Zachary M. Briers, General Counsel at Snap Inc. (NASDAQ:SNAP), sold 11,958 shares of the company’s Class A Common Stock on June 4, 2026. The shares were sold at a price of $6.00 per share, totaling $71,748 from the transaction. The sale price represents a slight premium to the current stock price of $5.76, which has declined roughly 29% over the past year. Despite recent challenges, InvestingPro analysis suggests the stock is undervalued, with a Fair Value of $8.88—placing it among potential opportunities on the Most Undervalued list.
The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Briers on November 17, 2025. Following this transaction, Mr. Briers directly holds 2,560,835 shares of Snap Class A Common Stock. While the company posted a loss of $0.24 per share over the last twelve months, InvestingPro Tips indicate analysts predict profitability this year with forecast earnings of $0.61 per share. Investors seeking deeper insights can access 6 additional ProTips and comprehensive analysis through the detailed Pro Research Report available for SNAP.
In other recent news, Snap Inc. has acquired Illumix, a company specializing in spatial augmented reality, to enhance its AR capabilities. The financial terms of this acquisition were not disclosed. Additionally, S&P Global Ratings has upgraded Snap’s credit rating to BB- from B+, citing improved operating and financial performance. This upgrade reflects a decline in Snap’s adjusted gross leverage and an increase in free operating cash flow to debt. S&P Global Ratings anticipates continued revenue growth from subscriptions and a cost savings program.
In another development, Snap Inc. saw its shares rise following Meta Platforms’ announcement of premium subscription versions for its social media products. This move by Meta could have implications for other social media companies, including Snap. Furthermore, Snap was involved in a settlement with a Kentucky school district over claims related to social media’s impact on student mental health. Lastly, Snap has appointed Luke Wood, former President of Beats by Dr. Dre, to its board of directors, bringing his experience from Apple and Beats to the company.
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