Snap nosedives 13% after its CFO unexpectedly resigns less than one year into his job [CNBC]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: CNBC
Snap nosedives 13% after its CFO unexpectedly resigns less than one year into his job Michael Nagle | Bloomberg | Getty Images Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company's initial public offering on Thursday, March 2, 2017. Snap disclosed CFO Tim Stone's resignation in an SEC filing The Financial Times reported Wednesday that a "personality clash" with CEO Evan Spiegel was a factor in Stone's departure. Stone reportedly hoped to replace former Chief Strategy Officer Imran Khan and was disappointed when two external hires took over the position instead. He also had a difficult time adjusting to a smaller company than his previous employer, Amazon Snap did not immediately respond to a request for comment. Stone, who started as CFO in May 2018, follows a host of other executives who have fled the company. In the past year, executive departures from Snap included chief strategy officer Imran Khan
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SNAP
News
- Snap Inc. (NYSE: SNAP) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $16.00 price target on the stock, up previously from $15.00.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at TD Cowen from $11.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $18.00. They now have an "overweight" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $13.50 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 4/26/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- SNAP's page on the SEC website