Insider Selling: Snowflake Inc. (NYSE:SNOW) Director Sells 127,247 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 127,247 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the completion of the sale, the director now directly owns 195,281 shares in the company, valued at $34,418,276.25. This represents a 39.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, December 30th, Frank Slootman sold 100,000 shares of Snowflake stock. The stock was 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 shares were sold at an average price of $171.00, for a total transaction of $1,148,094.00.
• On Tuesday, December 10th, Frank Slootman sold 1,712 shares of Snowflake stock. The stock was sold at an average price of $179.00, for a total transaction of $306,448.00.
• On Tuesday, December 3rd, Frank Slootman sold 2,218 shares of Snowflake stock. The stock was sold at an average price of $175.00, for a total transaction of $388,150.00.
• On Friday, November 29th, Frank Slootman sold 59,617 shares of Snowflake stock. The shares were sold at an average price of $176.25, for a total value of $10,507,496.25.
• On Tuesday, November 26th, Frank Slootman sold 20,514 shares of Snowflake stock. The stock was sold at an average price of $175.26, for a total value of $3,595,283.64.
• On Friday, November 22nd, Frank Slootman sold 45,896 shares of Snowflake stock. The shares were sold at an average price of $176.06, for a total value of $8,080,449.76.

Snowflake Stock Performance

NYSE:SNOW opened at $174.77 on Friday. The company’s 50 day moving average is $163.96 and its 200-day moving average is $135.63. 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 12 month low of $107.13 and a 12 month high of $237.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SNOW. Groupama Asset Managment bought a new stake in Snowflake during the third quarter valued at about $25,000. V Square Quantitative Management LLC bought a new stake in Snowflake during the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC bought a new stake in Snowflake during the 3rd quarter valued at approximately $34,000. Perkins Coie Trust Co grew its holdings in Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after buying an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Snowflake during the fourth quarter worth approximately $38,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on SNOW. Argus started coverage on shares of Snowflake in a research note on Tuesday, October 1st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Monness Crespi & Hardt raised their price objective on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. DA Davidson reissued a “buy” rating and set a $175.00 target price on shares of Snowflake in a research note on Thursday, October 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of Snowflake in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.06.

Snowflake Company Profile

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.