Jerry James Hunter Sells 63,913 Shares of Snap Inc. (NYSE:SNAP) Stock

Snap Inc. (NYSE:SNAPGet Rating) VP Jerry James Hunter sold 63,913 shares of Snap stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $23.83, for a total transaction of $1,523,046.79. Following the completion of the transaction, the vice president now directly owns 1,379,515 shares in the company, valued at approximately $32,873,842.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jerry James Hunter also recently made the following trade(s):

  • On Wednesday, May 18th, Jerry James Hunter sold 41,961 shares of Snap stock. The shares were sold at an average price of $24.08, for a total transaction of $1,010,420.88.

NYSE:SNAP opened at $22.73 on Thursday. Snap Inc. has a 52 week low of $20.95 and a 52 week high of $83.34. The company has a debt-to-equity ratio of 1.05, a quick ratio of 7.19 and a current ratio of 7.19. The firm’s fifty day moving average is $31.43 and its 200-day moving average is $39.06. The firm has a market cap of $37.19 billion, a P/E ratio of -63.14 and a beta of 1.18.

Snap (NYSE:SNAPGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. Snap had a negative return on equity of 16.37% and a negative net margin of 12.71%. The business’s revenue was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.19) earnings per share. As a group, sell-side analysts anticipate that Snap Inc. will post -0.43 earnings per share for the current year.

Several research firms have issued reports on SNAP. Morgan Stanley dropped their price target on Snap from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. Bank of America raised Snap from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Friday, February 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Snap in a report on Friday, March 11th. They issued a “buy” rating and a $45.00 price objective on the stock. Barclays reduced their target price on shares of Snap from $77.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on Snap from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $52.29.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Baader Bank INC bought a new position in shares of Snap during the 1st quarter worth approximately $1,296,000. Worldquant Millennium Advisors LLC increased its stake in Snap by 2,845.7% in the first quarter. Worldquant Millennium Advisors LLC now owns 307,504 shares of the company’s stock valued at $11,067,000 after purchasing an additional 297,065 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Snap by 148.4% during the first quarter. Wealthfront Advisers LLC now owns 21,993 shares of the company’s stock valued at $792,000 after purchasing an additional 13,140 shares during the period. Weiss Multi Strategy Advisers LLC bought a new position in shares of Snap during the 1st quarter worth about $8,074,000. Finally, Virtu Financial LLC acquired a new stake in shares of Snap in the 1st quarter valued at about $372,000. 53.88% of the stock is currently owned by hedge funds and other institutional investors.

Snap Company Profile (Get Rating)

Snap Inc operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images.

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

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