Snap Inc. (NYSE:SNAP – Get Free Report) General Counsel Michael J. O’sullivan sold 12,512 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $9.11, for a total transaction of $113,984.32. Following the completion of the transaction, the general counsel now directly owns 1,328,085 shares of the company’s stock, valued at $12,098,854.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Snap Trading Down 0.3 %
Shares of NYSE:SNAP traded down $0.03 during trading on Tuesday, reaching $9.47. 16,345,023 shares of the stock were exchanged, compared to its average volume of 28,008,275. Snap Inc. has a 12-month low of $8.28 and a 12-month high of $17.90. The firm’s 50-day moving average price is $13.85 and its 200 day moving average price is $13.26. The company has a debt-to-equity ratio of 1.74, a quick ratio of 3.98 and a current ratio of 3.98. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of -11.69 and a beta of 1.03.
Institutional Investors Weigh In On Snap
Several institutional investors have recently bought and sold shares of SNAP. NBC Securities Inc. raised its holdings in shares of Snap by 2,580.4% during the 4th quarter. NBC Securities Inc. now owns 1,501 shares of the company’s stock valued at $25,000 after buying an additional 1,445 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Snap during the second quarter valued at approximately $33,000. Blue Trust Inc. lifted its position in shares of Snap by 354.1% during the second quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock worth $36,000 after purchasing an additional 1,682 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Snap in the second quarter valued at $40,000. Finally, J.Safra Asset Management Corp increased its stake in Snap by 534.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,766 shares of the company’s stock worth $46,000 after buying an additional 2,330 shares during the period. 47.52% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Read Our Latest Stock Report on SNAP
About Snap
Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
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