Robert Murphy Sells 343,945 Shares of Snap (NYSE:SNAP) Stock

Snap Inc. (NYSE:SNAP) CTO Robert Murphy sold 343,945 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $5.88, for a total value of $2,022,396.60. Following the transaction, the chief technology officer owned 4,963,581 shares of the company’s stock, valued at $29,185,856.28. This represents a 6.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Snap Price Performance

NYSE SNAP traded down $0.10 during trading on Tuesday, hitting $5.77. 39,766,886 shares of the stock traded hands, compared to its average volume of 43,127,820. The company has a market capitalization of $9.74 billion, a P/E ratio of -24.02 and a beta of 1.03. Snap Inc. has a 12-month low of $3.81 and a 12-month high of $10.41. The firm has a 50-day simple moving average of $5.39 and a 200-day simple moving average of $6.32. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.67.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. Snap had a negative net margin of 6.72% and a negative return on equity of 18.92%. Snap’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) earnings per share. As a group, analysts predict that Snap Inc. will post -0.06 EPS for the current year.

Key Headlines Impacting Snap

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Snap, implying the company may lose less money than previously expected. The firm also lifted its Q1 2027 and Q4 2027 EPS estimates, which suggests improving profitability in some periods.
• Positive Sentiment: Zacks also increased its Q1 2028 EPS forecast for Snap, signaling a slightly better long-term earnings trajectory versus its prior view.
• Neutral Sentiment: The company still faces a weak earnings outlook overall, with Zacks projecting losses in multiple upcoming quarters and full years, including FY2027 and FY2028. That keeps expectations cautious even after a few upward revisions.
• Negative Sentiment: Zacks cut its Q3 2026, Q2 2027, and FY2027 EPS estimates, indicating analysts still see near- and medium-term profitability pressure for Snap.
• Negative Sentiment: The stock also continues to trade against a backdrop of prior earnings weakness, with Snap having recently missed EPS expectations even as revenue met estimates, which can limit investor enthusiasm. Stock page

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered Snap from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Citizens Jmp reissued a “market perform” rating on shares of Snap in a research note on Thursday, February 5th. HSBC lowered Snap from a “hold” rating to a “hold” rating in a research note on Monday, April 27th. BMO Capital Markets raised their price target on Snap from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, UBS Group set a $8.00 price target on Snap in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Snap has an average rating of “Hold” and an average target price of $7.91.

Institutional Investors Weigh In On Snap

A number of institutional investors and hedge funds have recently bought and sold shares of SNAP. Allworth Financial LP raised its position in Snap by 92.3% during the 3rd quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock valued at $25,000 after purchasing an additional 1,581 shares in the last quarter. Oak Harvest Investment Services bought a new stake in Snap during the 4th quarter valued at $26,000. Arax Advisory Partners raised its position in Snap by 220.0% during the 4th quarter. Arax Advisory Partners now owns 3,309 shares of the company’s stock valued at $27,000 after purchasing an additional 2,275 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Snap during the 4th quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC raised its position in Snap by 561.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company’s stock valued at $29,000 after purchasing an additional 3,071 shares in the last quarter. 47.52% of the stock is owned by institutional investors.

About Snap

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.