Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 3,029 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 3,029 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total transaction of $517,959.00. Following the completion of the sale, the executive vice president now owns 684,639 shares in the company, valued at $117,073,269. This represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, December 10th, Christian Kleinerman sold 558 shares of Snowflake stock. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00.
• 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 shares were 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 transaction of $95,924.01.

Snowflake Stock Up 1.0 %

Shares of NYSE SNOW opened at $164.21 on Friday. The firm has a fifty day simple moving average of $142.93 and a two-hundred day simple moving average of $130.46. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $54.21 billion, a PE ratio of -48.44 and a beta of 1.03.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in shares of Snowflake by 103.9% during the 2nd quarter. Blue Trust Inc. now owns 524 shares of the company’s stock worth $71,000 after acquiring an additional 267 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Snowflake by 17.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 127,790 shares of the company’s stock worth $17,263,000 after purchasing an additional 19,324 shares during the period. Fifth Third Bancorp raised its holdings in Snowflake by 9.3% in the second quarter. Fifth Third Bancorp now owns 3,336 shares of the company’s stock worth $451,000 after purchasing an additional 285 shares in the last quarter. PSI Advisors LLC raised its holdings in Snowflake by 87.3% in the second quarter. PSI Advisors LLC now owns 429 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares in the last quarter. Finally, Boothe Investment Group Inc. bought a new stake in shares of Snowflake during the 2nd quarter valued at $3,691,000. 65.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup cut their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research note on Monday, November 18th. Morgan Stanley reissued an “equal weight” rating and issued a $175.00 target price on shares of Snowflake in a research note on Thursday, August 22nd. Hsbc Global Res raised Snowflake from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 23rd. TD Cowen increased their price objective on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Truist Financial restated a “buy” rating and issued a $210.00 target price on shares of Snowflake in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $184.46.

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.