Snap (NYSE:SNAP) General Counsel Sells $406,794.15 in Stock

Posted by George Bondi on May 23rd, 2026

Snap Inc. (NYSE:SNAP – Get Free Report) General Counsel Zachary Briers sold 71,745 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $5.67, for a total value of $406,794.15. Following the transaction, the general counsel directly owned 2,572,793 shares in the company, valued at approximately $14,587,736.31. This represents a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Snap Stock Performance

NYSE SNAP opened at $5.72 on Friday. The company has a market cap of $9.65 billion, a P/E 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 business’s 50 day moving average price is $5.25 and its 200-day moving average price is $6.42. Snap Inc. has a fifty-two week low of $3.81 and a fifty-two week high of $10.41.

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

Analyst Ratings Changes

SNAP has been the topic of several analyst reports. BMO Capital Markets boosted their target price on Snap from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Bank of America raised Snap from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, February 5th. Citizens Jmp reaffirmed a “market perform” rating on shares of Snap in a research report on Thursday, February 5th. B. Riley Financial raised Snap from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Thursday, February 5th. Finally, Rothschild & Co Redburn raised Snap from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.91.

View Our Latest Stock Analysis on SNAP

Institutional Investors Weigh In On Snap

Several hedge funds have recently made changes to their positions in SNAP. Alyeska Investment Group L.P. purchased a new stake in shares of Snap in the 3rd quarter worth $176,697,000. AQR Capital Management LLC lifted its stake in shares of Snap by 874.3% during the 4th quarter. AQR Capital Management LLC now owns 10,066,852 shares of the company’s stock worth $81,239,000 after purchasing an additional 9,033,644 shares during the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of Snap during the 1st quarter worth $25,300,000. Junto Capital Management LP purchased a new stake in shares of Snap during the 3rd quarter worth $29,071,000. Finally, Voloridge Investment Management LLC lifted its stake in shares of Snap by 53.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 10,300,911 shares of the company’s stock worth $79,420,000 after purchasing an additional 3,582,223 shares during the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Snap Company Profile

(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.