Snap Inc. CBO Ajit Mohan sells $39,575 in stock

Ajit Mohan, Snap Inc.'s Chief Business Officer, recently sold 6,797 shares of the company's Class A Common Stock on September 16, 2026. The transaction was valued at approximately $39,575 and was primarily aimed at meeting tax withholding obligations related to the settlement and release of restricted stock units given to Mr. Mohan. Post the sale, Mohan now owns 4,965,300 shares of Snap Inc. Class A Common Stock.

Snap Inc.'s stock currently trades at $5.53, considerably lower than its 52-week high of $9.28. With analysts forecasting profitability this year, the stock seems undervalued according to InvestingPro analysis. For a more detailed evaluation of Snap's valuation and growth potential, interested investors can refer to the Pro Research Report available for this and 1,400+ other US equities.

Earlier this month, Snap Inc. reported robust second-quarter results, exceeding market expectations. The company reported revenue of $1.60 billion, a 19% increase year-over-year, and adjusted EBITDA of $250 million, which is 30% higher than predicted. Additionally, free cash flow stood at $121 million, surpassing forecasts, and the gross margin was 58.2%.

These impressive figures were a result of stabilized audience numbers and improved monetization strategies in North America, coupled with increased advertising spend from major enterprises. Following the positive earnings report, Freedom Broker upgraded Snap's stock rating to a "buy" from "hold," raising the price target to $7.50, while Benchmark maintained its "Hold" rating.

Guggenheim also kept a "Neutral" rating with a $5.50 price target, highlighting a minor slowdown in the global Ads Manager audience reach growth in August. Moreover, Snap's average revenue per user increased by 23% year-over-year to $10.30 in the second quarter.

Notably, Snap Inc. has introduced new event-planning features, enabling users to organize gatherings directly through the Snapchat app. This article was produced with the assistance of AI technology but reviewed by a human editor to ensure accuracy and quality.