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

Snap Inc. (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the firm’s stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $14.79, for a total value of $369,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

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  • On Tuesday, April 24th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.67, for a total value of $391,750.00.
  • On Tuesday, April 10th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.37, for a total value of $359,250.00.
  • On Tuesday, April 3rd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.06, for a total value of $351,500.00.
  • On Tuesday, March 27th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $16.34, for a total value of $408,500.00.
  • On Tuesday, March 20th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.96, for a total value of $399,000.00.
  • On Tuesday, March 13th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $17.60, for a total value of $440,000.00.
  • On Tuesday, March 6th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $18.13, for a total value of $453,250.00.
  • On Tuesday, February 27th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $16.76, for a total value of $419,000.00.
  • On Tuesday, February 20th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $19.27, for a total value of $481,750.00.
  • On Tuesday, February 13th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $18.71, for a total value of $467,750.00.

Shares of Snap stock opened at $14.54 on Thursday. Snap Inc. has a one year low of $11.28 and a one year high of $23.57.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.06. Snap had a negative return on equity of 100.64% and a negative net margin of 417.61%. The business had revenue of $285.69 million during the quarter, compared to the consensus estimate of $251.74 million. research analysts anticipate that Snap Inc. will post -1.17 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its position in shares of Snap by 967.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock worth $116,000 after buying an additional 7,255 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Snap during the fourth quarter worth about $149,000. First Allied Advisory Services Inc. acquired a new position in shares of Snap during the fourth quarter worth about $152,000. Garde Capital Inc. acquired a new position in shares of Snap during the fourth quarter worth about $160,000. Finally, Banco de Sabadell S.A acquired a new position in shares of Snap during the fourth quarter worth about $181,000. 18.52% of the stock is owned by institutional investors and hedge funds.

SNAP has been the topic of several analyst reports. SunTrust Banks upgraded Snap from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Snap from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, January 17th. Morgan Stanley boosted their price objective on shares of Snap from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, April 19th. Pivotal Research restated a “sell” rating and issued a $10.00 price objective on shares of Snap in a report on Wednesday, January 10th. Finally, Oppenheimer boosted their price objective on shares of Snap from $14.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Twelve analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.18.

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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.

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

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