Mitchell Lasky Sells 25,000 Shares of Snap Inc. (SNAP) Stock

Snap Inc. (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $12.38, for a total transaction of $309,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Mitchell Lasky also recently made the following trade(s):

  • On Tuesday, November 14th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.53, for a total transaction of $313,250.00.

Snap Inc. (NYSE SNAP) opened at $12.97 on Friday. Snap Inc. has a 12-month low of $11.28 and a 12-month high of $29.44.

Snap (NYSE:SNAP) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.17. The business had revenue of $207.90 million for the quarter, compared to analyst estimates of $236.71 million. The firm’s revenue for the quarter was up 62.2% compared to the same quarter last year. research analysts forecast that Snap Inc. will post -3.04 earnings per share for the current year.

SNAP has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price target on shares of Snap from $22.00 to $18.00 and set a “buy” rating for the company in a report on Friday, August 11th. Drexel Hamilton reiterated a “buy” rating and set a $30.00 price target on shares of Snap in a report on Wednesday, August 9th. Deutsche Bank AG reiterated a “buy” rating and set a $20.00 price target on shares of Snap in a report on Wednesday, August 9th. Vetr upgraded shares of Snap from a “hold” rating to a “buy” rating and set a $13.84 price target for the company in a report on Wednesday, August 9th. Finally, Jefferies Group LLC lowered their price target on shares of Snap from $30.00 to $16.00 and set a “buy” rating for the company in a report on Friday, August 11th. Fifteen analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.12.

A number of hedge funds have recently made changes to their positions in the business. Coatue Management LLC lifted its position in Snap by 4.5% during the second quarter. Coatue Management LLC now owns 21,898,624 shares of the company’s stock valued at $389,139,000 after buying an additional 940,900 shares in the last quarter. BlackRock Inc. lifted its position in Snap by 10.0% during the second quarter. BlackRock Inc. now owns 10,343,549 shares of the company’s stock valued at $183,805,000 after buying an additional 936,791 shares in the last quarter. Vanguard Group Inc. lifted its position in Snap by 23.7% during the second quarter. Vanguard Group Inc. now owns 8,353,729 shares of the company’s stock valued at $148,446,000 after buying an additional 1,601,170 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Snap by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 7,650,826 shares of the company’s stock valued at $110,556,000 after buying an additional 797,290 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Snap by 873.8% during the third quarter. First Trust Advisors LP now owns 5,884,101 shares of the company’s stock valued at $85,555,000 after buying an additional 5,279,883 shares in the last quarter. 19.35% of the stock is currently owned by hedge funds and other institutional investors.

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About Snap

Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

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

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