Insider Selling: Snap (NYSE:SNAP) General Counsel Sells $725,160.80 in Stock

Posted by on May 23rd, 2026

Snap Inc. (NYSE:SNAP – Get Free Report) General Counsel Zachary Briers sold 129,493 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.60, for a total transaction of $725,160.80. Following the completion of the transaction, the general counsel directly owned 2,644,538 shares in the company, valued at approximately $14,809,412.80. The trade was a 4.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Snap Price Performance

Shares of SNAP stock opened at $5.72 on Friday. Snap Inc. has a 52-week low of $3.81 and a 52-week high of $10.41. The stock has a market cap of $9.65 billion, a PE ratio of -23.81 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.53 and a current ratio of 3.53. The firm’s 50 day moving average price is $5.25 and its two-hundred day moving average price is $6.42.

Snap (NYSE:SNAP – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Snap had a negative net margin of 6.72% and a negative return on equity of 18.92%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business posted ($0.08) earnings per share. Snap’s revenue was up 12.2% compared to the same quarter last year. As a group, analysts forecast that Snap Inc. will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Snap

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNAP. Empowered Funds LLC increased its stake in Snap by 13.3% in the 1st quarter. Empowered Funds LLC now owns 40,393 shares of the company’s stock valued at $352,000 after buying an additional 4,754 shares during the last quarter. Prudential Financial Inc. acquired a new stake in Snap in the 2nd quarter valued at $136,000. Investment Management Corp of Ontario increased its stake in Snap by 104.0% in the 2nd quarter. Investment Management Corp of Ontario now owns 61,513 shares of the company’s stock valued at $535,000 after buying an additional 31,357 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in Snap in the 2nd quarter valued at $1,675,000. Finally, The Manufacturers Life Insurance Company increased its stake in Snap by 52.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 89,337 shares of the company’s stock valued at $776,000 after buying an additional 30,561 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNAP has been the topic of a number of recent analyst reports. Canaccord Genuity Group reduced their price target on shares of Snap from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. TD Cowen initiated coverage on shares of Snap in a research report on Monday, April 27th. They set a “buy” rating on the stock. Loop Capital set a $8.00 price target on shares of Snap in a research report on Monday, February 23rd. Rosenblatt Securities reissued a “neutral” rating and set a $6.40 price target on shares of Snap in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Snap from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.91.

View Our Latest Research Report on Snap

About Snap

(Get Free Report)

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.

Featured Stories

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

Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter.