Snap Inc. (NYSE:SNAP – Get Free Report) CFO Derek Andersen sold 96,953 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $10.99, for a total value of $1,065,513.47. Following the sale, the chief financial officer now owns 2,534,689 shares of the company’s stock, valued at $27,856,232.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Snap Stock Performance
SNAP opened at $11.43 on Friday. The stock has a market cap of $18.86 billion, a PE ratio of -13.77 and a beta of 1.13. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 1.55. Snap Inc. has a 1 year low of $7.86 and a 1 year high of $17.90. The stock’s 50 day simple moving average is $13.00 and its 200-day simple moving average is $12.44.
Snap (NYSE:SNAP – Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. Snap had a negative return on equity of 47.47% and a negative net margin of 28.71%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Sell-side analysts forecast that Snap Inc. will post -0.58 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Report on SNAP
Institutional Trading of Snap
A number of large investors have recently bought and sold shares of the stock. Sowell Financial Services LLC grew its position in Snap by 3.3% in the fourth quarter. Sowell Financial Services LLC now owns 23,139 shares of the company’s stock valued at $392,000 after acquiring an additional 729 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Snap by 2.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 41,245 shares of the company’s stock worth $698,000 after purchasing an additional 891 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Snap by 7.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,440 shares of the company’s stock worth $176,000 after purchasing an additional 930 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in Snap by 3.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 31,499 shares of the company’s stock worth $533,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in Snap by 4.5% in the third quarter. Impax Asset Management Group plc now owns 23,434 shares of the company’s stock worth $209,000 after purchasing an additional 1,017 shares in the last quarter. 44.37% of the stock is currently 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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