Snowflake (NYSE:SNOW) EVP Christian Kleinerman Sells 10,000 Shares

Snowflake Inc. (NYSE:SNOWGet Free Report) EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $249.53, for a total value of $2,495,300.00. Following the sale, the executive vice president directly owned 512,450 shares in the company, valued at approximately $127,871,648.50. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, November 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $277.73, for a total value of $2,777,300.00.
  • On Friday, October 31st, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00.
  • On Wednesday, October 8th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $250.00, for a total value of $1,250,000.00.
  • On Wednesday, October 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $223.88, for a total transaction of $2,238,800.00.
  • On Tuesday, September 23rd, Christian Kleinerman sold 2,611 shares of Snowflake stock. The stock was sold at an average price of $230.48, for a total transaction of $601,783.28.
  • On Tuesday, September 16th, Christian Kleinerman sold 2,975 shares of Snowflake stock. The stock was sold at an average price of $221.24, for a total transaction of $658,189.00.
  • On Tuesday, September 9th, Christian Kleinerman sold 548 shares of Snowflake stock. The stock was sold at an average price of $223.86, for a total value of $122,675.28.

Snowflake Trading Up 2.2%

NYSE SNOW opened at $265.34 on Thursday. The firm has a market capitalization of $89.90 billion, a PE ratio of -63.94 and a beta of 1.09. The business’s 50-day moving average price is $250.99 and its two-hundred day moving average price is $225.85. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.96. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.

Snowflake (NYSE:SNOWGet Free Report) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. On average, analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.

Analyst Ratings Changes

SNOW has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Snowflake in a research note on Wednesday, October 8th. Raymond James Financial lifted their price objective on Snowflake from $212.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Rosenblatt Securities upped their target price on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on Snowflake from $225.00 to $255.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Finally, The Goldman Sachs Group increased their price target on Snowflake from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $270.31.

Check Out Our Latest Analysis on SNOW

Institutional Trading of Snowflake

Several hedge funds have recently bought and sold shares of SNOW. IFP Advisors Inc increased its stake in Snowflake by 1.9% during the 3rd quarter. IFP Advisors Inc now owns 11,773 shares of the company’s stock valued at $2,655,000 after purchasing an additional 219 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of Snowflake by 9.1% during the third quarter. Swiss Life Asset Management Ltd now owns 34,116 shares of the company’s stock valued at $7,695,000 after buying an additional 2,856 shares during the last quarter. Investment Research Partners LLC bought a new stake in shares of Snowflake during the third quarter worth about $228,000. Strategic Advocates LLC purchased a new stake in shares of Snowflake in the third quarter worth approximately $45,000. Finally, Manhattan West Asset Management LLC raised its position in Snowflake by 0.7% in the 3rd quarter. Manhattan West Asset Management LLC now owns 13,332 shares of the company’s stock valued at $3,007,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

About Snowflake

(Get Free Report)

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.

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