Snap Inc. (NYSE:SNAP – Get Free Report) CAO Rebecca Morrow sold 2,560 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $8.83, for a total transaction of $22,604.80. Following the completion of the sale, the chief accounting officer now directly owns 427,332 shares in the company, valued at $3,773,341.56. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Rebecca Morrow also recently made the following trade(s):
- On Tuesday, February 18th, Rebecca Morrow sold 8,837 shares of Snap stock. The shares were sold at an average price of $10.84, for a total transaction of $95,793.08.
Snap Stock Down 2.9 %
Snap stock traded down $0.27 during midday trading on Tuesday, hitting $8.73. 25,157,896 shares of the stock were exchanged, compared to its average volume of 25,410,531. Snap Inc. has a 1 year low of $8.29 and a 1 year high of $17.33. The firm has a market cap of $14.80 billion, a P/E ratio of -20.77 and a beta of 0.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95. The company has a 50 day moving average price of $10.56 and a two-hundred day moving average price of $10.80.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC grew its holdings in Snap by 3.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 31,126 shares of the company’s stock worth $335,000 after acquiring an additional 901 shares in the last quarter. HCR Wealth Advisors grew its holdings in Snap by 3.9% during the 4th quarter. HCR Wealth Advisors now owns 25,016 shares of the company’s stock worth $269,000 after acquiring an additional 934 shares in the last quarter. Captrust Financial Advisors grew its holdings in Snap by 8.0% during the 4th quarter. Captrust Financial Advisors now owns 13,918 shares of the company’s stock worth $150,000 after acquiring an additional 1,030 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Snap by 1.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 61,365 shares of the company’s stock valued at $661,000 after buying an additional 1,033 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Snap by 3.1% in the 4th quarter. Empowered Funds LLC now owns 35,639 shares of the company’s stock valued at $384,000 after buying an additional 1,055 shares during the period. 47.52% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SNAP has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Snap from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 5th. Barclays reissued an “overweight” rating on shares of Snap in a research note on Wednesday, February 5th. Bank of America upped their price objective on shares of Snap from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Guggenheim downgraded shares of Snap from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company downgraded shares of Snap from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $15.00 to $11.00 in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $36.87.
View Our Latest Research Report on Snap
About Snap
Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
Featured Articles
- Five stocks we like better than Snap
- Investing In Preferred Stock vs. Common Stock
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- What Are the U.K. Market Holidays? How to Invest and Trade
- 3 Must-Own Stocks to Build Wealth This Decade
- Overbought Stocks Explained: Should You Trade Them?
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter.