Snap (NYSE:SNAP) General Counsel Zachary Briers Sells 134,705 Shares of Stock

Snap Inc. (NYSE:SNAP) General Counsel Zachary Briers sold 134,705 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $4.70, for a total transaction of $633,113.50. Following the sale, the general counsel directly owned 2,854,088 shares of the company’s stock, valued at approximately $13,414,213.60. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Snap Stock Up 2.5%

Shares of Snap stock traded up $0.13 during trading on Friday, reaching $5.13. 13,622,378 shares of the company traded hands, compared to its average volume of 57,029,969. The firm has a market capitalization of $8.66 billion, a PE ratio of -18.99 and a beta of 0.83. Snap Inc. has a 1-year low of $4.65 and a 1-year high of $10.80. The company has a 50 day moving average price of $7.07 and a 200-day moving average price of $7.54. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.56 and a quick ratio of 3.56.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.70 billion. Snap had a negative net margin of 7.76% and a negative return on equity of 20.72%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. As a group, equities research analysts expect that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Susquehanna lowered their target price on Snap from $9.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. New Street Research downgraded shares of Snap from a “buy” rating to a “neutral” rating in a report on Tuesday, October 28th. The Goldman Sachs Group dropped their price objective on shares of Snap from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Piper Sandler reissued a “neutral” rating on shares of Snap in a research report on Thursday, February 5th. Finally, Stifel Nicolaus set a $5.50 price target on shares of Snap and gave the company a “hold” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Snap presently has a consensus rating of “Hold” and a consensus target price of $8.43.

Snap News Summary

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Snap’s paid-subscription business, Snapchat+, exceeded 25 million subscribers and the company said its direct-revenue business reached a $1 billion annualized revenue run rate — a clear proof point for monetization and diversification beyond ad sales. Snapchat+ tops 25M subscribers, driving company’s direct revenue ARR to $1B
• Positive Sentiment: Analyst/market commentary highlights MAU growth as an upside catalyst, suggesting user engagement could support future ad revenue improvement if the trend continues. Snap: MAU Growth Creates Upside Catalyst
• Negative Sentiment: Citi downgraded/share-price target cut: Citi cut SNAP’s price target from $10 to $6 (Neutral rating), citing persistent brand-advertising headwinds — a direct analyst-driven pressure on sentiment and valuation. Citi Lowers Snap PT to $6
• Negative Sentiment: Multiple insider sales by senior executives (Feb. 17–19) including GC Zachary Briers (68,620 and 134,705 shares sold), Ajit Mohan (119,339 shares), CFO Derek Andersen (63,041), and CAO Rebecca Morrow (3,175 and 16,499). Large, clustered insider selling at recent prices typically pressures sentiment and raises questions for investors about near-term insider conviction. SEC filings: Insider filings

Hedge Funds Weigh In On Snap

Several institutional investors and hedge funds have recently bought and sold shares of SNAP. Alyeska Investment Group L.P. purchased a new position in shares of Snap during the 3rd quarter valued at $176,697,000. AQR Capital Management LLC raised its stake in Snap by 874.3% in the 4th quarter. AQR Capital Management LLC now owns 10,066,852 shares of the company’s stock valued at $81,239,000 after acquiring an additional 9,033,644 shares during the period. Junto Capital Management LP purchased a new stake in Snap during the third quarter valued at about $29,071,000. Voloridge Investment Management LLC boosted its position in Snap by 53.3% during the third quarter. Voloridge Investment Management LLC now owns 10,300,911 shares of the company’s stock worth $79,420,000 after purchasing an additional 3,582,223 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Snap by 537.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,150,134 shares of the company’s stock worth $33,492,000 after purchasing an additional 3,499,578 shares during the period. 47.52% of the stock is owned by institutional investors.

About Snap

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.