,301 shares of the company’s stock, valued at approximately $25,272,710.34. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Derek Andersen also recently made the following trade(s):

  • On Friday, November 14th, Derek Andersen sold 16,412 shares of Snap stock. The shares were sold at an average price of $8.40, for a total value of $137,860.80.
  • On Tuesday, September 16th, Derek Andersen sold 33,871 shares of Snap stock. The shares were sold at an average price of $7.56, for a total value of $256,064.76.

Snap Price Performance

SNAP stock traded up $0.08 during trading on Tuesday, hitting $8.26. 55,058,654 shares of the stock traded hands, compared to its average volume of 53,222,629. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of -28.46 and a beta of 0.89. The company has a 50 day simple moving average of $8.01 and a 200 day simple moving average of $8.27. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 1.57. Snap Inc. has a one year low of $6.90 and a one year high of $13.28.

Snap (NYSE:SNAP – Get Free Report) last released 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). Snap had a negative net margin of 8.60% and a negative return on equity of 21.61%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business earned ($0.09) earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Snap has set its Q4 2025 guidance at EPS. Equities analysts expect that Snap Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on SNAP. Piper Sandler increased their price target on shares of Snap from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Snap in a research note on Wednesday, October 8th. Bank of America cut their price target on Snap from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Wells Fargo & Company raised their price target on Snap from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Finally, JMP Securities reissued a “market perform” rating on shares of Snap in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Snap has an average rating of “Hold” and an average target price of $35.06.

Read Our Latest Stock Analysis on SNAP

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its stake in Snap by 169.9% in the second quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock valued at $26,000 after purchasing an additional 1,852 shares in the last quarter. Quarry LP acquired a new stake in Snap during the 1st quarter worth $34,000. Itau Unibanco Holding S.A. acquired a new position in Snap in the first quarter valued at about $35,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Snap during the third quarter worth about $33,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Snap in the 1st quarter valued at approximately $44,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

About Snap

(Get Free Report)

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.

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