Snap Inc (SNAP) VP Jerry James Hunter Sells 68,256 Shares

Snap Inc (NYSE:SNAP) VP Jerry James Hunter sold 68,256 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $11.34, for a total transaction of $774,023.04. Following the sale, the vice president now owns 1,918,693 shares in the company, valued at approximately $21,757,978.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, May 20th, Jerry James Hunter sold 107,370 shares of Snap stock. The stock was sold at an average price of $11.32, for a total transaction of $1,215,428.40.
  • On Tuesday, April 16th, Jerry James Hunter sold 8,770 shares of Snap stock. The stock was sold at an average price of $11.72, for a total transaction of $102,784.40.
  • On Thursday, April 18th, Jerry James Hunter sold 17,494 shares of Snap stock. The stock was sold at an average price of $11.50, for a total transaction of $201,181.00.
  • On Wednesday, February 20th, Jerry James Hunter sold 166,646 shares of Snap stock. The stock was sold at an average price of $9.24, for a total transaction of $1,539,809.04.

SNAP stock opened at $11.54 on Wednesday. Snap Inc has a fifty-two week low of $4.82 and a fifty-two week high of $14.47. The firm has a market capitalization of $15.40 billion, a P/E ratio of -11.90 and a beta of 1.17.

Snap (NYSE:SNAP) last posted its earnings results on Tuesday, April 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Snap had a negative net margin of 92.94% and a negative return on equity of 47.71%. The business had revenue of $320.43 million during the quarter, compared to analysts’ expectations of $306.28 million. During the same period last year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. As a group, research analysts predict that Snap Inc will post -0.76 EPS for the current year.

Several hedge funds have recently bought and sold shares of SNAP. Vanguard Group Inc grew its holdings in shares of Snap by 57.6% in the third quarter. Vanguard Group Inc now owns 47,237,907 shares of the company’s stock valued at $400,578,000 after purchasing an additional 17,260,731 shares in the last quarter. Hillhouse Capital Advisors Ltd. purchased a new position in shares of Snap in the fourth quarter valued at $38,157,000. EMS Capital LP purchased a new position in shares of Snap in the first quarter valued at $48,882,000. Whale Rock Capital Management LLC purchased a new position in shares of Snap in the first quarter valued at $39,147,000. Finally, WS Management Lllp purchased a new position in shares of Snap in the fourth quarter valued at $8,265,000. 22.95% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on SNAP shares. Zacks Investment Research upgraded shares of Snap from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research report on Tuesday, January 29th. BTIG Research upgraded shares of Snap from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Thursday, March 14th. ValuEngine upgraded shares of Snap from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Stifel Nicolaus lifted their price objective on shares of Snap from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Wednesday, February 6th. Finally, Cascend Securities upgraded shares of Snap from a “sell” rating to a “hold” rating in a research report on Friday, February 1st. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.18.

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Snap Company Profile

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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

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