Snap Inc (SNAP) Insider Imran Khan Sells 400,000 Shares

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Snap Inc (NYSE:SNAP) insider Imran Khan sold 400,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $10.59, for a total transaction of $4,236,000.00. Following the sale, the insider now directly owns 8,291,577 shares in the company, valued at approximately $87,807,800.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Imran Khan also recently made the following trade(s):

  • On Thursday, August 16th, Imran Khan sold 534,070 shares of Snap stock. The stock was sold at an average price of $12.43, for a total transaction of $6,638,490.10.
  • On Thursday, August 9th, Imran Khan sold 600,000 shares of Snap stock. The stock was sold at an average price of $12.32, for a total transaction of $7,392,000.00.

Shares of NYSE:SNAP traded down $0.48 during trading on Wednesday, reaching $10.11. The stock had a trading volume of 24,697,400 shares, compared to its average volume of 25,326,045. The firm has a market cap of $13.92 billion, a PE ratio of -4.86 and a beta of -2.84. Snap Inc has a fifty-two week low of $10.06 and a fifty-two week high of $21.22.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, August 7th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.18. The business had revenue of $262.26 million during the quarter, compared to analyst estimates of $247.24 million. Snap had a negative net margin of 155.31% and a negative return on equity of 49.79%. equities analysts expect that Snap Inc will post -1.07 earnings per share for the current year.

A number of analysts recently commented on the stock. Aegis downgraded shares of Snap from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Zacks Investment Research raised shares of Snap from a “sell” rating to a “hold” rating and set a $14.00 price objective on the stock in a report on Friday, August 10th. Credit Suisse Group decreased their price objective on shares of Snap from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, August 8th. BTIG Research reissued a “neutral” rating on shares of Snap in a report on Tuesday, August 7th. Finally, Nomura assumed coverage on shares of Snap in a report on Wednesday, July 11th. They set a “neutral” rating and a $13.00 price objective on the stock. Eleven investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. Snap has a consensus rating of “Hold” and a consensus target price of $14.79.

Several large investors have recently bought and sold shares of SNAP. OppenheimerFunds Inc. raised its position in shares of Snap by 171.4% in the second quarter. OppenheimerFunds Inc. now owns 37,157,073 shares of the company’s stock valued at $486,385,000 after buying an additional 23,468,531 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Snap in the second quarter valued at approximately $132,330,000. Hillhouse Capital Management Ltd. raised its position in shares of Snap by 81.1% in the second quarter. Hillhouse Capital Management Ltd. now owns 10,989,529 shares of the company’s stock valued at $143,853,000 after buying an additional 4,921,688 shares during the last quarter. FMR LLC raised its position in shares of Snap by 18.4% in the second quarter. FMR LLC now owns 24,968,882 shares of the company’s stock valued at $326,842,000 after buying an additional 3,886,373 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Snap by 22.1% in the second quarter. BlackRock Inc. now owns 15,367,441 shares of the company’s stock valued at $201,159,000 after buying an additional 2,779,756 shares during the last quarter. 22.29% of the stock is owned by institutional investors and hedge funds.

Snap Company Profile

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows to creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests.

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

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