Snowflake Inc. (NYSE:SNOW) EVP Sells $1,223,130.36 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 7,908 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $154.67, for a total value of $1,223,130.36. Following the completion of the sale, the executive vice president now directly owns 600,632 shares in the company, valued at $92,899,751.44. This represents a 1.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The stock was sold at an average price of $155.69, for a total value of $586,172.85.
• 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 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 stock was sold at an average price of $186.50, for a total value of $2,797,500.00.

Snowflake Stock Up 3.1 %

SNOW stock opened at $163.36 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company has a 50-day moving average of $172.76 and a two-hundred day moving average of $150.25. The stock has a market capitalization of $53.93 billion, a price-to-earnings ratio of -48.19 and a beta of 1.07. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research report on Thursday, February 27th. UBS Group increased their target price on Snowflake from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Wedbush set a $210.00 price target on Snowflake in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities increased their price objective on Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.08.

Institutional Trading of Snowflake

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNOW. Norges Bank acquired a new position in shares of Snowflake during the fourth quarter worth approximately $988,950,000. GQG Partners LLC acquired a new position in Snowflake during the 4th quarter valued at $750,572,000. Jennison Associates LLC boosted its holdings in Snowflake by 92.2% in the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after purchasing an additional 3,662,671 shares during the period. FMR LLC grew its position in Snowflake by 84.9% in the 4th quarter. FMR LLC now owns 6,108,123 shares of the company’s stock worth $943,155,000 after purchasing an additional 2,805,425 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Snowflake by 124.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,968,755 shares of the company’s stock worth $612,817,000 after purchasing an additional 2,200,406 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

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.