Snap (NYSE:SNAP) Insider Sells $560,893.30 in Stock

Snap Inc. (NYSE:SNAP) insider Ajit Mohan sold 119,339 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.70, for a total transaction of $560,893.30. Following the transaction, the insider owned 5,158,477 shares of the company’s stock, valued at approximately $24,244,841.90. This represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ajit Mohan also recently made the following trade(s):

• On Friday, January 16th, Ajit Mohan sold 20,848 shares of Snap stock. The shares were sold at an average price of $7.62, for a total transaction of $158,861.76.
• On Tuesday, December 16th, Ajit Mohan sold 28,137 shares of Snap stock. The shares were sold at an average price of $7.21, for a total transaction of $202,867.77.

Snap Stock Up 2.7%

SNAP opened at $5.14 on Friday. The company has a market capitalization of $8.67 billion, a PE ratio of -19.02 and a beta of 0.83. The firm has a 50-day simple moving average of $7.03 and a two-hundred day simple moving average of $7.50. The company has a quick ratio of 3.56, a current ratio of 3.56 and a debt-to-equity ratio of 1.53. Snap Inc. has a 52 week low of $4.65 and a 52 week high of $10.80.

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

Key Snap News

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in shares of Snap by 5.1% during the third quarter. Mackenzie Financial Corp now owns 27,638 shares of the company’s stock worth $213,000 after buying an additional 1,349 shares in the last quarter. WealthCollab LLC raised its holdings in shares of Snap by 1.2% during the 4th quarter. WealthCollab LLC now owns 115,390 shares of the company’s stock worth $931,000 after acquiring an additional 1,369 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Snap by 0.3% during the 3rd quarter. Alliancebernstein L.P. now owns 414,416 shares of the company’s stock worth $3,195,000 after buying an additional 1,396 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Snap by 8.3% in the second quarter. Orion Porfolio Solutions LLC now owns 18,913 shares of the company’s stock valued at $164,000 after purchasing an additional 1,451 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its position in Snap by 37.5% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,500 shares of the company’s stock valued at $44,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 47.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Snap from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Arete Research set a $7.30 price objective on shares of Snap and gave the company a “buy” rating in a research note on Tuesday, February 10th. Cantor Fitzgerald reduced their price objective on shares of Snap from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. New Street Research downgraded Snap from a “buy” rating to a “neutral” rating in a report on Tuesday, October 28th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $8.00 price objective on shares of Snap in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-one have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Snap has an average rating of “Hold” and a consensus target price of $8.43.

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.