CenterBook Partners LP Purchases 762,979 Shares of Snap Inc. $SNAP

Posted by Francis Steltz on Nov 7th, 2026

CenterBook Partners LP increased its position in Snap Inc. (NYSE:SNAP – Free Report) by 175.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,197,958 shares of the company’s stock after purchasing an additional 762,979 shares during the period. CenterBook Partners LP owned 0.07% of Snap worth $6,469,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allegiance Financial Group Advisory Services LLC bought a new stake in Snap during the third quarter worth about $55,000. Chicago Partners Investment Group LLC purchased a new position in shares of Snap during the third quarter valued at approximately $267,000. SFI Advisors LLC purchased a new position in shares of Snap during the third quarter valued at approximately $470,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Snap in the 3rd quarter worth approximately $355,000. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Snap in the 3rd quarter worth approximately $2,104,000. Institutional investors own 47.52% of the company’s stock.

Insider Activity at Snap

In other news, insider Ajit Mohan sold 54,608 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.20, for a total transaction of $283,961.60. Following the transaction, the insider directly owned 4,972,097 shares of the company’s stock, valued at $25,854,904.40. This represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Rebecca Morrow sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $5.35, for a total value of $107,000.00. Following the completion of the transaction, the chief accounting officer owned 578,105 shares in the company, valued at approximately $3,092,861.75. This trade represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 445,926 shares of company stock worth $2,326,930 in the last three months. 22.68% of the stock is currently owned by company insiders.

Trending Headlines about Snap

Here are the key news stories impacting Snap this week:

Positive Sentiment: Snap returned to net profitability and beat adjusted earnings expectations. Its 30 million paid subscribers also point to growing subscription revenue and a potential complement to advertising. Article: Snap Shares Fall More Than 10% as Revenue and User Growth Miss Forecasts Despite Higher Earnings Article: Snap Q3: The Potential Is There – The Conviction Isn’t
Neutral Sentiment: Traders bought a high volume of Snap call options, suggesting some are positioning for a rebound; options activity is not a reliable indication of future performance. Article: Traders Purchase High Volume of Call Options on Snap
Negative Sentiment: Third-quarter revenue rose 14% year over year to $1.72 billion but missed estimates, while daily active users also came in below expectations. The shortfalls raised concerns about the pace of Snap’s advertising recovery and overshadowed its earnings improvement. Article: Snap shares fall 13% as revenue and daily users miss estimates
Negative Sentiment: Several analysts cut price targets, reinforcing a more cautious outlook: Citigroup and UBS lowered targets to $6 and kept neutral ratings; JPMorgan cut its target to $5 and maintained an underweight rating; Cantor Fitzgerald lowered its target to $5 and stayed neutral. Barclays also halved its target to $8, though it retained an overweight rating. Citigroup ratings UBS ratings JPMorgan ratings
Negative Sentiment: Snap also announced a change in how it measures user engagement, which may complicate comparisons with prior periods as investors assess user trends. Article: Snap tumbles on revenue, user growth miss; announces metric shift

Snap Stock Performance

NYSE SNAP traded down $0.12 during trading hours on Friday, hitting $4.97. The company’s stock had a trading volume of 40,528,431 shares, compared to its average volume of 41,171,368. Snap Inc. has a 12 month low of $3.81 and a 12 month high of $9.13. The company’s 50 day simple moving average is $5.75 and its two-hundred day simple moving average is $5.40. The company has a market cap of $8.41 billion, a P/E ratio of -55.23 and a beta of 1.23. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.94 and a quick ratio of 2.94.

Snap (NYSE:SNAP – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter. Snap had a negative net margin of 4.90% and a negative return on equity of 14.61%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the business earned ($0.06) EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that Snap Inc. will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citizens Jmp reissued a “market perform” rating on shares of Snap in a report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their price target on Snap from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday. Freedom Capital raised shares of Snap from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Susquehanna reissued a “neutral” rating on shares of Snap in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $8.00 price objective on shares of Snap in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.31.

View Our Latest Analysis on Snap

Snap Company Profile

(Free Report)

Snap Inc is a technology and social media company best known for Snapchat, a visual messaging and social networking application. Snapchat enables users to communicate through photos, videos, messages and Stories, while offering creative tools such as augmented reality (AR) Lenses and filters. The platform also includes features such as Snap Map, Spotlight and content from publishers and creators.

Snap generates most of its revenue from digital advertising, including video, augmented reality and other advertising formats delivered across Snapchat.