Snowflake Inc. (NYSE:SNOW) SVP Sells $2,300,000.00 in Stock

Snowflake Inc. (NYSE:SNOWGet Free Report) SVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $230.00, for a total value of $2,300,000.00. Following the sale, the senior vice president now owns 726,567 shares of the company’s stock, valued at $167,110,410. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, February 5th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was 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.
  • On Tuesday, January 16th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $190.00, for a total value of $285,000.00.
  • On Thursday, December 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $198.57, for a total value of $297,855.00.
  • On Tuesday, November 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $164.75, for a total value of $247,125.00.

Snowflake Price Performance

Shares of SNOW stock opened at $232.08 on Tuesday. Snowflake Inc. has a 12 month low of $128.56 and a 12 month high of $237.72. The firm has a market capitalization of $76.42 billion, a P/E ratio of -86.60 and a beta of 0.97. The company’s fifty day moving average price is $199.24 and its two-hundred day moving average price is $172.61.

Snowflake (NYSE:SNOWGet Free Report) last issued its quarterly earnings data on Wednesday, November 29th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. Snowflake had a negative net margin of 33.35% and a negative return on equity of 14.46%. The firm had revenue of $734.20 million for the quarter, compared to analyst estimates of $713.75 million. During the same quarter in the previous year, the business posted ($0.60) EPS. The firm’s revenue was up 31.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Snowflake Inc. will post -1.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Monness Crespi & Hardt lowered Snowflake from a “neutral” rating to a “sell” rating and set a $160.00 target price on the stock. in a report on Thursday, January 4th. JPMorgan Chase & Co. increased their target price on Snowflake from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 30th. Stifel Nicolaus increased their target price on Snowflake from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 30th. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Barclays lowered Snowflake from an “overweight” rating to an “equal weight” rating and set a $198.00 price objective on the stock. in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $198.78.

Check Out Our Latest Stock Report on Snowflake

Institutional Investors Weigh In On Snowflake

A number of institutional investors have recently modified their holdings of SNOW. TD Asset Management Inc lifted its stake in shares of Snowflake by 1.2% in the 2nd quarter. TD Asset Management Inc now owns 217,773 shares of the company’s stock worth $38,324,000 after acquiring an additional 2,608 shares during the period. California State Teachers Retirement System lifted its position in shares of Snowflake by 8.2% in the 2nd quarter. California State Teachers Retirement System now owns 447,364 shares of the company’s stock valued at $78,727,000 after acquiring an additional 34,051 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Snowflake in the 3rd quarter valued at approximately $458,000. Glynn Capital Management LLC increased its stake in Snowflake by 3.1% in the 3rd quarter. Glynn Capital Management LLC now owns 188,428 shares of the company’s stock valued at $28,786,000 after buying an additional 5,629 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Snowflake by 192.7% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 5,003 shares of the company’s stock valued at $880,000 after buying an additional 3,294 shares during the period. Institutional investors own 63.74% of the company’s stock.

Snowflake Company Profile

(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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