Even with a major investment from a Saudi Prince SNAP, Snapchat may be doomed for failure. The have a major monetization strategy and their userbase is moving on to other platforms that do not have the monetization issue that SNAP particularly has. The fact that they wipe all the videos after use does not allow for any re-targeting and they have a very young user base also. Snaps directors and Executives have been selling the shares that they own as well.
CEO Recent Trades:
- CEO, 10% Owner Evan Spiegel sold 4,447,107 shares of SNAP stock on 03/05/2019 at the average price of $9.98. The price of the stock has increased by 1% since.
CFO Recent Trades:
- CFO, VP and CAO Lara Sweet sold 22,818 shares of SNAP stock on 02/25/2019 at the average price of $10.01. The price of the stock has increased by 0.7% since.
- CFO, VP and CAO Lara Sweet sold 11,701 shares of SNAP stock on 02/20/2019 at the average price of $9.25. The price of the stock has increased by 8.97% since.
Directors and Officers Recent Trades:
- General Counsel Michael J. O’sullivan sold 18,500 shares of SNAP stock on 02/28/2019 at the average price of $9.85. The price of the stock has increased by 2.34% since.
- Chief Strategy Officer Jared Grusd sold 15,370 shares of SNAP stock on 02/25/2019 at the average price of $10. The price of the stock has increased by 0.8% since.
- Chief Business Officer Jeremi Gorman sold 27,996 shares of SNAP stock on 02/25/2019 at the average price of $9.99. The price of the stock has increased by 0.9% since.
- Senior VP, Engineering Jerry James Hunter sold 166,646 shares of SNAP stock on 02/20/2019 at the average price of $9.24. The price of the stock has increased by 9.09% since.
- Chief Strategy Officer Jared Grusd sold 82,453 shares of SNAP stock on 02/20/2019 at the average price of $9.24. The price of the stock has increased by 9.09% since.
Full directory of SNAP insider trades click here.
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