On November 11, 2024, Joanna Coles, a Director at Snap Inc (SNAP, Financial), sold 1,666 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 53,095 shares of Snap Inc.
Snap Inc, known for its popular social media platform Snapchat, allows users to communicate through short videos and images known as snaps. The company's innovative features, such as augmented reality filters and instant messaging, have made it a staple among younger demographics.
Over the past year, Joanna Coles has sold a total of 13,238 shares and has not purchased any shares. This recent transaction is part of a broader trend within Snap Inc, where there have been 52 insider sells and no insider buys over the past year.
Shares of Snap Inc were trading at $12.13 on the day of the sale. The company has a market cap of approximately $18.63 billion. According to GF Value, the stock is currently modestly undervalued, with a price-to-GF-Value ratio of 0.97, suggesting a slight undervaluation.
The GF Value of $12.54 for Snap Inc is derived from historical trading multiples including price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for expected future business performance.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
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.
