Snap (NYSE:SNAP) General Counsel Sells $633,113.50 in Stock

Snap Inc. (NYSE:SNAP) General Counsel Zachary Briers sold 134,705 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $4.70, for a total value of $633,113.50. Following the transaction, the general counsel directly owned 2,854,088 shares in the company, valued at $13,414,213.60. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Snap Trading Up 2.7%

NYSE SNAP opened at $5.14 on Friday. Snap Inc. has a 12 month low of $4.65 and a 12 month high of $10.80. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 1.53. The stock has a 50 day moving average of $7.03 and a 200-day moving average of $7.50. The company has a market cap of $8.67 billion, a PE ratio of -19.02 and a beta of 0.83.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Snap had a negative return on equity of 20.72% and a negative net margin of 7.76%.The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company posted $0.01 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that Snap Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SNAP. B. Riley Financial raised Snap from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday, February 5th. Guggenheim reaffirmed a “neutral” rating and set a $6.50 price target on shares of Snap in a report on Thursday, February 5th. Evercore reiterated a “mixed” rating on shares of Snap in a report on Thursday, February 5th. Truist Financial increased their price objective on shares of Snap from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Snap in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.43.

Hedge Funds Weigh In On Snap

Several institutional investors and hedge funds have recently modified their holdings of SNAP. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Snap by 31.7% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,208,697 shares of the company’s stock valued at $36,574,000 after buying an additional 1,013,757 shares during the period. Nikko Asset Management Americas Inc. lifted its position in shares of Snap by 94.1% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,107,288 shares of the company’s stock valued at $18,312,000 after acquiring an additional 1,021,677 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Snap during the 2nd quarter worth $2,723,000. Arkadios Wealth Advisors acquired a new stake in shares of Snap during the 2nd quarter worth $1,256,000. Finally, CWM LLC increased its position in shares of Snap by 50.5% in the third quarter. CWM LLC now owns 387,935 shares of the company’s stock worth $2,991,000 after purchasing an additional 130,172 shares during the period. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Snap

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Company initiatives: Snap unveiled Creator Subscriptions to build recurring creator revenue, introduced new AR glasses to expand its hardware/AR roadmap, and announced a US$500 million share buyback aimed at offsetting dilution — all of which support a narrative of diversified, higher‑margin revenue and capital return. Snap Tests New Revenue Mix
• Positive Sentiment: Analyst upgrade: Arete Research upgraded SNAP to Buy and highlighted higher‑margin recurring revenue as a near‑term catalyst, reinforcing investor optimism about monetization of new products. Arete Cites Higher‑Margin Recurring Revenue
• Neutral Sentiment: Institutional activity: Large funds (Vanguard, Capital World, Geode, etc.) show continued ownership increases, which provides base demand but doesn’t guarantee near‑term upside. MarketBeat SNAP Overview
• Negative Sentiment: Analyst downside risk: Citi cut its price target from $10 to $6 and kept a Neutral rating, citing persistent brand‑advertising headwinds after Q4 — a reminder ad recovery may be slow and pressure valuations. Citi Lowers Snap PT to $6
• Negative Sentiment: Insider selling: Several senior executives (GC, CFO, CAO and others) disclosed open‑market sales totaling hundreds of thousands of shares in mid‑Feb, which can be interpreted as a near‑term negative signal for sentiment. Insider Selling Alerts
• Negative Sentiment: Recent earnings pressure: Snap’s Q4 report showed revenue growth but an EPS miss (reported EPS below consensus), keeping profitability and margin recovery questions on investors’ minds. Snap Earnings/Analyst Coverage

About Snap

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.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.