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

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $13.64, for a total transaction of $341,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, June 5th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.80, for a total transaction of $320,000.00.
  • On Tuesday, May 29th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.59, for a total transaction of $264,750.00.
  • On Tuesday, May 22nd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.75, for a total value of $268,750.00.
  • On Tuesday, May 15th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.62, for a total value of $265,500.00.
  • On Tuesday, May 8th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.97, for a total value of $274,250.00.
  • On Tuesday, May 1st, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.05, for a total value of $351,250.00.
  • On Tuesday, April 24th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.67, for a total value of $391,750.00.
  • On Tuesday, April 17th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.79, for a total value of $369,750.00.
  • On Tuesday, April 10th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.37, for a total value of $359,250.00.
  • On Tuesday, April 3rd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.06, for a total value of $351,500.00.

NYSE:SNAP traded up $0.23 during mid-day trading on Thursday, hitting $13.85. The company’s stock had a trading volume of 1,232,442 shares, compared to its average volume of 28,461,738. Snap Inc has a 1 year low of $10.50 and a 1 year high of $21.22. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of -6.65 and a beta of -2.79.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Tuesday, May 1st. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.16. Snap had a negative net margin of 179.04% and a negative return on equity of 49.23%. The company had revenue of $230.70 million for the quarter, compared to analyst estimates of $244.57 million. During the same period in the prior year, the company earned ($2.31) earnings per share. The firm’s revenue was up 54.2% on a year-over-year basis. research analysts predict that Snap Inc will post -1.16 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Suntrust Banks Inc. purchased a new stake in Snap in the first quarter valued at $484,000. Allianz Asset Management GmbH boosted its stake in shares of Snap by 44.7% during the 1st quarter. Allianz Asset Management GmbH now owns 7,675,255 shares of the company’s stock worth $121,806,000 after acquiring an additional 2,372,137 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Snap by 454.3% during the 1st quarter. Summit Trail Advisors LLC now owns 1,697,037 shares of the company’s stock worth $1,697,000 after acquiring an additional 1,390,901 shares in the last quarter. Adams Street Partners LLC purchased a new stake in shares of Snap during the 1st quarter worth about $3,164,000. Finally, NEXT Financial Group Inc purchased a new stake in shares of Snap during the 1st quarter worth about $163,000. 21.35% of the stock is currently owned by institutional investors.

SNAP has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their price target on Snap to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, May 2nd. ValuEngine raised Snap from a “sell” rating to a “hold” rating in a research report on Saturday, February 17th. Deutsche Bank upped their price target on Snap to $15.00 and gave the stock a “hold” rating in a research report on Monday, April 30th. Morgan Stanley upped their price target on Snap from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, April 19th. Finally, Credit Suisse Group upped their price target on Snap from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, April 20th. Eleven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.46.

Snap Company Profile

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows to creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests.

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

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