<div id="readability-page-1"><p>Meridiem Capital Partners LP purchased a new stake in  Snap Inc. (NYSE:SNAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor  purchased 751,772 shares of the company's stock, valued at approximately $8,097,000.</p><ul><li>2 Tech Stock Bargains Offering Buy the Dip Opportunities</li></ul><p>Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors purchased a new stake in  Snap during the fourth quarter valued at about $422,049,000.  Capital World Investors lifted its stake in  Snap by 38.9% during the fourth quarter. Capital World Investors now owns 84,137,317 shares of the company's stock valued at $906,161,000 after buying an additional 23,569,522 shares in the last quarter.  Norges Bank purchased a new stake in  Snap during the fourth quarter valued at about $30,162,000.  Renaissance Technologies LLC purchased a new stake in  Snap during the fourth quarter valued at about $27,713,000.  Finally, Portolan Capital Management LLC purchased a new stake in  Snap during the fourth quarter valued at about $25,447,000. 47.52% of the stock is owned by institutional investors and hedge funds. </p><h2>Insider Buying and Selling at Snap</h2><p>In other news, CFO Derek Andersen sold 61,334 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $664,860.56. Following the completion of the sale, the chief financial officer now directly owns 3,564,235 shares of the company's stock, valued at approximately $38,636,307.40. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Michael J. O'sullivan sold 24,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $7.74, for a total value of $185,760.00. Following the completion of the sale, the general counsel now directly owns 483,660 shares of the company's stock, valued at $3,743,528.40. This represents a 4.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,362,523 shares of company stock worth $20,719,017 over the last 90 days. Insiders own  22.68% of the company's stock. </p><h2>Snap Trading Up 11.4%</h2><ul><li>SoundHound AI Will Advance By Triple Digits in 2025: Here’s Why</li></ul><p>NYSE:SNAP opened at $9.19 on Tuesday. Snap Inc. has a 52 week low of $7.08 and a 52 week high of $17.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The stock's 50 day moving average price is $8.51 and its 200 day moving average price is $10.31. The company has a market capitalization of $15.59 billion, a P/E ratio of -21.88 and a beta of 0.61. </p><p>Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.12). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.03 EPS. The company's revenue for the quarter was up 14.1% on a year-over-year basis.  On average, research analysts forecast that  Snap Inc. will post -0.3 EPS for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Snap's AR Power Play: Don’t Miss This Potential Rebound</li></ul><p>A number of analysts have commented on the stock. Canaccord Genuity Group reduced their price objective on shares of Snap from $10.00 to $9.00 and set a &#34;hold&#34; rating for the company in a research note on Wednesday, April 30th. Bank of America dropped their target price on Snap from $14.50 to $10.50 and set a &#34;neutral&#34; rating on the stock in a report on Wednesday, April 9th. Loop Capital  set a $9.00 target price on Snap in a report on Friday, May 2nd. Cantor Fitzgerald  set a $7.00 target price on Snap and gave the company a &#34;neutral&#34; rating in a report on Wednesday, April 30th. Finally, Barclays  reiterated an &#34;overweight&#34; rating on shares of Snap in a report on Wednesday, February 5th. One equities research analyst  has rated the stock with a sell rating, twenty-three have issued  a hold rating, six have issued  a buy rating and one  has given a strong buy rating to the stock. According to data from MarketBeat, the company  has a consensus rating of &#34;Hold&#34; and a consensus target price of $35.50.</p><p><b>Check Out Our Latest Stock Analysis on Snap</b></p><h2>Snap Company Profile</h2> (Free Report)<p>Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.</p><h2>Read More</h2><ul><li>Five stocks we like better than Snap</li><li>Investing in Commodities: What Are They? How to Invest in Them</li><li>Why DraftKings Share Price Could Soar to Multi-Year Highs</li><li>What Are Dividend Achievers? An Introduction</li><li>Palantir’s Latest Deal Could Put a Freeze on Its Stock Price</li><li>3 Best Fintech Stocks for a Portfolio Boost</li><li>4 Automaker Stocks React to Tariffs: Winners and Losers</li></ul><p><strong>Want to see what other hedge funds are holding SNAP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap Inc. (NYSE:SNAP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOQVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOQVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Snap Right Now?</h2><p>Before you consider Snap, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snap wasn't on the list.</p><p>While Snap currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SNAP

<p>Meridiem Capital Partners LP acquired 751,772 shares of Snap Inc. (NYSE:SNAP) valued at approximately $8.1 million in Q4, as per its SEC filing. Other institutional investors also increased their stakes, with Capital International Investors investing about $422 million. Insider trading included CFO Derek Andersen selling 61,334 shares. Snap's stock opened at $9.19, with a 52-week range of $7.08 to $17.33. Analysts have mixed ratings, with target prices ranging from $7.00 to $10.50.</p>

Meridiem Capital Partners LP Purchases Shares of 751,772 Snap Inc. (NYSE:SNAP)