Snap Inc (SNAP) VP Lara Sweet Sells 29,296 Shares
Snap Inc (NYSE:SNAP) VP Lara Sweet sold 29,296 shares of Snap stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $15.92, for a total transaction of $466,392.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Snap Inc (NYSE:SNAP) traded down $0.33 during trading hours on Wednesday, reaching $15.77. 12,419,100 shares of the company’s stock were exchanged, compared to its average volume of 25,288,178. Snap Inc has a 52-week low of $11.28 and a 52-week high of $29.44.
Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.17. The firm had revenue of $207.90 million for the quarter, compared to analyst estimates of $236.71 million. Snap had a negative net margin of 463.16% and a negative return on equity of 107.36%. The firm’s revenue for the quarter was up 62.2% on a year-over-year basis. equities research analysts predict that Snap Inc will post -3.04 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in SNAP. Credit Suisse AG acquired a new position in Snap in the first quarter valued at about $799,000. First Trust Advisors LP boosted its position in Snap by 34.4% in the second quarter. First Trust Advisors LP now owns 604,218 shares of the company’s stock valued at $10,737,000 after buying an additional 154,609 shares in the last quarter. Rhumbline Advisers acquired a new position in Snap in the second quarter valued at about $331,000. Wedbush Securities Inc. acquired a new position in Snap in the second quarter valued at about $219,000. Finally, Bank of New York Mellon Corp boosted its position in Snap by 57.2% in the second quarter. Bank of New York Mellon Corp now owns 36,643 shares of the company’s stock valued at $651,000 after buying an additional 13,336 shares in the last quarter. Hedge funds and other institutional investors own 18.88% of the company’s stock.
Snap Company Profile
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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