Snowflake Inc. (NYSE:SNOW) EVP Sells $193,302.55 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 1,535 shares of Snowflake stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $125.93, for a total transaction of $193,302.55. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink.

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 transaction 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 Stock Performance

Shares of SNOW opened at $129.14 on Thursday. Snowflake Inc. has a 52 week low of $122.60 and a 52 week high of $237.72. The stock’s 50-day moving average price is $146.63 and its 200-day moving average price is $174.37.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.88) EPS for the quarter, missing the consensus estimate 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 return on equity of 15.99% and a negative net margin of 30.80%. Research analysts predict that Snowflake Inc. will post -2.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on SNOW. Wedbush restated a “neutral” rating and issued a $210.00 target price on shares of Snowflake in a research note on Wednesday, June 5th. Mizuho cut their price target on Snowflake from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Barclays boosted their price target on Snowflake from $188.00 to $191.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 23rd. Evercore ISI dropped their price objective on Snowflake from $250.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $175.00 target price (down from $230.00) on shares of Snowflake in a report on Thursday, February 29th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average target price of $199.03.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cigna Investments Inc. New increased its stake in shares of Snowflake by 1.6% in the 4th quarter. Cigna Investments Inc. New now owns 3,295 shares of the company’s stock valued at $656,000 after purchasing an additional 51 shares in the last quarter. E&G Advisors LP lifted its position in shares of Snowflake by 3.0% during the 4th quarter. E&G Advisors LP now owns 1,768 shares of the company’s stock valued at $352,000 after buying an additional 51 shares in the last quarter. Commerce Bank grew its stake in Snowflake by 0.8% in the 4th quarter. Commerce Bank now owns 6,138 shares of the company’s stock valued at $1,221,000 after acquiring an additional 51 shares during the period. Parkside Financial Bank & Trust increased its holdings in Snowflake by 34.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock worth $40,000 after acquiring an additional 52 shares in the last quarter. Finally, Valley National Advisers Inc. raised its position in Snowflake by 18.1% during the fourth quarter. Valley National Advisers Inc. now owns 346 shares of the company’s stock worth $68,000 after acquiring an additional 53 shares during the period. 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.