Snowflake Inc. (NYSE:SNOW) EVP Sells $99,882.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 558 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total value of $99,882.00. Following the transaction, the executive vice president now directly owns 690,647 shares in the company, valued at approximately $123,625,813. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00.
• On Wednesday, November 6th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00.
• On Thursday, October 10th, Christian Kleinerman sold 30,000 shares of Snowflake stock. The stock was sold at an average price of $120.00, for a total value of $3,600,000.00.
• On Monday, September 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The stock was sold at an average price of $111.41, for a total value of $95,924.01.
• On Tuesday, September 17th, Christian Kleinerman sold 3,029 shares of Snowflake stock. The stock was sold at an average price of $114.39, for a total value of $346,487.31.

Snowflake Stock Performance

Shares of SNOW opened at $169.98 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The business has a 50-day simple moving average of $137.88 and a two-hundred day simple moving average of $129.73. The stock has a market cap of $56.11 billion, a price-to-earnings ratio of -50.14 and a beta of 1.03. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SNOW shares. Deutsche Bank Aktiengesellschaft lifted their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Wedbush upgraded Snowflake from a “neutral” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Monday, November 25th. Mizuho lifted their price objective on Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Jefferies Financial Group lifted their price objective on Snowflake from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $180.00 price objective on shares of Snowflake in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $183.89.

Institutional Trading of Snowflake

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Modus Advisors LLC boosted its stake in shares of Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after acquiring an additional 94 shares during the period. Catalyst Private Wealth LLC boosted its stake in shares of Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after acquiring an additional 104 shares during the period. LRI Investments LLC boosted its stake in shares of Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after acquiring an additional 112 shares during the period. Hoylecohen LLC boosted its stake in shares of Snowflake by 2.7% in the second quarter. Hoylecohen LLC now owns 4,357 shares of the company’s stock worth $589,000 after acquiring an additional 115 shares during the period. Finally, Clear Creek Financial Management LLC boosted its stake in shares of Snowflake by 6.7% in the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock worth $210,000 after acquiring an additional 115 shares during the period. Hedge funds and other 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.