Snap Inc. (SNAP) is down 3.3% today. Here is some analysis on what might have caused this price movement.
Analysis: The decline does not appear to be tied to a fresh company-specific negative filing or earnings release today. This could be because investors are still cautious about Snap’s heavier push into augmented-reality hardware, while a broader pullback in growth and communication-services stocks and the approach of its next earnings report kept pressure on sentiment. ([investor.snap.com](https://investor.snap.com/news/news-details/2026/Snap-Inc--Announces-Date-of-Second-Quarter-2026-Results-Conference-Call/default.aspx?utm_source=openai))
Details:
Sources:
Snap Investor Relations, SEC, Reuters
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$SNAP Insider Trading Activity
$SNAP insiders have traded $SNAP stock on the open market 26 times in the past 6 months. Of those trades, 0 have been purchases and 26 have been sales.
Here’s a breakdown of recent trading of $SNAP stock by insiders over the last 6 months:
- ROBERT C. MURPHY (Chief Technology Officer) has made 0 purchases and 5 sales selling 6,343,945 shares for an estimated $34,091,814.
- EVAN SPIEGEL (Chief Executive Officer) sold 1,000,000 shares for an estimated $5,041,200
- ZACHARY M BRIERS (General Counsel) has made 0 purchases and 6 sales selling 427,958 shares for an estimated $2,230,970.
- DOUGLAS HOTT (Chief Financial Officer) has made 0 purchases and 2 sales selling 238,911 shares for an estimated $1,346,169.
- AJIT MOHAN (Chief Business Officer) has made 0 purchases and 6 sales selling 247,696 shares for an estimated $1,305,799.
- DEREK ANDERSEN (Chief Financial Officer) has made 0 purchases and 2 sales selling 155,997 shares for an estimated $723,388.
- REBECCA MORROW (Chief Accounting Officer) has made 0 purchases and 4 sales selling 39,973 shares for an estimated $207,081.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SNAP Hedge Fund Activity
We have seen 259 institutional investors add shares of $SNAP stock to their portfolio, and 219 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL WORLD INVESTORS removed 88,452,006 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $406,879,227
- CAPITAL INTERNATIONAL INVESTORS removed 37,871,060 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $174,206,876
- IRENIC CAPITAL MANAGEMENT LP added 30,000,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $138,000,000
- ACADIAN ASSET MANAGEMENT LLC added 19,445,497 shares (+348.0%) to their portfolio in Q1 2026, for an estimated $89,449,286
- CITADEL ADVISORS LLC removed 14,552,931 shares (-69.4%) from their portfolio in Q1 2026, for an estimated $66,943,482
- ALYESKA INVESTMENT GROUP, L.P. removed 11,195,463 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $51,499,129
- MILLENNIUM MANAGEMENT LLC removed 10,618,671 shares (-69.2%) from their portfolio in Q1 2026, for an estimated $48,845,886
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$SNAP Government Contracts
We have seen $11,580,227 of award payments to $SNAP over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- DATABRICKS SOFTWARE RENEWAL: $11,436,251
- GRAYKEY LICENSE: $119,911
- LOUDSPEAKER, PERMANENT MAGNET: $12,352
- QUALTRICS - ISP SURVEY TOOL: $11,712
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
$SNAP Analyst Ratings
Wall Street analysts have issued reports on $SNAP in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Underweight" rating on 05/07/2026
- B. Riley Securities issued a "Buy" rating on 02/05/2026
To track analyst ratings and price targets for $SNAP, check out Quiver Quantitative's $SNAP forecast page.
$SNAP Price Targets
Multiple analysts have issued price targets for $SNAP recently. We have seen 22 analysts offer price targets for $SNAP in the last 6 months, with a median target of $7.0.
Here are some recent targets:
- Wyatt Swanson from DA Davidson set a target price of $5.0 on 07/08/2026
- Eric Sheridan from Goldman Sachs set a target price of $6.0 on 07/08/2026
- Alec Brondolo from Wells Fargo set a target price of $5.0 on 07/07/2026
- Brad Erickson from RBC Capital set a target price of $8.0 on 05/07/2026
- Doug Anmuth from JP Morgan set a target price of $6.0 on 05/07/2026
- Mark Kelley from Stifel set a target price of $5.25 on 04/21/2026
- Barton Crockett from Rosenblatt set a target price of $6.4 on 04/16/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
