Insider Selling: Snowflake Inc. (NYSE:SNOW) Director Sells 20,514 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 20,514 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $175.26, for a total transaction of $3,595,283.64. Following the transaction, the director now owns 208,735 shares in the company, valued at approximately $36,582,896.10. The trade was a 8.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Frank Slootman also recently made the following trade(s):

• On Friday, November 22nd, Frank Slootman sold 45,896 shares of Snowflake stock. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76.
• On Tuesday, September 17th, Frank Slootman sold 6,251 shares of Snowflake stock. The stock was sold at an average price of $114.39, for a total value of $715,051.89.
• On Tuesday, September 10th, Frank Slootman sold 1,606 shares of Snowflake stock. The shares were sold at an average price of $109.96, for a total value of $176,595.76.

Snowflake Stock Up 1.4 %

NYSE SNOW traded up $2.34 during trading on Wednesday, reaching $173.62. 6,959,448 shares of the stock traded hands, compared to its average volume of 6,817,471. The stock’s 50-day moving average price is $122.43 and its 200 day moving average price is $128.01. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72.

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently modified their holdings of SNOW. Modus Advisors LLC lifted its stake in Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock valued at $286,000 after buying an additional 94 shares in the last quarter. Catalyst Private Wealth LLC increased its holdings in Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after purchasing an additional 104 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Snowflake by 30.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company’s stock valued at $72,000 after purchasing an additional 108 shares during the period. LRI Investments LLC lifted its holdings in shares of Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after purchasing an additional 112 shares in the last quarter. Finally, Hoylecohen LLC grew its holdings in shares of Snowflake by 2.7% during the second quarter. Hoylecohen LLC now owns 4,357 shares of the company’s stock worth $589,000 after buying an additional 115 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of recent research reports. Monness Crespi & Hardt increased their price objective on shares of Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Evercore ISI raised their price target on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. KeyCorp upped their price objective on Snowflake from $150.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Mizuho raised their target price on Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Barclays upped their price target on Snowflake from $142.00 to $172.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.09.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.