Snap (NYSE:SNAP) CFO Derek Andersen Sells 63,041 Shares of Stock

Snap Inc. (NYSE:SNAP) CFO Derek Andersen sold 63,041 shares of Snap stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $4.70, for a total value of $296,292.70. Following the completion of the transaction, the chief financial officer directly owned 3,892,617 shares of the company’s stock, valued at $18,295,299.90. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Derek Andersen also recently made the following trade(s):

• On Wednesday, January 14th, Derek Andersen sold 23,715 shares of Snap stock. The stock was sold at an average price of $7.83, for a total value of $185,688.45.
• On Tuesday, December 16th, Derek Andersen sold 34,535 shares of Snap stock. The stock was sold at an average price of $7.21, for a total value of $248,997.35.

Snap Price Performance

SNAP stock traded up $0.18 during midday trading on Friday, reaching $5.18. The company had a trading volume of 15,616,937 shares, compared to its average volume of 57,134,180. Snap Inc. has a 1-year low of $4.65 and a 1-year high of $10.80. The stock 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. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of -19.17 and a beta of 0.83.

Snap (NYSE:SNAP) last released its earnings results on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm 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%. Snap’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. Equities research analysts expect that Snap Inc. will post -0.3 earnings per share for the current year.

More Snap News

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Analyst / commentary: A Seeking Alpha piece highlights accelerating monthly active user (MAU) growth as a potential upside catalyst for Snap, arguing that stronger user engagement could drive ad revenue upside if monetization follows usage gains. Snap: MAU Growth Creates Upside Catalyst
• Negative Sentiment: Analyst downgrade / price-target cut: Citi trimmed its price target for SNAP from $10 to $6 and kept a Neutral rating, citing persistent brand-advertising headwinds after Snap’s Q4 report — a sign analysts see limited near-term earnings/advertising recovery. Citi Lowers Snap PT to $6
• Negative Sentiment: Insider selling: Several senior Snap executives disclosed open-market sales on Feb 17–19 at roughly $4.70–$4.84: GC Zachary Briers sold 68,620 and 134,705 shares (two filings), CFO Derek Andersen sold 63,041 shares, CAO Rebecca Morrow sold 3,175 and 16,499 shares, and insider Ajit Mohan sold 119,339 shares. These trades reduced individual holdings by low single-digit percentages and totalled several hundred thousand dollars each — a near-term negative signal for investor sentiment (filings): Briers filings Mohan filing Andersen filing Morrow filings

Hedge Funds Weigh In On Snap

A number of institutional investors and hedge funds have recently bought and sold shares of SNAP. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Snap by 31.7% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,208,697 shares of the company’s stock valued at $36,574,000 after purchasing an additional 1,013,757 shares in the last quarter. Nikko Asset Management Americas Inc. raised its holdings in Snap by 94.1% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,107,288 shares of the company’s stock valued at $18,312,000 after buying an additional 1,021,677 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Snap during the 2nd quarter worth approximately $2,723,000. Arkadios Wealth Advisors acquired a new stake in Snap during the 2nd quarter worth approximately $1,256,000. Finally, CWM LLC grew its holdings in Snap by 50.5% during the 3rd quarter. CWM LLC now owns 387,935 shares of the company’s stock worth $2,991,000 after acquiring an additional 130,172 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. B. Riley Financial upgraded Snap from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Thursday, February 5th. BNP Paribas Exane assumed coverage on Snap in a research report on Wednesday, January 14th. They set a “strong sell” rating for the company. JPMorgan Chase & Co. reduced their price objective on Snap from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, February 5th. Stifel Nicolaus set a $5.50 target price on Snap and gave the company a “hold” rating in a research report on Thursday, February 5th. Finally, Mizuho dropped their target price on shares of Snap from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Snap has an average rating of “Hold” and a consensus target price of $8.43.

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.