Snap Inc. (NYSE:SNAP) enjoyed a 139.83% run-up in share price since hitting record low of $4.82. The stock managed 3.96% rise and now stands at $11.56 as of 5/24/2019. At a recent session, the prices were hovering between $11.4 and $11.81. This company shares are -0.61% up from its target price of $11.49 and the current market capitalization stands at $14.9B. The recent change has given its price a 2.74% lead over SMA 50 and -20.11% deficit over its 52-week high. The stock witnessed 7.14% gains, 14.23% gains and 89.82% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SNAP’s volatility during a week at 3.62% and during a month it has been found around 4.08%.Snap Inc. (SNAP) Top Holders
Institutional investors currently hold around $4.1 billion or 33.8% in SNAP stock. Look at its top three institutional owners: Vanguard Group Inc owns $610.99 million in Snap Inc., which represents roughly 4.1% of the company’s market cap and approximately 14.91% of the institutional ownership. Similar statistics are true for the second largest owner, Tybourne Capital Management (Hk) Ltd, which owns 31,798,812 shares of the stock are valued at $367.59 million. The third largest holder is Bank Of America Corp /De/, which currently holds $279.05 million worth of this stock and that ownership represents nearly 1.87% of its market capitalization.
At the end of March reporting period, 146 institutional holders increased their position in Snap Inc. (NYSE:SNAP) by some 114,571,644 shares, 155 decreased positions by 79,204,946 and 100 held positions by 160,724,123. That puts total institutional holdings at 354,500,713 shares, according to SEC filings. The stock grabbed 75 new institutional investments totaling 49,978,211 shares while 58 institutional investors sold out their entire positions totaling 22,990,203 shares.Snap Inc. (NYSE:SNAP) Insider Trades
Multiple company employees have indulged in significant insider trading. Snap Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Strategy Officer Grusd Jared has sold 61,534 shares of Snap Inc. (SNAP) in the trading session dated May. 20, 2019. These shares are worth $695,950 and were traded at $11.31 each. The SEC filing shows that Hunter Jerry James performed a sale of 107,370 shares. The Senior VP, Engineering disposed these shares by way of transaction on May. 20, 2019. The company’s shares were given away at $11.32 per share worth to an income of some $1,215,428 to the account of Hunter Jerry James.
Chief Business Officer, Gorman Jeremi, sold 55,550 common shares of Snap Inc. (SNAP) in the open market. In a transaction dated May. 20, 2019, the shares were put up for sale at an average price of $11.3, raking in a sum of $627,715. After this sale, 2,878,046 common shares of SNAP are directly owned by the insider, with total stake valued at $33,270,212.
In the transaction dated May. 17, 2019, a great number of shares sold came courtesy the General Counsel; O’Sullivan Michael J. disposed a total of 36,621 shares at an average price of $11.28, amounting to approximately $413,085. The insider now directly owns 1,709,957 shares worth $19,767,103.
Several analysts have released their opinion on Snap Inc. (NYSE:SNAP), with 1 analysts believing it is a strong buy. Whereas 26 of them predict the stock is a hold. Also, there are 4 buy, 4 sell and 2 strong sell ratings, collectively assigning a 3.05 average brokerage recommendation [T1].