Snap Inc. (NYSE:SNAP – Get Free Report) General Counsel Michael J. O’sullivan sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $16.56, for a total value of $298,080.00. Following the sale, the general counsel now owns 481,908 shares in the company, valued at approximately $7,980,396.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Snap Trading Up 1.5 %
SNAP traded up $0.24 on Tuesday, hitting $16.26. The company had a trading volume of 11,627,291 shares, compared to its average volume of 28,447,678. The company has a market cap of $26.68 billion, a PE ratio of -19.80 and a beta of 1.03. Snap Inc. has a 12-month low of $8.28 and a 12-month high of $17.90. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 1.55. The business’s fifty day simple moving average is $15.49 and its 200 day simple moving average is $14.16.
Snap (NYSE:SNAP – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.10. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.12 billion. Snap had a negative net margin of 26.99% and a negative return on equity of 46.62%. Equities research analysts expect that Snap Inc. will post -0.43 EPS for the current year.
Wall Street Analyst Weigh In
Institutional Trading of Snap
Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Snap by 0.9% in the first quarter. Vanguard Group Inc. now owns 96,148,590 shares of the company’s stock worth $1,103,786,000 after buying an additional 830,889 shares in the last quarter. SRS Investment Management LLC raised its stake in Snap by 23.6% in the fourth quarter. SRS Investment Management LLC now owns 65,114,732 shares of the company’s stock worth $1,102,392,000 after buying an additional 12,452,415 shares in the last quarter. Capital World Investors raised its stake in Snap by 0.8% in the first quarter. Capital World Investors now owns 46,272,273 shares of the company’s stock worth $531,206,000 after buying an additional 385,191 shares in the last quarter. Ossiam raised its stake in Snap by 7.1% in the first quarter. Ossiam now owns 11,334,804 shares of the company’s stock worth $130,124,000 after buying an additional 751,846 shares in the last quarter. Finally, Carmignac Gestion bought a new position in Snap in the fourth quarter worth approximately $110,103,000. Institutional investors own 47.52% of the company’s stock.
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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