Snowflake Inc. (NYSE:SNOW) EVP Sells $1,600,000.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $160.00, for a total value of $1,600,000.00. Following the completion of the transaction, the executive vice president now directly owns 590,632 shares of the company’s stock, valued at approximately $94,501,120. This trade represents a 1.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, March 21st, Christian Kleinerman sold 7,908 shares of Snowflake stock. The shares were sold at an average price of $154.67, for a total value of $1,223,130.36.
• On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The stock was sold at an average price of $155.69, for a total value of $586,172.85.
• On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The stock was sold at an average price of $147.24, for a total value of $100,859.40.
• On Tuesday, March 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $171.75, for a total value of $2,576,250.00.
• On Tuesday, February 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $186.50, for a total value of $2,797,500.00.

Snowflake Stock Performance

Shares of SNOW opened at $159.49 on Thursday. The stock has a 50 day moving average price of $153.50 and a 200 day moving average price of $156.35. 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 company has a market capitalization of $52.65 billion, a price-to-earnings ratio of -47.05 and a beta of 1.13. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. KeyCorp reduced their target price on Snowflake from $220.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Loop Capital lifted their price target on Snowflake from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Mizuho increased their price objective on Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Monness Crespi & Hardt lifted their target price on shares of Snowflake from $188.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.27.

Hedge Funds Weigh In On Snowflake

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asset Dedication LLC boosted its holdings in Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after purchasing an additional 59 shares in the last quarter. Quarry LP boosted its holdings in shares of Snowflake by 9.8% in the fourth quarter. Quarry LP now owns 662 shares of the company’s stock valued at $102,000 after acquiring an additional 59 shares during the period. Breakwater Capital Group boosted its holdings in shares of Snowflake by 2.2% in the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after acquiring an additional 62 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Snowflake by 3.3% in the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company’s stock valued at $317,000 after acquiring an additional 65 shares during the period. Finally, Archford Capital Strategies LLC boosted its holdings in shares of Snowflake by 1.9% in the first quarter. Archford Capital Strategies LLC now owns 3,609 shares of the company’s stock valued at $527,000 after acquiring an additional 68 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

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.