Snowflake Inc. (NYSE:SNOW) EVP Sells $586,172.85 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 3,765 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total value of $586,172.85. Following the transaction, the executive vice president now directly owns 616,602 shares of the company’s stock, valued at approximately $95,998,765.38. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Christian Kleinerman also recently made the following trade(s):

• On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The shares were sold at an average price of $147.24, for a total value of $100,859.40.
• On Tuesday, March 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $171.75, for a total value of $2,576,250.00.
• On Tuesday, February 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00.
• On Monday, December 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The shares were sold at an average price of $165.31, for a total value of $142,331.91.

Snowflake Price Performance

NYSE:SNOW traded up $1.53 during trading hours on Wednesday, hitting $155.89. 4,554,018 shares of the stock were exchanged, compared to its average volume of 6,383,736. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The firm’s fifty day moving average price is $173.01 and its 200 day moving average price is $148.93. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market cap of $51.46 billion, a P/E ratio of -45.98 and a beta of 1.07.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SNOW shares. Oppenheimer raised their price objective on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Monness Crespi & Hardt raised their price objective on Snowflake from $188.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Mizuho raised their price objective on Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $190.00 price objective on shares of Snowflake in a research note on Tuesday, December 3rd. Finally, TD Cowen raised their price objective on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $202.92.

Institutional Investors Weigh In On Snowflake

Several large investors have recently bought and sold shares of the company. Asset Dedication LLC increased its stake in Snowflake by 6.8% during the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after buying an additional 59 shares in the last quarter. Quarry LP increased its stake in Snowflake by 9.8% during the 4th quarter. Quarry LP now owns 662 shares of the company’s stock worth $102,000 after buying an additional 59 shares in the last quarter. Breakwater Capital Group increased its stake in Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after buying an additional 62 shares in the last quarter. Gabelli Funds LLC increased its stake in Snowflake by 3.3% during the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company’s stock worth $317,000 after buying an additional 65 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock worth $2,077,000 after buying an additional 69 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

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.