Snap Inc. (SNAP) CFO Sells $554,475.36 in Stock
Snap Inc. (NYSE:SNAP) CFO Andrew Vollero sold 37,874 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $14.64, for a total transaction of $554,475.36. Following the sale, the chief financial officer now directly owns 1,797,644 shares of the company’s stock, valued at approximately $26,317,508.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Andrew Vollero also recently made the following trade(s):
- On Monday, August 14th, Andrew Vollero sold 195,100 shares of Snap stock. The shares were sold at an average price of $12.50, for a total transaction of $2,438,750.00.
Shares of Snap Inc. (NYSE SNAP) opened at 13.70 on Friday. The company’s market cap is $16.40 billion. The stock’s 50 day moving average price is $15.03 and its 200-day moving average price is $15.03. Snap Inc. has a 12 month low of $13.62 and a 12 month high of $29.44.
Snap (NYSE:SNAP) last released its earnings results on Thursday, August 10th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.07). The company had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $186.49 million. Snap’s revenue was up 153.1% on a year-over-year basis. Equities research analysts expect that Snap Inc. will post ($0.64) earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its position in shares of Snap by 8.3% during the second quarter. Pacer Advisors Inc. now owns 9,869 shares of the company’s stock worth $175,000 after purchasing an additional 757 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Snap by 6.7% during the second quarter. Private Advisor Group LLC now owns 22,293 shares of the company’s stock worth $379,000 after purchasing an additional 1,393 shares in the last quarter. NN Investment Partners Holdings N.V. grew its position in shares of Snap by 6.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 42,406 shares of the company’s stock worth $754,000 after purchasing an additional 2,530 shares in the last quarter. WFG Advisors LP grew its position in shares of Snap by 52.4% during the second quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock worth $131,000 after purchasing an additional 2,537 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Snap by 21.1% during the second quarter. Oppenheimer & Co. Inc. now owns 19,816 shares of the company’s stock worth $352,000 after purchasing an additional 3,447 shares in the last quarter. Hedge funds and other institutional investors own 16.40% of the company’s stock.
A number of analysts have weighed in on the stock. Piper Jaffray Companies reissued a “neutral” rating and set a $16.50 target price (down previously from $20.00) on shares of Snap in a research report on Thursday, July 13th. SunTrust Banks, Inc. assumed coverage on shares of Snap in a research report on Tuesday, August 15th. They set a “sell” rating and a $10.00 target price for the company. Zacks Investment Research raised shares of Snap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. J P Morgan Chase & Co reissued a “neutral” rating and set a $18.00 target price (down previously from $20.00) on shares of Snap in a research report on Monday, June 5th. Finally, Aegis reissued a “hold” rating on shares of Snap in a research report on Wednesday, May 31st. Eleven research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have issued a buy rating to the company. Snap presently has an average rating of “Hold” and an average target price of $18.31.
Snap Company Profile
Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.
Receive News & Ratings for Snap Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap Inc. and related companies with MarketBeat.com's FREE daily email newsletter.