Snowflake Inc. (NYSE:SNOW) CRO Sells $2,324,662.34 in Stock

Snowflake Inc. (NYSE:SNOW) CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.87, for a total value of $2,324,662.34. Following the completion of the sale, the executive now owns 308,164 shares in the company, valued at $56,045,786.68. The trade was a 3.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, January 2nd, Christopher William Degnan sold 12,782 shares of Snowflake stock. The stock was sold at an average price of $157.24, for a total value of $2,009,841.68.
• On Monday, December 2nd, Christopher William Degnan sold 12,782 shares of Snowflake stock. The shares were sold at an average price of $174.06, for a total transaction of $2,224,834.92.
• On Thursday, November 21st, Christopher William Degnan sold 76,692 shares of Snowflake stock. The shares were sold at an average price of $168.42, for a total transaction of $12,916,466.64.

Snowflake Stock Up 3.7 %

NYSE SNOW traded up $6.72 during trading on Tuesday, reaching $189.26. 6,893,729 shares of the company’s stock were exchanged, compared to its average volume of 5,263,046. The company’s fifty day simple moving average is $169.70 and its 200-day simple moving average is $138.09. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The firm has a market capitalization of $62.48 billion, a PE ratio of -55.83 and a beta of 1.07.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wedbush upgraded Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. KeyCorp upped their target price on Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Jefferies Financial Group upped their price objective on shares of Snowflake from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, JMP Securities reissued a “market outperform” rating and set a $190.00 target price on shares of Snowflake in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $187.06.

Institutional Trading of Snowflake

Hedge funds have recently added to or reduced their stakes in the business. Groupama Asset Managment bought a new stake in Snowflake in the 3rd quarter valued at $25,000. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake during the 4th quarter valued at $29,000. V Square Quantitative Management LLC acquired a new position in Snowflake in the third quarter valued at about $30,000. Fortitude Family Office LLC bought a new position in Snowflake during the 3rd quarter worth approximately $34,000. Finally, Perkins Coie Trust Co grew its holdings in shares of Snowflake by 136.3% in the 4th quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock valued at $37,000 after buying an additional 139 shares during the period. Institutional investors own 65.10% of the company’s stock.

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.