Snap Inc. (NYSE:SNAP – Get Free Report) General Counsel Michael J. O’sullivan sold 59,053 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.29, for a total value of $548,602.37. Following the transaction, the general counsel now directly owns 1,258,278 shares in the company, valued at approximately $11,689,402.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Snap Stock Down 0.1 %
Shares of SNAP stock opened at $10.06 on Friday. The firm’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $12.81. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.74. Snap Inc. has a 1 year low of $8.28 and a 1 year high of $17.90. The firm has a market capitalization of $16.69 billion, a P/E ratio of -12.42 and a beta of 1.00.
Snap (NYSE:SNAP – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.25 billion. Snap had a negative return on equity of 42.84% and a negative net margin of 23.49%. On average, equities analysts predict that Snap Inc. will post -0.48 EPS for the current fiscal year.
Analyst Ratings Changes
View Our Latest Research Report on Snap
Hedge Funds Weigh In On Snap
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its position in shares of Snap by 12.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 40,341 shares of the company’s stock valued at $683,000 after acquiring an additional 4,307 shares during the period. Carmignac Gestion bought a new stake in Snap in the fourth quarter valued at approximately $110,103,000. TCW Group Inc. acquired a new stake in shares of Snap in the fourth quarter valued at approximately $275,000. V Square Quantitative Management LLC lifted its position in shares of Snap by 72.7% in the fourth quarter. V Square Quantitative Management LLC now owns 11,119 shares of the company’s stock valued at $188,000 after buying an additional 4,679 shares during the last quarter. Finally, Alta Park Capital LP bought a new position in shares of Snap during the 4th quarter worth approximately $13,845,000. 47.52% of the stock is owned by institutional investors.
Snap Company Profile
Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
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