Frank Slootman Sells 6,714 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total value of $1,148,094.00. Following the completion of the sale, the director now directly owns 196,454 shares in the company, valued at approximately $33,593,634. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, December 10th, Frank Slootman sold 1,712 shares of Snowflake stock. The shares were 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 shares were 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 stock was 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 shares were sold at an average price of $175.26, for a total transaction 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

SNOW opened at $166.29 on Friday. 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 business’s 50 day moving average is $143.77 and its 200-day moving average is $130.66. The stock has a market cap of $54.89 billion, a PE ratio of -49.05 and a beta of 1.03. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72.

Institutional Trading of Snowflake

Hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC grew 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 purchasing an additional 112 shares in the last quarter. Groupama Asset Managment acquired a new stake in Snowflake in the third quarter worth about $25,000. Wellington Shields Capital Management LLC bought a new position in Snowflake in the 2nd quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new position in Snowflake during the 3rd quarter valued at about $30,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Snowflake during the 3rd quarter worth about $34,000. Institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the topic of several recent research reports. Citigroup reduced their target price on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating on the stock in a report on Monday, November 18th. Royal Bank of Canada lifted their price objective on shares of Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. DA Davidson restated a “buy” rating and issued a $175.00 target price on shares of Snowflake in a research note on Thursday, October 3rd. Truist Financial reiterated a “buy” rating and issued a $210.00 price objective on shares of Snowflake in a report on Thursday, November 21st. Finally, KeyCorp lifted their target price on Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.