Christian Kleinerman Sells 1,535 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 1,535 shares of Snowflake stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $125.93, for a total transaction of $193,302.55. Following the sale, the executive vice president now owns 749,615 shares in the company, valued at $94,399,016.95. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, June 11th, Christian Kleinerman sold 546 shares of Snowflake stock. The stock was sold at an average price of $129.32, for a total value of $70,608.72.
• On Tuesday, June 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $137.14, for a total value of $2,057,100.00.
• On Tuesday, May 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $161.15, for a total value of $241,725.00.
• On Monday, April 15th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $156.38, for a total value of $234,570.00.

Snowflake Trading Up 4.0 %

SNOW stock opened at $129.14 on Thursday. The company’s 50 day simple moving average is $146.63 and its 200-day simple moving average is $174.37. Snowflake Inc. has a 12 month low of $122.60 and a 12 month high of $237.72.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.40). The company had revenue of $828.71 million during the quarter, compared to analysts’ expectations of $786.95 million. Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.99%. As a group, analysts predict that Snowflake Inc. will post -2.28 EPS for the current fiscal year.

Analyst Ratings Changes

SNOW has been the subject of several research reports. Canaccord Genuity Group reduced their price target on shares of Snowflake from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Macquarie decreased their target price on shares of Snowflake from $205.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Robert W. Baird dropped their price target on Snowflake from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, May 23rd. Scotiabank reduced their price objective on Snowflake from $207.00 to $195.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 23rd. Finally, Wells Fargo & Company lowered their target price on Snowflake from $225.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.03.

Institutional Trading of Snowflake

A number of large investors have recently made changes to their positions in SNOW. Accent Capital Management LLC acquired a new stake in shares of Snowflake during the 4th quarter worth about $25,000. LRI Investments LLC purchased a new stake in Snowflake in the 1st quarter worth approximately $29,000. Riverview Trust Co acquired a new position in Snowflake in the 1st quarter valued at $31,000. Hartford Financial Management Inc. purchased a new position in shares of Snowflake during the 1st quarter worth $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Snowflake during the first quarter worth $32,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

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.