Snowflake Inc. (NYSE:SNOW) Director Sells $3,595,283.64 in Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 20,514 shares of Snowflake stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $175.26, for a total transaction of $3,595,283.64. Following the completion of the transaction, the director now owns 208,735 shares in the company, valued at approximately $36,582,896.10. This trade represents a 8.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Frank Slootman also recently made the following trade(s):

• On Friday, November 22nd, Frank Slootman sold 45,896 shares of Snowflake stock. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76.
• On Tuesday, September 17th, Frank Slootman sold 6,251 shares of Snowflake stock. The shares were sold at an average price of $114.39, for a total value of $715,051.89.
• On Tuesday, September 10th, Frank Slootman sold 1,606 shares of Snowflake stock. The stock was sold at an average price of $109.96, for a total value of $176,595.76.

Snowflake Stock Performance

NYSE SNOW opened at $174.83 on Friday. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The company has a 50-day simple moving average of $126.17 and a 200-day simple moving average of $128.74. The firm has a market capitalization of $58.60 billion, a PE ratio of -51.57 and a beta of 0.83.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 target price on shares of Snowflake in a report on Tuesday, November 19th. Needham & Company LLC lifted their price target on shares of Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company increased their price objective on shares of Snowflake from $125.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Wedbush raised shares of Snowflake from a “neutral” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Monday, November 25th. Finally, Stifel Nicolaus decreased their price target on shares of Snowflake from $200.00 to $168.00 and set a “buy” rating for the company in a research report on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.09.

Hedge Funds Weigh In On Snowflake

Large investors have recently bought and sold shares of the business. Modus Advisors LLC raised its position in shares of Snowflake by 3.9% during the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after purchasing an additional 94 shares during the period. Catalyst Private Wealth LLC grew its stake in Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock worth $382,000 after buying an additional 104 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Snowflake by 30.3% in the first quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company’s stock worth $72,000 after buying an additional 108 shares during the period. LRI Investments LLC lifted its stake in Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after buying an additional 112 shares during the last quarter. Finally, Hoylecohen LLC boosted its holdings in shares of Snowflake by 2.7% during the second quarter. Hoylecohen LLC now owns 4,357 shares of the company’s stock valued at $589,000 after acquiring an additional 115 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.