Snap Inc. (NYSE:SNAP – Get Free Report) CAO Rebecca Morrow sold 2,459 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.29, for a total transaction of $22,844.11. Following the completion of the sale, the chief accounting officer now directly owns 476,218 shares of the company’s stock, valued at approximately $4,424,065.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Rebecca Morrow also recently made the following trade(s):
- On Friday, August 16th, Rebecca Morrow sold 8,923 shares of Snap stock. The shares were sold at an average price of $9.10, for a total transaction of $81,199.30.
Snap Stock Up 2.7 %
SNAP traded up $0.25 during midday trading on Wednesday, hitting $9.67. 32,502,632 shares of the company’s stock traded hands, compared to its average volume of 27,445,320. The company has a market cap of $15.87 billion, a PE ratio of -11.89 and a beta of 1.01. The stock’s fifty day simple moving average is $10.97 and its 200-day simple moving average is $12.85. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.98 and a quick ratio of 3.98. Snap Inc. has a one year low of $8.28 and a one year high of $17.90.
Hedge Funds Weigh In On Snap
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNAP. Hollencrest Capital Management bought a new position in shares of Snap in the second quarter valued at approximately $33,000. Blue Trust Inc. raised its position in shares of Snap by 354.1% in the second quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock valued at $36,000 after purchasing an additional 1,682 shares during the period. Rothschild Investment LLC bought a new position in shares of Snap in the second quarter valued at approximately $40,000. J.Safra Asset Management Corp raised its position in shares of Snap by 534.4% in the second quarter. J.Safra Asset Management Corp now owns 2,766 shares of the company’s stock valued at $46,000 after purchasing an additional 2,330 shares during the period. Finally, JTC Employer Solutions Trustee Ltd bought a new position in shares of Snap in the first quarter valued at approximately $100,000. Institutional investors own 47.52% of the company’s stock.
Wall Street Analyst Weigh In
SNAP has been the topic of a number of research analyst reports. Truist Financial reduced their price objective on shares of Snap from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Barclays lowered their target price on shares of Snap from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Susquehanna lowered their target price on shares of Snap from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Cantor Fitzgerald started coverage on shares of Snap in a research note on Thursday, September 5th. They set a “neutral” rating and a $8.00 target price on the stock. Finally, Wolfe Research started coverage on shares of Snap in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Snap has a consensus rating of “Hold” and an average target price of $13.87.
Check Out 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.
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