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.

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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.

Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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