Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 3,029 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 3,029 shares of Snowflake stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total value of $517,959.00. Following the completion of the transaction, the executive vice president now owns 684,639 shares of the company’s stock, valued at approximately $117,073,269. This represents a 0.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 10th, Christian Kleinerman sold 558 shares of Snowflake stock. The shares were sold at an average price of $179.00, for a total value of $99,882.00.
• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00.
• On Wednesday, November 6th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00.
• On Thursday, October 10th, Christian Kleinerman sold 30,000 shares of Snowflake stock. The shares were sold at an average price of $120.00, for a total transaction of $3,600,000.00.
• On Monday, September 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The stock was sold at an average price of $111.41, for a total transaction of $95,924.01.

Snowflake Trading Down 4.8 %

NYSE SNOW opened at $162.59 on Thursday. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72. The company has a 50 day moving average price of $142.12 and a 200 day moving average price of $130.22. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market cap of $53.67 billion, a PE ratio of -47.96 and a beta of 1.03.

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently bought and sold shares of SNOW. Toronto Dominion Bank boosted its position in shares of Snowflake by 24.1% in the 3rd quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after purchasing an additional 7,239 shares in the last quarter. Independent Advisor Alliance raised its stake in Snowflake by 15.5% in the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after buying an additional 548 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Snowflake by 1.4% in the third quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock worth $66,086,000 after acquiring an additional 7,373 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Snowflake by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,511 shares of the company’s stock worth $143,289,000 after acquiring an additional 36,704 shares during the last quarter. Finally, Sender Co & Partners Inc. increased its holdings in shares of Snowflake by 100.9% during the third quarter. Sender Co & Partners Inc. now owns 8,522 shares of the company’s stock valued at $979,000 after acquiring an additional 4,280 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Snowflake from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. Wells Fargo & Company upped their target price on Snowflake from $125.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Scotiabank boosted their price objective on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Loop Capital reduced their target price on Snowflake from $225.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $180.00 target price on shares of Snowflake in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.46.

Snowflake Company Profile

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.