Snap Inc. (NYSE:SNAP) has seen its stock price gain 11.92, or -48.69%, so far in 2017. In the past 3-month period alone, shares of SNAP have appreciated -0.56 – or -4.27%. The stock’s 52-week range is $11.28 to $29.44, and its 3-month range is $12.10 to $16.88.
The average Wall Street analyst rating for Snap Inc. is Hold, according to the average of 28 analyst scores. Of those analysts, 5 rate stock as a Strong Buy, 16 rate it as Hold, and just no analyst rates it as a Moderate Sell.
Insider Trading Activity for Snap Inc.
Taking a look at insider trading at Snap Inc. (NYSE:SNAP) can give useful insight into how the stock is performing. Snap Inc. has had 21 insider trades in the last 3 months, including 10 open market buys and 11 sells. Of those insider trades, 4.47 million shares of Snap Inc. were purchased and 3.72 million shares were sold. The total number of shares traded in the last 90-day period is 8.2 million.
Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 42 insider trades, including 15 open market buys and 27 sells. Of those transactions, there were 8.3 million shares of SNAP bought and 59.45 million shares sold. The total number of shares traded in the last 12 months is 67.76 million.
The most recent open market insider trade was Sell of 1.65 million shares on a day where the closing price was 12.42. The insider, SPIEGEL EVAN, now holds 85 million shares of SNAP.
The most recent non open market insider trade was completed by SPIEGEL EVAN on 11/09/2017, and was a acquisition of 1.65 million shares with a final price of $0. The insider now holds 86.66 million shares of Snap Inc. (SNAP).
Examining Institutional Ownership at Snap Inc. (NYSE:SNAP)
According to Snap Inc.’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 26.34%. The total amount of shares outstanding is 1.17 billion, giving the company a market capitalization of about 14.68 billion.
There are 326 institutional holders with active positions, accounting for 227.35 million shares in total. Of those holders, 173 had increased positions amounting to 92.25 million shares, 88 had decreased positions amounting to 61.26 million shares, and 65 holders have a held position accounting for 73.85 million shares.
The top 5 institutional holders, in ascending order, are as follows: FMR LLC with 26.66 million shares, COATUE MANAGEMENT LLC with 23.6 million shares, VANGUARD GROUP INC with 15.69 million shares, SANDS CAPITAL MANAGEMENT, LLC with 14.28 million shares, and TYBOURNE CAPITAL MANAGEMENT HK LTD with 14.26 million shares.
According to Snap Inc. (SNAP) most recent 13F filing, the company has 71 new institutional holders – accounting for 33.34 million shares of its common stock. There were 47 sold out positions, amounting to 15.06 million shares.