Snap Inc CAO sells $95,828 in Class A common stock

Rebecca Morrow, Chief Accounting Officer at Snap Inc (NYSE:SNAP), recently sold 8,837 shares of the company’s Class A Common Stock. The social media company, currently valued at $18.1 billion, shows promising signs according to InvestingPro analysis, with strong liquidity and expectations for profitability this year despite current losses. The transaction, dated February 18, 2025, was executed at an average price of $10.844 per share, amounting to a total of $95,828. This sale was conducted to cover tax withholding obligations related to the settlement and release of restricted stock units (RSUs) granted to Morrow. Following this transaction, Morrow retains ownership of 429,892 shares directly. The shares were sold in multiple transactions at prices ranging from $10.76 to $10.92 per share. According to InvestingPro’s Fair Value analysis, SNAP appears undervalued at current levels, with additional insights available in the comprehensive Pro Research Report covering 1,400+ top US stocks.

In other recent news, SharkNinja reported an impressive fourth-quarter performance, with earnings per share (EPS) reaching $1.40, surpassing analyst expectations of $0.97. The company’s revenue hit $1.79 billion, exceeding the consensus estimate of $1.39 billion, and marking a 29.7% increase in net sales compared to the previous year. Meanwhile, Snap Inc. has been active in financial markets, issuing $1.5 billion in senior notes and planning an additional $700 million issuance. These financial activities aim to manage Snap’s debt and enhance liquidity, as noted in their SEC filings.

Snap Inc. received a ’BB’ rating from Fitch with a stable outlook, while S&P Global assigned a ’B+’ rating, highlighting the competitive pressures Snap faces in the media and communications industry. Moody’s (NYSE:MCO) Ratings assigned Snap a B1 corporate family rating with a positive outlook, citing strong market position and growth prospects despite challenges from larger competitors. The company is expected to maintain strong liquidity with over $3 billion in cash and marketable securities. SharkNinja’s CEO attributes their success to a growth strategy that drives market share gains and category expansion.

Looking forward, SharkNinja forecasts an EPS of $4.80-$4.90 for fiscal year 2025, aligning with the consensus estimate. Snap Inc. plans to use proceeds from its note issuances to repurchase convertible debt and for general corporate purposes. These developments reflect both companies’ strategic financial maneuvers and growth trajectories.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.