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 firm’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 transaction, the executive vice president now owns 600,632 shares in the company, valued at approximately $92,899,751.44. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The shares were 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 shares were 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 transaction of $2,797,500.00.

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $162.86 on Wednesday. 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 12 month low of $107.13 and a 12 month high of $194.40. The company has a market capitalization of $53.76 billion, a price-to-earnings ratio of -48.04 and a beta of 1.07. The firm’s 50-day moving average is $172.75 and its 200 day moving average is $150.63.

Analysts Set New Price Targets

A number of equities analysts recently commented on SNOW shares. Royal Bank of Canada raised their target price on Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Barclays lifted their price objective on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price for the company in a report on Tuesday, February 18th. Citigroup lifted their price target on shares of Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Wedbush set a $210.00 price objective on shares of Snowflake in a research note on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.08.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Stonebridge Financial Group LLC purchased a new position in Snowflake during the 4th quarter valued at $29,000. West Paces Advisors Inc. bought a new stake in shares of Snowflake during the fourth quarter worth $31,000. Spurstone Advisory Services LLC bought a new position in shares of Snowflake in the fourth quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in shares of Snowflake in the fourth quarter worth about $31,000. Finally, Carolinas Wealth Consulting LLC purchased a new position in shares of Snowflake during the fourth quarter worth approximately $32,000. Institutional investors 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.