On November 21, 2023, Michael O’Sullivan, the General Counsel at Snap, made a significant insider transaction by selling 35,683 shares of Snap, totaling $424,620. This information was disclosed through a Form 4 filing with the U.S. Securities and Exchange Commission. It is important for investors to take note of insider transactions, although it should not be the sole basis for making investment decisions. Insider transactions must be reported to the public within two business days of the transaction.
When a company insider purchases shares, it can be seen as a positive sign that they anticipate the stock to increase. However, insider sells can occur for various reasons and should not necessarily be interpreted as a bearish outlook on the stock.
Investors typically pay attention to transactions that occur in the open market, which are indicated in Table I of the Form 4 filing. A “P” in Box 3 signifies a purchase, while “S” indicates a sale. Transaction code “C” represents the conversion of an option, and transaction code “A” suggests that the insider may have been required to sell shares to receive compensation.
Over the past 24 months, insiders at Snap have sold a total of 11,379,480 shares, amounting to $264,558,547.89. The most recent insider trade occurred on September 13, 2023. Those interested in tracking the insider trading activity of Snap can do so in real time on websites like SecForm4.Com.
In conclusion, while insider transactions can provide valuable insights, it is essential to consider them in conjunction with other factors when making investment decisions.
Updated on: 04/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
10:00 AM (UTC)
Date:04 December, 2023
|Analyst / firm||Rating|
Snap Inc. Stock Performance and Financial Outlook: November 21, 2023
Snap Inc. (SNAP), the parent company of popular social media platform Snapchat, had a mixed performance on November 21, 2023. The stock opened at $11.99, slightly lower than the previous day’s close of $12.15. Throughout the day, the stock traded in a range of $11.89 to $12.15. The trading volume for the day was 6,356,893 shares.
Snap Inc. currently has a market capitalization of $19.9 billion. The company’s earnings growth in the last year was -183.99%, indicating a significant decline in profitability. However, the earnings growth for the current year is positive at +11.09%, suggesting a potential turnaround in the company’s financial performance. Looking ahead, analysts expect Snap Inc. to achieve a modest earnings growth of +4.00% over the next five years.
In terms of revenue growth, Snap Inc. experienced a positive growth rate of +11.78% in the last year. This indicates that the company’s top line is expanding, which is a positive sign for investors. However, the net profit margin for Snap Inc. is currently -31.07%, suggesting that the company is struggling to convert its revenue into profits.
In comparison to industry peers, Snap Inc.’s stock performance on November 21, 2023, was relatively stable. Other technology services companies such as Tradeweb Markets Inc. and Tencent Music Entertainment Group also experienced minor fluctuations in their stock prices. However, Pinterest Inc. and Sea Ltd. saw declines in their stock prices, with Pinterest Inc. experiencing a decrease of -2.27%.
Looking ahead, Snap Inc.’s next reporting date is scheduled for February 6, 2024. Analysts are forecasting an earnings per share (EPS) of -$0.13 for the current quarter. In the previous year, Snap Inc. generated annual revenue of $4.6 billion but reported a net loss of -$1.4 billion. The negative net profit margin of -31.07% indicates that the company needs to focus on improving its profitability.
Snap Inc. operates in the technology services sector and is classified under the packaged software industry. The company’s corporate headquarters are located in Santa Monica, California. While there are no executives to display, it is essential to note that Snap Inc. is a well-known player in the social media industry, with Snapchat being a popular platform among younger demographics.
Overall, Snap Inc.’s stock performance on November 21, 2023, was relatively stable, trading within a narrow range. The company’s financial performance has shown mixed results, with declining earnings growth in the past year but positive growth expected for the current year. Investors will be keeping an eye on the company’s ability to convert its revenue into profits and its upcoming earnings report.
Snap Inc Stock Analysis: Experts Predict Median Target Price of $10.00
On November 21, 2023, Snap Inc’s stock performance was analyzed based on the information provided by CNN Money. The 31 analysts who offered 12-month price forecasts for Snap Inc had a median target of $10.00, with a high estimate of $15.00 and a low estimate of $7.00.
According to the data, the current consensus among 41 polled investment analysts was to hold stock in Snap Inc. This rating has remained unchanged since November.
In terms of financial performance, Snap Inc reported an earnings per share of -$0.13 for the current quarter. However, the company’s sales for the same quarter were reported to be $1.4 billion.
It is important to note that the reporting date for these financial figures was set for February 6, suggesting that the data is not up-to-date as of November 21, 2023. Therefore, it is crucial for investors to monitor the company’s subsequent financial reports and updates to make informed decisions regarding their investments.
Based on the analysts’ median target price of $10.00, it appears that there is a bearish sentiment towards Snap Inc’s stock performance. However, it is essential to consider the wide range of estimates, with the high estimate at $15.00 and the low estimate at $7.00. These varying forecasts highlight the uncertainty surrounding the stock’s future performance.
Investors should conduct thorough research and analysis before making any investment decisions. It is advisable to consult with a financial advisor or professional to gain a comprehensive understanding of Snap Inc’s stock and its potential risks and rewards.