Snowflake Inc. (NYSE:SNOW) EVP Sells $234,570.00 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $156.38, for a total value of $234,570.00. Following the sale, the executive vice president now owns 774,097 shares in the company, valued at approximately $121,053,288.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 18th, Christian Kleinerman sold 12,636 shares of Snowflake stock. The shares were sold at an average price of $157.32, for a total value of $1,987,895.52.
• On Thursday, March 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $161.94, for a total value of $242,910.00.
• On Wednesday, February 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $230.00, for a total value of $345,000.00.
• On Friday, February 9th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $230.00, for a total value of $2,300,000.00.
• On Monday, February 5th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00.
• On Wednesday, January 24th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $210.00, for a total value of $2,100,000.00.

Snowflake Price Performance

NYSE SNOW opened at $145.45 on Friday. The business’s fifty day moving average price is $177.80 and its 200-day moving average price is $179.00. Snowflake Inc. has a 1-year low of $135.26 and a 1-year high of $237.72.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.05. The firm had revenue of $774.70 million for the quarter, compared to analysts’ expectations of $759.86 million. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. Research analysts anticipate that Snowflake Inc. will post -1.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JMP Securities boosted their target price on Snowflake from $212.00 to $235.00 and gave the company a “market outperform” rating in a research note on Thursday, February 29th. Barclays lowered their target price on Snowflake from $198.00 to $188.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Macquarie upgraded Snowflake from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $182.00 to $205.00 in a report on Thursday, February 29th. Evercore ISI reduced their price target on Snowflake from $250.00 to $225.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Finally, Mizuho reiterated a “buy” rating and set a $205.00 target price (down previously from $255.00) on shares of Snowflake in a report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.00.

Hedge Funds Weigh In On Snowflake

Several hedge funds and other institutional investors have recently modified their holdings of SNOW. Accent Capital Management LLC bought a new position in shares of Snowflake during the 4th quarter valued at $25,000. Mango Five Family Inc. purchased a new stake in shares of Snowflake in the 4th quarter worth $26,000. Ulland Investment Advisors LLC increased its stake in shares of Snowflake by 270.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after purchasing an additional 135 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Snowflake by 333.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Finally, Provence Wealth Management Group purchased a new stake in shares of Snowflake in the 3rd quarter worth $30,000. 65.10% of the stock is owned by institutional investors.

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.