Insider Selling: Snap (NYSE:SNAP) General Counsel Sells $69,079.48 in Stock

Snap Inc. (NYSE:SNAP) General Counsel Zachary Briers sold 11,437 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $6.04, for a total transaction of $69,079.48. Following the completion of the transaction, the general counsel owned 2,774,031 shares in the company, valued at approximately $16,755,147.24. This trade represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Snap Price Performance

Shares of NYSE SNAP opened at $6.03 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.56 and a quick ratio of 3.56. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of -22.31 and a beta of 0.91. The firm’s 50 day simple moving average is $4.91 and its 200-day simple moving average is $6.76. Snap Inc. has a 12 month low of $3.81 and a 12 month high of $10.41.

Snap (NYSE:SNAP) last posted its 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 net margin of 7.76% and a negative return on equity of 20.72%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Snap Inc. will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in shares of Snap by 44.7% during the 1st quarter. SG Americas Securities LLC now owns 4,535,783 shares of the company’s stock valued at $20,865,000 after buying an additional 1,401,178 shares in the last quarter. Evolve Private Wealth LLC purchased a new position in shares of Snap during the 1st quarter valued at approximately $51,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Snap by 27.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 68,796 shares of the company’s stock valued at $316,000 after buying an additional 14,639 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Snap by 14.2% during the 4th quarter. Corient Private Wealth LLC now owns 56,092 shares of the company’s stock valued at $453,000 after buying an additional 6,956 shares in the last quarter. Finally, Tobam lifted its position in shares of Snap by 953.3% during the 4th quarter. Tobam now owns 47,305 shares of the company’s stock valued at $382,000 after buying an additional 42,814 shares in the last quarter. Hedge funds and other institutional investors own 47.52% of the company’s stock.

Analysts Set New Price Targets

SNAP has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of Snap from $9.50 to $6.50 and set an “equal weight” rating for the company in a research note on Sunday, February 22nd. Rosenblatt Securities reiterated a “neutral” rating and issued a $6.40 target price on shares of Snap in a research note on Thursday. BMO Capital Markets boosted their target price on shares of Snap from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Snap in a research note on Wednesday, January 21st. Finally, Bank of America upgraded shares of Snap from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.17.

Snap News Summary

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Large workforce cut aimed at AI efficiencies and cost savings — management will eliminate ~1,000 roles (about 16% of staff), closing ~300 open roles; the market initially reacted favorably on the prospect of faster path to profitability. Snap cuts 1,000 jobs as AI drives wave of tech sector layoffs
• Positive Sentiment: Analyst bullish move — BMO Capital raised its price target to $15 (from $13) and kept an Outperform rating, signaling some analysts see the restructuring as a potential catalyst for re-rating. BMO Raises Snap’s Target After 1,000-Job Cut
• Positive Sentiment: Other tactical bullish calls — Roth Capital and commentators highlighted Snap’s long-standing AI/AR assets and suggested the stock can be a tactical buy if cost cuts accelerate margin improvement. Is Snap Inc. Really Worth It After Roth Capital Names It A Positive Tactical Trade?
• Neutral Sentiment: Mixed analyst positioning — Guggenheim and Rosenblatt reaffirmed Neutral ratings with modest targets ($6.50 and $6.40), implying limited near-term upside from current levels absent clearer proof the restructuring boosts profits. Benzinga coverage of analyst ratings
• Neutral Sentiment: Market reaction has been volatile — Zacks and other outlets noted a recent intraday surge on heavy volume but warned momentum may not persist without earnings revisions. Snap (SNAP) Surges 7.9%: Is This an Indication of Further Gains?
• Neutral Sentiment: Analyst/feature pieces evaluating the restructure — commentary such as Seeking Alpha’s “Cutting The Bloat” treats the layoffs as a possible necessary reset but flags execution risk. Snap: Cutting The Bloat
• Negative Sentiment: Investor lawsuit probe launched — Pomerantz LLP is investigating potential claims on behalf of shareholders, raising legal and disclosure risk that could create downside if investigations progress. Pomerantz investigates claims on behalf of Snap investors
• Negative Sentiment: Reputational/leadership hit — CEO Evan Spiegel faced backlash after appearing at Coachella shortly before announcing layoffs, a PR headwind that can weigh on sentiment and employee morale. Snap CEO faces backlash over Coachella appearance
• Negative Sentiment: Critical coverage and activist pressure — opinion pieces question Snap’s structural competitiveness, and activist Irenic Capital’s push for deeper cost savings increases governance scrutiny and execution risk. Snap Was Always A Terrible Company Snapchat parent company cuts 1,000 jobs

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.