Christopher William Degnan Sells 12,533 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOWGet Free Report) CRO Christopher William Degnan sold 12,533 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $200.04, for a total transaction of $2,507,101.32. Following the completion of the sale, the executive now owns 98,172 shares in the company, valued at $19,638,326.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Christopher William Degnan also recently made the following trade(s):

  • On Tuesday, January 23rd, Christopher William Degnan sold 2,346 shares of Snowflake stock. The shares were sold at an average price of $203.28, for a total transaction of $476,894.88.
  • On Wednesday, January 10th, Christopher William Degnan sold 3,800 shares of Snowflake stock. The shares were sold at an average price of $200.13, for a total transaction of $760,494.00.
  • On Thursday, December 14th, Christopher William Degnan sold 115,038 shares of Snowflake stock. The shares were sold at an average price of $200.53, for a total transaction of $23,068,570.14.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $213.68 on Wednesday. The stock has a market cap of $70.36 billion, a P/E ratio of -79.73 and a beta of 0.97. Snowflake Inc. has a 52-week low of $128.56 and a 52-week high of $220.67. The firm has a 50 day moving average price of $195.86 and a 200 day moving average price of $171.10.

Snowflake (NYSE:SNOWGet Free Report) last released its quarterly earnings results on Wednesday, November 29th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. The company had revenue of $734.20 million during the quarter, compared to analysts’ expectations of $713.75 million. Snowflake had a negative net margin of 33.35% and a negative return on equity of 14.46%. The business’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.60) earnings per share. Analysts predict that Snowflake Inc. will post -1.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNOW has been the topic of several recent research reports. StockNews.com lowered shares of Snowflake from a “hold” rating to a “sell” rating in a research report on Monday. TD Cowen boosted their price target on shares of Snowflake from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, December 11th. Oppenheimer boosted their price target on shares of Snowflake from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th. Barclays lowered shares of Snowflake from an “overweight” rating to an “equal weight” rating and set a $198.00 price target on the stock. in a research report on Friday, January 12th. Finally, Royal Bank of Canada began coverage on shares of Snowflake in a research report on Friday, January 5th. They issued an “outperform” rating and a $230.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $198.78.

Get Our Latest Stock Report on Snowflake

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cigna Investments Inc. New increased its stake in shares of Snowflake by 1.6% in the 4th quarter. Cigna Investments Inc. New now owns 3,295 shares of the company’s stock valued at $656,000 after acquiring an additional 51 shares in the last quarter. E&G Advisors LP increased its stake in shares of Snowflake by 3.0% in the 4th quarter. E&G Advisors LP now owns 1,768 shares of the company’s stock valued at $352,000 after acquiring an additional 51 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Snowflake by 34.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock valued at $40,000 after acquiring an additional 52 shares in the last quarter. Valley National Advisers Inc. increased its stake in shares of Snowflake by 18.1% in the 4th quarter. Valley National Advisers Inc. now owns 346 shares of the company’s stock valued at $68,000 after acquiring an additional 53 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in shares of Snowflake by 5.8% in the 4th quarter. AdvisorNet Financial Inc now owns 1,106 shares of the company’s stock valued at $220,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 63.74% 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.

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