Snowflake Inc. (NYSE:SNOW) Director Sells $262,528.92 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 1,783 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $147.24, for a total transaction of $262,528.92. Following the sale, the director now directly owns 192,511 shares in the company, valued at $28,345,319.64. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Frank Slootman also recently made the following trade(s):

• On Wednesday, January 22nd, Frank Slootman sold 127,247 shares of Snowflake stock. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75.
• On Monday, December 30th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00.
• On Tuesday, December 17th, Frank Slootman sold 6,714 shares of Snowflake stock. The stock was sold at an average price of $171.00, for a total value of $1,148,094.00.

Snowflake Price Performance

Shares of NYSE SNOW traded up $2.69 during mid-day trading on Wednesday, reaching $152.59. The company’s stock had a trading volume of 6,255,200 shares, compared to its average volume of 6,430,209. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The stock has a fifty day moving average of $173.51 and a two-hundred day moving average of $147.59. The firm has a market capitalization of $50.37 billion, a PE ratio of -45.01 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Groupama Asset Managment purchased a new position in shares of Snowflake in the third quarter worth $25,000. Stonebridge Financial Group LLC purchased a new stake in shares of Snowflake during the 4th quarter worth approximately $29,000. West Paces Advisors Inc. purchased a new stake in shares of Snowflake during the 4th quarter worth approximately $31,000. Spurstone Advisory Services LLC purchased a new position in shares of Snowflake in the fourth quarter valued at $31,000. Finally, Capital A Wealth Management LLC bought a new stake in Snowflake in the fourth quarter worth $31,000. 65.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SNOW has been the subject of several recent analyst reports. Oppenheimer lifted their price target on Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of Snowflake from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Canaccord Genuity Group raised their price target on shares of Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada upped their price objective on Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Truist Financial reissued a “buy” rating and issued a $225.00 target price (up previously from $210.00) on shares of Snowflake in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus price target of $202.92.

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.