Snowflake Inc. (NYSE:SNOW) EVP Sells $517,959.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 3,029 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.00, for a total value of $517,959.00. Following the completion of the transaction, the executive vice president now directly owns 684,639 shares of the company’s stock, valued at $117,073,269. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 value of $99,882.00.
• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $180.00, for a total transaction 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 transaction 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 transaction of $3,600,000.00.
• On Monday, September 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The shares were sold at an average price of $111.41, for a total value of $95,924.01.

Snowflake Price Performance

Shares of Snowflake stock opened at $166.29 on Friday. The company has a market cap of $54.89 billion, a PE ratio of -49.05 and a beta of 1.03. The business has a 50 day moving average of $143.77 and a 200 day moving average of $130.66. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Oddo BHF Asset Management Sas bought a new position in Snowflake in the third quarter worth about $12,145,000. Garde Capital Inc. boosted its position in shares of Snowflake by 9.5% during the third quarter. Garde Capital Inc. now owns 6,050 shares of the company’s stock valued at $695,000 after purchasing an additional 526 shares in the last quarter. Franklin Resources Inc. grew its stake in Snowflake by 1.4% in the third quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock worth $66,086,000 after purchasing an additional 7,373 shares during the period. Synovus Financial Corp raised its holdings in Snowflake by 28.6% in the third quarter. Synovus Financial Corp now owns 6,077 shares of the company’s stock worth $698,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Blankinship & Foster LLC purchased a new position in Snowflake during the third quarter valued at $896,000. 65.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SNOW has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of Snowflake in a research note on Tuesday, November 19th. KeyCorp lifted their target price on shares of Snowflake from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Piper Sandler reissued an “overweight” rating and issued a $185.00 price target on shares of Snowflake in a report on Tuesday. Finally, Truist Financial reaffirmed a “buy” rating and set a $210.00 price objective on shares of Snowflake in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.46.

Snowflake Company Profile

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.