On October 30, 2024, Joanna Coles, Director at Snap Inc (SNAP, Financial), sold 6,434 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 54,761 shares of Snap Inc. The shares were sold at a price of $12 each.
Snap Inc operates as a camera company. The company offers Snapchat, a camera application that helps people to communicate through short videos and images known as a Snap. It also provides Camera, Friends Page, Discover, Snap Map, Memories, and Spectacles, which are glasses that connect with Snapchat and capture video from a human perspective.
Over the past year, Joanna Coles has sold a total of 11,572 shares of Snap Inc and has not made any purchases of the stock. The insider transaction history for Snap Inc shows a trend with 0 insider buys and 48 insider sells over the past year.
The stock of Snap Inc was trading at $12 on the day of the sale, giving the company a market cap of approximately $21.02 billion. According to the GF Value, the stock is currently Fairly Valued with a price-to-GF-Value ratio of 0.95.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and estimated future business outcomes.
This recent insider sale might interest investors tracking insider behaviors and evaluating the stock’s fair value as indicated by the GF Value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
