Andrew Vollero Sells 63,117 Shares of Snap Inc (SNAP) Stock
Snap Inc (NYSE:SNAP) CFO Andrew Vollero sold 63,117 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $16.99, for a total transaction of $1,072,357.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Andrew Vollero also recently made the following trade(s):
- On Saturday, February 17th, Andrew Vollero sold 94,781 shares of Snap stock. The stock was sold at an average price of $18.51, for a total transaction of $1,754,396.31.
- On Tuesday, January 16th, Andrew Vollero sold 22,881 shares of Snap stock. The stock was sold at an average price of $13.52, for a total transaction of $309,351.12.
Snap stock opened at $16.57 on Thursday. The company has a market capitalization of $20,147.88 and a price-to-earnings ratio of -5.01. Snap Inc has a 52-week low of $11.28 and a 52-week high of $24.40.
SNAP has been the topic of several recent analyst reports. JMP Securities cut shares of Snap from an “outperform” rating to a “market perform” rating in a report on Sunday, November 26th. Wells Fargo restated a “hold” rating on shares of Snap in a report on Wednesday, November 29th. Deutsche Bank restated a “hold” rating and issued a $11.00 target price on shares of Snap in a report on Thursday, November 30th. Barclays upgraded shares of Snap from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $11.00 to $18.00 in a report on Tuesday, December 5th. Finally, Evercore ISI initiated coverage on shares of Snap in a report on Tuesday, December 5th. They issued an “underperform” rating and a $7.00 target price on the stock. Fourteen investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.94.
Several institutional investors and hedge funds have recently bought and sold shares of SNAP. Northern Trust Corp raised its position in shares of Snap by 1,633.4% in the 2nd quarter. Northern Trust Corp now owns 240,695 shares of the company’s stock worth $4,277,000 after purchasing an additional 226,809 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Snap by 25.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 66,009 shares of the company’s stock worth $960,000 after purchasing an additional 13,597 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Snap in the 3rd quarter worth about $332,000. Rhumbline Advisers raised its position in shares of Snap by 22.9% in the 3rd quarter. Rhumbline Advisers now owns 22,900 shares of the company’s stock worth $333,000 after purchasing an additional 4,260 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Snap by 573.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 246,721 shares of the company’s stock worth $3,588,000 after purchasing an additional 210,078 shares during the last quarter. 18.55% of the stock is owned by hedge funds and other institutional investors.
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.
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