Snap (NYSE:SNAP) CFO Derek Andersen Sells 62,868 Shares

Snap Inc. (NYSE:SNAP) CFO Derek Andersen sold 62,868 shares of Snap stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $8.34, for a total value of $524,319.12. Following the transaction, the chief financial officer directly owned 3,030,301 shares in the company, valued at approximately $25,272,710.34. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Derek Andersen also recently made the following trade(s):

• On Friday, November 14th, Derek Andersen sold 16,412 shares of Snap stock. The shares were sold at an average price of $8.40, for a total transaction of $137,860.80.
• On Tuesday, September 16th, Derek Andersen sold 33,871 shares of Snap stock. The shares were sold at an average price of $7.56, for a total transaction of $256,064.76.

Snap Price Performance

Snap stock traded up $0.08 during mid-day trading on Tuesday, hitting $8.26. The company’s stock had a trading volume of 55,058,654 shares, compared to its average volume of 53,222,629. Snap Inc. has a twelve month low of $6.90 and a twelve month high of $13.28. The stock’s fifty day moving average price is $8.01 and its two-hundred day moving average price is $8.27. The stock has a market capitalization of $14.19 billion, a P/E ratio of -28.46 and a beta of 0.89. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 1.57.

Snap (NYSE:SNAP) last announced its earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Snap had a negative return on equity of 21.61% and a negative net margin of 8.60%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm earned ($0.09) earnings per share. Snap has set its Q4 2025 guidance at EPS. Research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Snap from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. New Street Research downgraded shares of Snap from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 28th. Zacks Research cut Snap from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. UBS Group lifted their price target on Snap from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Stifel Nicolaus set a $7.00 price objective on Snap in a research note on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Silvant Capital Management LLC lifted its position in shares of Snap by 11.0% in the third quarter. Silvant Capital Management LLC now owns 16,426 shares of the company’s stock worth $127,000 after buying an additional 1,629 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Snap by 1.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,022,443 shares of the company’s stock worth $31,013,000 after buying an additional 53,611 shares during the last quarter. Armistice Capital LLC bought a new position in Snap in the 3rd quarter worth $99,000. CANADA LIFE ASSURANCE Co grew its position in shares of Snap by 66.8% in the third quarter. CANADA LIFE ASSURANCE Co now owns 1,992,807 shares of the company’s stock valued at $16,716,000 after purchasing an additional 797,917 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Snap during the 3rd quarter worth about $84,000. Institutional investors own 47.52% of the company’s stock.

About Snap

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.