Snowflake Inc. (NYSE:SNOW) CEO Frank Slootman Sells 4,780 Shares

Snowflake Inc. (NYSE:SNOW) CEO Frank Slootman sold 4,780 shares of the firm’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $388.72, for a total transaction of $1,858,081.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, November 16th, Frank Slootman sold 63,093 shares of Snowflake stock. The stock was sold at an average price of $400.01, for a total transaction of $25,237,830.93.
  • On Friday, October 29th, Frank Slootman sold 10,322 shares of Snowflake stock. The stock was sold at an average price of $353.52, for a total transaction of $3,649,033.44.
  • On Wednesday, October 27th, Frank Slootman sold 41,674 shares of Snowflake stock. The stock was sold at an average price of $350.14, for a total transaction of $14,591,734.36.
  • On Wednesday, October 20th, Frank Slootman sold 63,093 shares of Snowflake stock. The stock was sold at an average price of $335.46, for a total transaction of $21,165,177.78.
  • On Monday, September 20th, Frank Slootman sold 63,093 shares of Snowflake stock. The shares were sold at an average price of $311.74, for a total transaction of $19,668,611.82.
  • On Thursday, August 26th, Frank Slootman sold 189,282 shares of Snowflake stock. The shares were sold at an average price of $302.88, for a total transaction of $57,329,732.16.

NYSE SNOW opened at $355.36 on Thursday. The stock has a market capitalization of $106.93 billion, a PE ratio of -116.51 and a beta of 1.55. The company has a 50 day moving average price of $340.16 and a two-hundred day moving average price of $288.56. Snowflake Inc. has a 12-month low of $184.71 and a 12-month high of $429.00.

Snowflake (NYSE:SNOW) last posted its earnings results on Tuesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.11. Snowflake had a negative net margin of 89.38% and a negative return on equity of 15.26%. The firm had revenue of $272.20 million during the quarter, compared to analysts’ expectations of $256.74 million. The firm’s revenue for the quarter was up 104.5% compared to the same quarter last year. On average, analysts expect that Snowflake Inc. will post -2.11 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Snowflake by 104.1% in the third quarter. Bank of New York Mellon Corp now owns 1,229,509 shares of the company’s stock worth $371,840,000 after buying an additional 627,031 shares during the last quarter. Jupiter Wealth Management LLC lifted its stake in shares of Snowflake by 48.1% in the third quarter. Jupiter Wealth Management LLC now owns 2,850 shares of the company’s stock worth $1,029,000 after buying an additional 926 shares during the last quarter. Tudor Investment Corp Et Al lifted its stake in shares of Snowflake by 274.1% in the third quarter. Tudor Investment Corp Et Al now owns 42,403 shares of the company’s stock worth $12,824,000 after buying an additional 31,067 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Snowflake by 13.8% in the third quarter. Captrust Financial Advisors now owns 3,678 shares of the company’s stock worth $1,112,000 after buying an additional 445 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Snowflake by 19.8% in the third quarter. Cetera Investment Advisers now owns 3,419 shares of the company’s stock worth $1,034,000 after buying an additional 565 shares during the last quarter. Institutional investors and hedge funds own 62.42% of the company’s stock.

SNOW has been the topic of several research analyst reports. BTIG Research raised shares of Snowflake from a “neutral” rating to a “buy” rating and set a $353.00 target price on the stock in a research note on Thursday, September 30th. Needham & Company LLC reissued a “hold” rating on shares of Snowflake in a research note on Wednesday, September 15th. Barclays lifted their price objective on shares of Snowflake from $270.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 26th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on shares of Snowflake from $275.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, August 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Snowflake from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, August 26th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $325.76.

Snowflake Company Profile

Snowflake Inc provides cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data.

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Insider Buying and Selling by Quarter for Snowflake (NYSE:SNOW)

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