Insider Selling: Snowflake Inc. (NYSE:SNOW) EVP Sells 15,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total transaction of $2,576,250.00. Following the completion of the sale, the executive vice president now directly owns 594,975 shares in the company, valued at approximately $102,186,956.25. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction of $142,331.91.
• On Tuesday, December 17th, Christian Kleinerman sold 3,029 shares of Snowflake stock. The shares were sold at an average price of $171.00, for a total transaction of $517,959.00.
• 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 transaction of $99,882.00.

Snowflake Trading Up 1.5 %

NYSE SNOW opened at $158.54 on Friday. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company’s 50 day moving average price is $173.79 and its 200 day moving average price is $146.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $52.33 billion, a price-to-earnings ratio of -46.77 and a beta of 1.07.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. IronOak Wealth LLC. acquired a new stake in Snowflake in the fourth quarter valued at approximately $633,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Snowflake in the fourth quarter valued at approximately $24,081,000. Employees Retirement System of Texas grew its position in Snowflake by 300.3% in the fourth quarter. Employees Retirement System of Texas now owns 43,235 shares of the company’s stock valued at $6,676,000 after acquiring an additional 32,435 shares in the last quarter. Jefferies Financial Group Inc. grew its position in Snowflake by 139.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 6,135 shares of the company’s stock valued at $947,000 after acquiring an additional 3,577 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC acquired a new stake in Snowflake in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Evercore ISI boosted their price objective on shares of Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada boosted their price objective on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Citigroup boosted their price objective on shares of Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Barclays boosted their price objective on shares of Snowflake from $190.00 to $203.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $202.92.

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.