Snap (NYSE:SNAP – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports. KeyCorp raised shares of Snap from a “sector weight” rating to an “overweight” rating in a research note on Monday, April 27th. Following the completion of the sale, the chief technology officer owned 47,012,324 shares of the company’s stock, valued at approximately $255,747,042.56. Over the last 90 days, insiders sold 2,868,059 shares of company stock valued at $15,855,631. Alyeska Investment Group L.P. purchased a new position in Snap during the 3rd quarter valued at about $176,697,000.