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

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

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

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

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $155.89 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The stock has a market capitalization of $51.46 billion, a P/E ratio of -45.98 and a beta of 1.07. The business has a 50-day moving average price of $172.91 and a two-hundred day moving average price of $148.98.

Institutional Investors Weigh In On Snowflake

Several institutional investors have recently modified their holdings of the business. Asset Dedication LLC raised its position in shares of Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after acquiring an additional 59 shares during the period. Quarry LP grew its position in shares of Snowflake by 9.8% in the 4th quarter. Quarry LP now owns 662 shares of the company’s stock valued at $102,000 after purchasing an additional 59 shares during the period. Breakwater Capital Group raised its holdings 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 during the period. Gabelli Funds LLC lifted its stake in Snowflake by 3.3% in the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company’s stock valued at $317,000 after buying an additional 65 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Snowflake by 0.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock valued at $2,077,000 after buying an additional 69 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

SNOW has been the topic of several recent research reports. Needham & Company LLC lifted their price objective on Snowflake from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. UBS Group boosted their price target on shares of Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a report on Thursday, February 27th. Bank of America upped their target price on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Finally, Oppenheimer raised their price target on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $205.08.

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.