Christian Kleinerman Sells 10,000 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $205.67, for a total transaction of $2,056,700.00. Following the transaction, the executive vice president now directly owns 570,632 shares in the company, valued at $117,361,883.44. This trade represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, May 22nd, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $200.00, for a total transaction of $1,000,000.00.
• On Thursday, May 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $168.00, for a total transaction of $1,680,000.00.
• On Friday, April 25th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $160.00, for a total transaction of $1,600,000.00.
• 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 transaction of $1,223,130.36.
• On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The shares were sold at an average price of $155.69, for a total transaction of $586,172.85.
• On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The shares were sold at an average price of $147.24, for a total transaction of $100,859.40.

Snowflake Stock Performance

Snowflake stock opened at $209.99 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. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $214.83. The company has a market cap of $70.11 billion, a PE ratio of -61.94 and a beta of 1.21. The company’s 50-day moving average is $168.14 and its two-hundred day moving average is $168.59.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Snowflake had a negative net margin of 33.02% and a negative return on equity of 24.23%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted $0.14 EPS. The company’s revenue was up 25.8% compared to the same quarter last year. Equities analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Wall Street Analyst Weigh In

SNOW has been the topic of several analyst reports. Loop Capital boosted their price target on shares of Snowflake from $220.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of Snowflake in a report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $225.00 target price (up previously from $200.00) on shares of Snowflake in a report on Thursday, May 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 target price (up previously from $210.00) on shares of Snowflake in a report on Thursday, May 22nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $250.00 target price on shares of Snowflake in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $221.28.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP raised its position in shares of Snowflake by 9.8% in the 4th 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. Ignite Planners LLC raised its position in shares of Snowflake by 2.3% in the 1st quarter. Ignite Planners LLC now owns 2,861 shares of the company’s stock valued at $418,000 after acquiring an additional 64 shares during the period. Gabelli Funds LLC raised its position in shares of Snowflake by 3.3% in the 4th 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. Archford Capital Strategies LLC raised its position in shares of Snowflake by 1.9% in the 1st 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. Finally, TD Private Client Wealth LLC raised its position in shares of Snowflake by 8.9% in the 1st quarter. TD Private Client Wealth LLC now owns 832 shares of the company’s stock valued at $122,000 after acquiring an additional 68 shares during the period. 65.10% of the stock is currently 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.