Snap Inc. (NYSE:SNAP – Get Free Report) General Counsel Michael J. O’sullivan sold 18,000 shares of Snap stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $10.81, for a total transaction of $194,580.00. Following the sale, the general counsel now owns 489,058 shares of the company’s stock, valued at $5,286,716.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Snap Trading Up 4.5 %
NYSE:SNAP traded up $0.46 during trading hours on Wednesday, hitting $10.89. The company had a trading volume of 22,104,277 shares, compared to its average volume of 27,510,615. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.98 and a quick ratio of 3.98. The stock has a 50-day moving average price of $9.95 and a 200 day moving average price of $12.77. The company has a market capitalization of $17.86 billion, a PE ratio of -13.44 and a beta of 1.00. Snap Inc. has a 52 week low of $8.29 and a 52 week high of $17.90.
Snap (NYSE:SNAP – Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. Snap had a negative net margin of 23.49% and a negative return on equity of 42.84%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.25 billion. On average, equities research analysts predict that Snap Inc. will post -0.47 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Snap
Institutional Trading of Snap
Several large investors have recently bought and sold shares of SNAP. APG Asset Management N.V. boosted its holdings in shares of Snap by 3.9% during the 2nd quarter. APG Asset Management N.V. now owns 2,957,491 shares of the company’s stock valued at $45,835,000 after buying an additional 112,135 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Snap by 72.7% in the fourth quarter. V Square Quantitative Management LLC now owns 11,119 shares of the company’s stock worth $188,000 after purchasing an additional 4,679 shares during the period. Alta Park Capital LP bought a new position in shares of Snap during the fourth quarter valued at approximately $13,845,000. Quadrature Capital Ltd purchased a new position in shares of Snap during the first quarter valued at approximately $3,233,000. Finally, Marshall Wace LLP boosted its position in shares of Snap by 587.3% in the 2nd quarter. Marshall Wace LLP now owns 14,667,597 shares of the company’s stock worth $243,629,000 after purchasing an additional 12,533,653 shares in the last quarter. 47.52% of the stock is owned by institutional investors.
Snap Company Profile
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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