These are top 10 stocks traded on the Robinhood UK platform in July
Snap Inc . (NYSE:SNAP), the $18.12 billion social media company, saw its Chief Financial Officer Derek Andersen recently sell 61,334 shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company currently trades below its Fair Value. The shares were sold at a weighted average price of approximately $10.84 per share, resulting in a total transaction value of $665,020.
The sale, which took place on February 18, 2025, was conducted to cover tax withholding obligations related to the settlement of restricted stock units (RSUs) granted to Andersen. Each RSU represents a contingent right to receive one share of Snap’s Class A common stock. Following this transaction, Andersen still holds 3,564,235 shares of Snap stock.
The shares were sold in multiple transactions, with prices ranging from $10.76 to $10.92 per share. Andersen has committed to providing detailed information about the number of shares sold at each price upon request.
In other recent news, SharkNinja announced impressive fourth-quarter results, with earnings per share (EPS) of $1.40, surpassing analyst estimates by $0.43. The company reported revenue of $1.79 billion, significantly exceeding the consensus estimate of $1.39 billion, marking a 29.7% increase in net sales compared to the same quarter last year. SharkNinja’s annual financial results also showed substantial growth, with net sales rising 30.0% to $5.53 billion and operating income increasing by 72.4% to $644.2 million. Meanwhile, Snap Inc. has issued $1.5 billion in senior notes and amended its Revolving Credit Facility, extending the term of $800 million to 2030. The company has also received a ’BB’ rating from Fitch Ratings, indicating a stable outlook, and a ’B+’ rating from S&P Global, reflecting its competitive position and strong liquidity. Moody’s (NYSE:MCO) Ratings assigned Snap a B1 corporate family rating, highlighting its strong market position and positive growth prospects. Snap plans to use proceeds from a $700 million note issuance to manage its existing debt and for general corporate purposes.
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