Snap (NYSE:SNAP) Stock: Insider Robert Murphy Sells 2,000,000 Shares

Posted by George Bondi on Nov 12th, 2026

Snap Inc. (NYSE:SNAP – Get Free Report) CTO Robert Murphy sold 2,000,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $5.02, for a total value of $10,040,000.00. Following the sale, the chief technology officer directly owned 34,586,451 shares in the company, valued at $173,623,984.02. This trade represents a 5.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Snap Stock Performance

SNAP opened at $5.34 on Thursday. The stock has a market cap of $9.03 billion, a P/E ratio of -59.30 and a beta of 1.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 3.36 and a quick ratio of 3.36. The stock’s 50 day simple moving average is $5.73 and its 200 day simple moving average is $5.36. Snap Inc. has a 1-year low of $3.81 and a 1-year high of $9.13.

Snap (NYSE:SNAP – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.73 billion. Snap had a negative return on equity of 7.10% and a negative net margin of 2.30%. Snap’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business posted ($0.06) EPS. As a group, equities analysts anticipate that Snap Inc. will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SNAP shares. Rosenblatt Securities dropped their price target on Snap from $6.40 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Snap in a research report on Tuesday, August 4th. Piper Sandler reissued a “neutral” rating on shares of Snap in a research note on Tuesday, August 4th. Wells Fargo & Company increased their price objective on shares of Snap from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Snap from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.31.

View Our Latest Report on Snap

Institutional Investors Weigh In On Snap

Large investors have recently bought and sold shares of the stock. Saba Capital Management L.P. raised its holdings in shares of Snap by 232.5% in the first quarter. Saba Capital Management L.P. now owns 4,727,808 shares of the company’s stock worth $21,748,000 after acquiring an additional 3,306,024 shares during the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of Snap in the first quarter valued at $25,300,000. Assenagon Asset Management S.A. boosted its stake in shares of Snap by 1,191.8% during the second quarter. Assenagon Asset Management S.A. now owns 3,903,141 shares of the company’s stock valued at $17,330,000 after acquiring an additional 3,601,002 shares during the last quarter. Curated Wealth Partners LLC boosted its stake in shares of Snap by 540.0% during the third quarter. Curated Wealth Partners LLC now owns 544,828 shares of the company’s stock valued at $2,942,000 after acquiring an additional 459,704 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Snap by 302.9% during the first quarter. First Trust Advisors LP now owns 389,736 shares of the company’s stock valued at $1,793,000 after acquiring an additional 293,003 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

Snap Company Profile

(Get Free Report)

Snap Inc. is a technology company best known for Snapchat, a mobile application for visual communication. The company’s products and services help people share photos and videos, message friends, and explore content from creators and publishers. Snapchat features include Stories, Spotlight for short-form video, Snap Map, and augmented reality tools such as interactive Lenses. Snap also provides advertising solutions to businesses and develops camera-related products and services, including its Spectacles smart glasses and Snap AR platform.