Insider Selling: Snowflake Inc. (NYSE:SNOW) EVP Sells 15,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the transaction, the executive vice president now owns 552,930 shares of the company’s stock, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, December 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The stock was sold at an average price of $165.31, for a total transaction of $142,331.91.
• On Tuesday, December 17th, Christian Kleinerman sold 3,029 shares of Snowflake stock. The stock was sold at an average price of $171.00, for a total transaction of $517,959.00.
• On Tuesday, December 10th, Christian Kleinerman sold 558 shares of Snowflake stock. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00.
• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $180.00, for a total value of $2,700,000.00.

Snowflake Trading Down 1.3 %

SNOW stock opened at $183.87 on Friday. The company has a market capitalization of $60.70 billion, a price-to-earnings ratio of -54.24 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The business has a 50 day simple moving average of $170.61 and a two-hundred day simple moving average of $139.19.

Hedge Funds Weigh In On Snowflake

Institutional investors have recently bought and sold shares of the stock. PFG Advisors bought a new position in Snowflake during the fourth quarter valued at approximately $267,000. Moors & Cabot Inc. bought a new position in shares of Snowflake during the 4th quarter valued at approximately $285,000. O Dell Group LLC purchased a new position in shares of Snowflake in the 4th quarter worth $203,000. SPX Gestao de Recursos Ltda bought a new stake in Snowflake during the fourth quarter worth approximately $3,088,000. Finally, Clare Market Investments LLC purchased a new position in shares of Snowflake in the 4th quarter worth approximately $497,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SNOW has been the topic of a number of analyst reports. Cantor Fitzgerald started coverage on shares of Snowflake in a research note on Friday, January 17th. They issued an “overweight” rating and a $201.00 price target on the stock. Monness Crespi & Hardt lifted their target price on Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com cut shares of Snowflake from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of Snowflake in a research report on Tuesday, November 19th. Finally, TD Cowen boosted their target price on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and an average target price of $187.06.

About Snowflake

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.