Benoit Dageville Sells 58,647 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW – Get Rating) insider Benoit Dageville sold 58,647 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $136.28, for a total transaction of $7,992,413.16. Following the completion of the sale, the insider now owns 13,296 shares of the company’s stock, valued at $1,811,978.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Benoit Dageville also recently made the following trade(s):

• On Wednesday, March 8th, Benoit Dageville sold 57,564 shares of Snowflake stock. The shares were sold at an average price of $140.13, for a total transaction of $8,066,443.32.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $135.62 on Friday. Snowflake Inc. has a 52-week low of $110.26 and a 52-week high of $246.52. The firm has a 50 day moving average price of $149.60 and a two-hundred day moving average price of $154.88. The stock has a market cap of $43.62 billion, a P/E ratio of -54.25 and a beta of 0.75.

Snowflake (NYSE:SNOW – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.12). Snowflake had a negative net margin of 38.57% and a negative return on equity of 13.89%. The business had revenue of $589.01 million during the quarter, compared to analyst estimates of $571.57 million. Analysts predict that Snowflake Inc. will post -1.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Snowflake

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in 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 valued at $29,000 after acquiring an additional 100 shares during the period. Ronald Blue Trust Inc. bought a new stake in shares of Snowflake in the 2nd quarter valued at $32,000. Geneos Wealth Management Inc. boosted its stake in shares of Snowflake by 822.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock valued at $38,000 after purchasing an additional 148 shares during the last quarter. VitalStone Financial LLC bought a new stake in shares of Snowflake in the 4th quarter valued at $26,000. Finally, Accurate Wealth Management LLC bought a new stake in shares of Snowflake in the 4th quarter valued at $27,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SNOW shares. Cowen lowered their price target on shares of Snowflake from $235.00 to $225.00 in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Snowflake from $185.00 to $170.00 in a report on Monday, January 23rd. Robert W. Baird lowered their price target on shares of Snowflake from $185.00 to $180.00 in a report on Thursday, March 2nd. Canaccord Genuity Group lowered their price target on shares of Snowflake from $220.00 to $195.00 in a report on Thursday, December 1st. Finally, Wells Fargo & Company assumed coverage on shares of Snowflake in a report on Friday, January 6th. They issued an “overweight” rating and a $170.00 price target on the stock. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $187.75.

Snowflake Company Profile

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Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.