Insider Selling: Snap (NYSE:SNAP) CTO Sells $11,100,000.00 in Stock

Posted by George Bondi on Aug 7th, 2026

Snap Inc. (NYSE:SNAP – Get Free Report) CTO Robert Murphy sold 2,000,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $5.55, for a total value of $11,100,000.00. Following the completion of the transaction, the chief technology officer owned 41,809,791 shares of the company’s stock, valued at $232,044,340.05. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Snap Trading Up 2.0%

SNAP stock traded up $0.10 during midday trading on Friday, hitting $5.33. 42,397,156 shares of the company’s stock were exchanged, compared to its average volume of 39,957,092. The business has a 50-day simple moving average of $4.92 and a two-hundred day simple moving average of $5.29. The company has a current ratio of 2.94, a quick ratio of 3.53 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $8.99 billion, a PE ratio of -29.58 and a beta of 1.03. Snap Inc. has a 1-year low of $3.81 and a 1-year high of $9.28.

Snap (NYSE:SNAP – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. Snap had a negative return on equity of 14.61% and a negative net margin of 4.90%.The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the company posted ($0.16) EPS. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, sell-side analysts predict that Snap Inc. will post -0.07 EPS for the current fiscal year.

More Snap News

Here are the key news stories impacting Snap this week:

Positive Sentiment: Freedom Capital upgraded Snap from “hold” to “strong-buy,” adding a bullish endorsement following the company’s recent earnings performance. Zacks.com
Positive Sentiment: Snap’s second-quarter results strengthened hopes for a turnaround. Revenue reached $1.60 billion, ahead of expectations, while the adjusted loss per share was narrower than analysts anticipated; revenue also increased 18.9% year over year. Snap: Strong Q2 Earnings Bolster Hopes Of A Turnaround
Positive Sentiment: Coverage from Cantor Fitzgerald and Wells Fargo projected meaningful upside for Snap, reinforcing investor optimism that improving operating trends could support further appreciation. Cantor Fitzgerald Forecast Wells Fargo Forecast
Positive Sentiment: Citigroup raised its price target to $6.75, signaling valuation upside from recent trading levels. Citigroup Price Target
Neutral Sentiment: Citizens JMP reiterated a “market perform” rating, suggesting the firm sees balanced risk and reward rather than a decisive near-term catalyst. Citizens JMP Rating
Negative Sentiment: An analyst downgrade led to an 8.1% decline in Snap shares, highlighting continued sensitivity to cautious Wall Street views despite the strong quarter. Snap Trading Down on Analyst Downgrade
Negative Sentiment: Rosenblatt Securities issued a pessimistic forecast, adding to concerns that Snap’s earnings improvement may not yet represent a durable recovery. Rosenblatt Securities Forecast

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SNAP shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $5.00 target price on shares of Snap in a report on Tuesday, July 21st. Wall Street Zen downgraded shares of Snap from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Mizuho upped their price objective on Snap from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday. KeyCorp upgraded Snap from a “sector weight” rating to an “overweight” rating in a research note on Monday, April 27th. Finally, Benchmark reiterated a “hold” rating on shares of Snap in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.65.

Read Our Latest Stock Analysis on Snap

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Snap by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 101,251,557 shares of the company’s stock worth $817,100,000 after acquiring an additional 641,271 shares in the last quarter. Capital World Investors raised its holdings in shares of Snap by 1.4% in the 4th quarter. Capital World Investors now owns 88,452,006 shares of the company’s stock valued at $713,808,000 after purchasing an additional 1,179,543 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Snap in the 3rd quarter valued at $176,697,000. Geode Capital Management LLC lifted its position in shares of Snap by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 13,525,119 shares of the company’s stock worth $108,711,000 after purchasing an additional 469,795 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position 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. Hedge funds and other 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.