Snowflake Inc. (NYSE:SNOW) SVP Christian Kleinerman Sells 10,000 Shares

Snowflake Inc. (NYSE:SNOWGet Free Report) SVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the senior vice president now owns 736,567 shares of the company’s stock, valued at approximately $162,044,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, January 24th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $210.00, for a total transaction of $2,100,000.00.
  • On Tuesday, January 16th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $190.00, for a total transaction of $285,000.00.
  • On Thursday, December 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $198.57, for a total transaction of $297,855.00.
  • On Tuesday, November 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $164.75, for a total transaction of $247,125.00.

Snowflake Stock Performance

Shares of SNOW stock opened at $213.68 on Wednesday. The company’s fifty day moving average price is $195.86 and its 200-day moving average price is $171.10. Snowflake Inc. has a 12 month low of $128.56 and a 12 month high of $220.67.

Snowflake (NYSE:SNOWGet Free Report) last announced its quarterly earnings results on Wednesday, November 29th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The company had revenue of $734.20 million for 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%. Snowflake’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.60) EPS. As a group, research analysts expect that Snowflake Inc. will post -1.72 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently bought and sold shares of the company. Ulland Investment Advisors LLC lifted its stake in Snowflake by 270.0% during the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock valued at $28,000 after acquiring an additional 135 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Snowflake by 333.3% during 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. Provence Wealth Management Group purchased a new stake in shares of Snowflake during the 3rd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Snowflake by 54.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 72 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its position in shares of Snowflake by 89.0% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock valued at $31,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 63.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on SNOW. Rosenblatt Securities lifted their price target on shares of Snowflake from $170.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, December 1st. Royal Bank of Canada started coverage on shares of Snowflake in a research note on Friday, January 5th. They issued an “outperform” rating and a $230.00 target price on the stock. Morgan Stanley lifted their target price on shares of Snowflake from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, November 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $212.00 target price on shares of Snowflake in a research note on Monday, January 22nd. Finally, Scotiabank lifted their target price on shares of Snowflake from $194.00 to $226.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 30th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $198.78.

Read Our Latest Stock Analysis on SNOW

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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Insider Buying and Selling by Quarter for Snowflake (NYSE:SNOW)

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