Snap (NYSE:SNAP) Insider Sells 6,797 Shares of Stock

Snap Inc. (NYSE:SNAP) insider Ajit Mohan sold 6,797 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $5.82, for a total value of $39,558.54. Following the completion of the transaction, the insider owned 4,965,300 shares of the company’s stock, valued at $28,898,046. This trade represents a 0.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ajit Mohan also recently made the following trade(s):

• On Monday, August 17th, Ajit Mohan sold 54,608 shares of Snap stock. The shares were sold at an average price of $5.20, for a total value of $283,961.60.

Snap Stock Performance

Snap stock traded down $0.12 during trading hours on Friday, hitting $5.53. 29,411,098 shares of the stock traded hands, compared to its average volume of 34,956,776. The firm’s 50 day moving average price is $5.20 and its 200-day moving average price is $5.19. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.94 and a quick ratio of 2.94. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of -30.69 and a beta of 1.05. Snap Inc. has a 1 year low of $3.81 and a 1 year high of $9.28.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. Snap had a negative return on equity of 14.61% and a negative net margin of 4.90%.The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business posted ($0.16) earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, equities analysts expect that Snap Inc. will post -0.02 EPS for the current fiscal year.

Key Snap News

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Snap introduced SPECS Intelligence, an anticipatory AI service designed for its $2,000 SPECS AR glasses, iPhones and Macs. The service uses connected apps and personal context to help users manage tasks and goals, positioning Snap in the increasingly competitive consumer AI market. Snap Introduces SPECS Intelligence
• Positive Sentiment: The company expanded SPECS trials and announced enterprise partnerships with NVIDIA, Amazon Web Services and Salesforce, targeting industrial, retail and field-service applications. Enterprise adoption could broaden Snap’s revenue base beyond consumer advertising if the trials convert into commercial deployments. Snap Enterprise AI Partnerships
• Positive Sentiment: Snap emphasized privacy controls for SPECS Intelligence and plans to begin consumer trials on October 1. The privacy-first positioning and new charging case with cellular connectivity may help support adoption. SPECS Experiences and Partnerships
• Neutral Sentiment: Royal Bank of Canada reaffirmed a “Sector Perform” rating but set an $8 price target, implying substantial potential upside from recent trading levels while signaling a lack of strong near-term conviction.
• Neutral Sentiment: Unusual options activity showed call purchases above typical levels, indicating increased speculative interest but not necessarily a fundamental improvement in Snap’s outlook.
• Negative Sentiment: Brokerages maintain a consensus “Hold” rating, underscoring investor caution as Snap continues to report losses and must prove that SPECS can scale profitably. Recent weakness while the broader market advanced also suggests the AI announcements have not yet overcome concerns about execution and monetization. Snap Consensus Hold Rating

Institutional Investors Weigh In On Snap

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital World Investors lifted its stake in shares of Snap by 1.4% in the 4th quarter. Capital World Investors now owns 88,452,006 shares of the company’s stock valued at $713,808,000 after purchasing an additional 1,179,543 shares during the period. Geode Capital Management LLC increased its holdings in Snap by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 13,525,119 shares of the company’s stock valued at $108,711,000 after buying an additional 469,795 shares in the last quarter. Empyrean Capital Partners LP purchased a new position in Snap in the first quarter valued at $25,300,000. Saba Capital Management L.P. raised its position in shares of Snap by 232.5% in the first quarter. Saba Capital Management L.P. now owns 4,727,808 shares of the company’s stock worth $21,748,000 after acquiring an additional 3,306,024 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Snap by 44.7% in the first quarter. SG Americas Securities LLC now owns 4,535,783 shares of the company’s stock worth $20,865,000 after acquiring an additional 1,401,178 shares during the period. Institutional investors and hedge funds own 47.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on SNAP shares. Benchmark restated a “hold” rating on shares of Snap in a research note on Tuesday, August 4th. Wells Fargo & Company increased their price objective on shares of Snap from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Stifel Nicolaus set a $7.50 target price on shares of Snap in a report on Tuesday, August 4th. Royal Bank Of Canada restated a “sector perform” rating and set a $8.00 target price on shares of Snap in a research report on Thursday. Finally, Evercore set a $8.00 price target on shares of Snap in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, twenty-four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.65.

About Snap

Snap Inc is a technology and social media company best known for Snapchat, a visual messaging and social networking application. Snapchat enables users to communicate through photos, videos, text messages and augmented reality experiences, including Lenses and filters. The platform also offers Stories, Spotlight for short-form video, Snap Map and other tools for discovering and sharing content.

Snap generates most of its business through digital advertising, including advertising displayed across Snapchat’s content and communication features.