Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 1,500 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 1,500 shares of Snowflake stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $156.38, for a total transaction of $234,570.00. Following the sale, the executive vice president now owns 774,097 shares of the company’s stock, valued at $121,053,288.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 18th, Christian Kleinerman sold 12,636 shares of Snowflake stock. The stock was sold at an average price of $157.32, for a total transaction of $1,987,895.52.
• On Thursday, March 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $161.94, for a total transaction of $242,910.00.
• On Wednesday, February 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $230.00, for a total transaction 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 transaction 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 transaction 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 transaction of $2,100,000.00.

Snowflake Stock Performance

SNOW opened at $148.80 on Thursday. The company’s 50-day simple moving average is $181.05 and its two-hundred day simple moving average is $179.26. Snowflake Inc. has a 52-week low of $135.26 and a 52-week high of $237.72.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, topping 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 net margin of 29.79% and a negative return on equity of 13.79%. On average, sell-side analysts predict that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snowflake

Institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. purchased a new stake in Snowflake during the 4th quarter valued at approximately $790,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Snowflake during the 3rd quarter valued at approximately $458,000. Sequoia Financial Advisors LLC grew its holdings in Snowflake by 209.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,658 shares of the company’s stock valued at $927,000 after buying an additional 3,152 shares in the last quarter. Glynn Capital Management LLC grew its holdings in shares of Snowflake by 3.1% in the third quarter. Glynn Capital Management LLC now owns 188,428 shares of the company’s stock valued at $28,786,000 after purchasing an additional 5,629 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Snowflake by 55.9% in the fourth quarter. Raymond James & Associates now owns 295,486 shares of the company’s stock valued at $58,802,000 after purchasing an additional 105,937 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNOW has been the subject of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $230.00 price target on shares of Snowflake in a report on Thursday, February 29th. Mizuho reiterated a “buy” rating and set a $205.00 price target (down from $255.00) on shares of Snowflake in a report on Thursday, February 29th. Raymond James upped their price target on shares of Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Snowflake from $200.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Finally, Needham & Company LLC reduced their price objective on shares of Snowflake from $265.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $202.00.

Snowflake Company Profile

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.