Snap (NYSE:SNAP) Insider Ajit Mohan Sells 6,797 Shares

Snap Inc. (NYSE:SNAP) insider Ajit Mohan sold 6,797 shares of the company’s stock in a transaction dated 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 directly owned 4,965,300 shares of the company’s stock, valued at approximately $28,898,046. The trade was a 0.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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

NYSE:SNAP opened at $5.53 on Friday. The stock has a market cap of $9.34 billion, a P/E ratio of -30.69 and a beta of 1.05. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.75. The stock’s 50-day moving average is $5.20 and its 200-day moving average is $5.19. Snap Inc. has a 1-year low of $3.81 and a 1-year high of $9.28.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup lifted their price target on shares of Snap from $6.50 to $6.75 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Zacks Research upgraded Snap from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Snap in a research report on Tuesday, August 4th. Mizuho upped their price target on Snap from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Finally, Barclays increased their price target on Snap from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, twenty-four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Snap currently has an average rating of “Hold” and an average target price of $7.65.

Trending Headlines about Snap

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Saba Capital Management L.P. increased its stake in shares of Snap by 232.5% in the 1st quarter. Saba Capital Management L.P. now owns 4,727,808 shares of the company’s stock valued at $21,748,000 after acquiring an additional 3,306,024 shares in the last quarter. Empyrean Capital Partners LP bought a new stake in Snap in the first quarter valued at $25,300,000. Assenagon Asset Management S.A. raised its holdings in shares of Snap by 1,191.8% during the second quarter. Assenagon Asset Management S.A. now owns 3,903,141 shares of the company’s stock valued at $17,330,000 after purchasing an additional 3,601,002 shares during the period. Leonteq Securities AG acquired a new position in shares of Snap during the fourth quarter valued at about $1,620,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Snap during the 4th quarter worth about $1,629,000. Institutional investors own 47.52% of the company’s stock.

Snap Company Profile

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.