Snap Inc. (NYSE:SNAP – Get Rating) COO Jerry James Hunter sold 64,673 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $11.17, for a total value of $722,397.41. Following the completion of the sale, the chief operating officer now directly owns 2,872,784 shares of the company’s stock, valued at $32,088,997.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Jerry James Hunter also recently made the following trade(s):
- On Monday, November 14th, Jerry James Hunter sold 42,105 shares of Snap stock. The stock was sold at an average price of $11.45, for a total value of $482,102.25.
Snap Stock Down 3.7 %
Shares of NYSE:SNAP opened at $10.52 on Friday. Snap Inc. has a 1 year low of $7.33 and a 1 year high of $54.89. The company has a market cap of $16.97 billion, a PE ratio of -15.25 and a beta of 0.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.86 and a quick ratio of 4.86. The stock’s 50-day moving average is $10.48 and its 200 day moving average is $12.96.
Institutional Investors Weigh In On Snap
Several hedge funds have recently made changes to their positions in SNAP. Shell Asset Management Co. boosted its holdings in shares of Snap by 18.3% during the 2nd quarter. Shell Asset Management Co. now owns 47,385 shares of the company’s stock valued at $622,000 after buying an additional 7,342 shares in the last quarter. Forsta AP Fonden lifted its position in Snap by 31.9% during the 2nd quarter. Forsta AP Fonden now owns 395,600 shares of the company’s stock valued at $5,194,000 after acquiring an additional 95,700 shares during the period. Vetamer Capital Management L.P. bought a new stake in Snap during the first quarter worth about $2,470,000. Covington Capital Management grew its holdings in Snap by 134.9% in the second quarter. Covington Capital Management now owns 11,205 shares of the company’s stock worth $147,000 after purchasing an additional 6,434 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Snap by 1.3% during the second quarter. Asset Management One Co. Ltd. now owns 449,591 shares of the company’s stock valued at $5,903,000 after purchasing an additional 5,720 shares in the last quarter. 51.41% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Atlantic Securities cut their price target on Snap to $10.00 in a report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft cut their price target on Snap from $14.00 to $9.00 and set a “hold” rating for the company in a report on Friday, October 21st. Susquehanna cut their price target on Snap from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 21st. Loop Capital dropped their price objective on Snap from $26.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, August 22nd. Finally, Credit Suisse Group dropped their price objective on Snap from $22.00 to $17.00 and set an “outperform” rating for the company in a research note on Friday, October 21st. Three equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.85.
Snap Inc operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images.
- Get a free copy of the StockNews.com research report on Snap (SNAP)
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