Traders Purchase Large Volume of Call Options on Snap (NYSE:SNAP)

Posted by George Bondi on Jun 16th, 2026

Snap Inc. (NYSE:SNAP – Get Free Report) saw unusually large options trading on Tuesday. Traders acquired 155,528 call options on the company. This is an increase of 32% compared to the typical volume of 117,731 call options.

Snap Stock Performance

SNAP traded down $0.58 during midday trading on Tuesday, reaching $5.13. The company’s stock had a trading volume of 101,910,697 shares, compared to its average volume of 50,983,758. The stock has a market cap of $8.66 billion, a P/E ratio of -21.36 and a beta of 1.03. The company has a fifty day simple moving average of $5.63 and a 200 day simple moving average of $6.14. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 1.67. Snap has a twelve month low of $3.81 and a twelve month high of $10.41.

Snap (NYSE:SNAP – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Snap had a negative return on equity of 18.92% and a negative net margin of 6.72%.The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the business posted ($0.08) EPS. Snap’s revenue was up 12.2% compared to the same quarter last year. Research analysts expect that Snap will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNAP. BNP Paribas Exane downgraded Snap to a “neutral” rating in a research note on Monday, April 27th. Benchmark began coverage on Snap in a research note on Monday, April 27th. They set a “buy” rating for the company. BMO Capital Markets raised their price target on Snap from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. cut their price target on Snap from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Finally, HSBC downgraded Snap from a “hold” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.91.

Read Our Latest Research Report on Snap

Insider Activity at Snap

In other news, CAO Rebecca Morrow sold 16,729 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.60, for a total transaction of $93,682.40. Following the completion of the sale, the chief accounting officer directly owned 512,811 shares of the company’s stock, valued at $2,871,741.60. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ajit Mohan sold 44,785 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.60, for a total value of $250,796.00. Following the sale, the insider directly owned 5,057,891 shares of the company’s stock, valued at $28,324,189.60. This trade represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 2,900,631 shares of company stock worth $16,054,989.

Institutional Trading of Snap

A number of hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp lifted its position in shares of Snap by 5.1% in the 3rd quarter. Mackenzie Financial Corp now owns 27,638 shares of the company’s stock worth $213,000 after acquiring an additional 1,349 shares during the period. WealthCollab LLC lifted its position in shares of Snap by 1.2% in the 4th quarter. WealthCollab LLC now owns 115,390 shares of the company’s stock worth $931,000 after acquiring an additional 1,369 shares during the period. Alliancebernstein L.P. lifted its position in shares of Snap by 0.3% in the 3rd quarter. Alliancebernstein L.P. now owns 414,416 shares of the company’s stock worth $3,195,000 after acquiring an additional 1,396 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Snap by 8.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 18,913 shares of the company’s stock worth $164,000 after acquiring an additional 1,451 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of Snap by 37.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,500 shares of the company’s stock worth $44,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 47.52% of the company’s stock.

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.