Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 7,908 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 7,908 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $154.67, for a total value of $1,223,130.36. Following the completion of the transaction, the executive vice president now directly owns 600,632 shares in the company, valued at approximately $92,899,751.44. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The stock was sold at an average price of $155.69, for a total transaction of $586,172.85.
• On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The shares were sold at an average price of $147.24, for a total transaction of $100,859.40.
• On Tuesday, March 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $171.75, for a total value of $2,576,250.00.
• On Tuesday, February 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00.

Snowflake Price Performance

SNOW stock traded up $4.97 on Monday, hitting $163.36. 3,880,961 shares of the company’s stock traded hands, compared to its average volume of 6,331,002. The stock has a market cap of $53.93 billion, a price-to-earnings ratio of -48.19 and a beta of 1.07. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average of $172.74 and a 200-day moving average of $149.89.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup raised their price objective on shares of Snowflake from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Cantor Fitzgerald upped their price target on Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Rosenblatt Securities upped their target price on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Stifel Nicolaus lifted their price target on Snowflake from $187.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Mizuho increased their price objective on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average price target of $205.08.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently modified their holdings of SNOW. Groupama Asset Managment purchased a new stake in shares of Snowflake during the third quarter valued at $25,000. Stonebridge Financial Group LLC purchased a new position in Snowflake during the 4th quarter worth approximately $29,000. West Paces Advisors Inc. acquired a new stake in Snowflake during the 4th quarter valued at $31,000. Spurstone Advisory Services LLC acquired a new stake in shares of Snowflake in the fourth quarter worth $31,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Snowflake during the fourth quarter valued at $31,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

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.