Snowflake Inc. (NYSE:SNOW) EVP Sells $346,487.31 in Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 3,029 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $114.39, for a total transaction of $346,487.31. Following the completion of the transaction, the executive vice president now directly owns 753,464 shares in the company, valued at approximately $86,188,746.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 10th, Christian Kleinerman sold 558 shares of Snowflake stock. The stock was sold at an average price of $109.96, for a total value of $61,357.68.
• On Wednesday, August 7th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $120.00, for a total value of $1,800,000.00.
• On Friday, July 5th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $142.98, for a total value of $2,144,700.00.
• On Thursday, June 20th, Christian Kleinerman sold 1,535 shares of Snowflake stock. The shares were sold at an average price of $125.93, for a total transaction of $193,302.55.

Snowflake Trading Down 0.8 %

Snowflake stock traded down $0.85 on Wednesday, hitting $110.78. 6,474,586 shares of the stock traded hands, compared to its average volume of 6,563,695. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The firm has a market cap of $37.09 billion, a P/E ratio of -39.56 and a beta of 0.83. The business’s fifty day simple moving average is $121.87 and its 200 day simple moving average is $140.21.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The company had revenue of $868.80 million during the quarter, compared to analysts’ expectations of $851.72 million. During the same period last year, the company posted ($0.52) EPS. Snowflake’s revenue was up 28.9% on a year-over-year basis. As a group, analysts predict that Snowflake Inc. will post -2.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SNOW. Wells Fargo & Company decreased their price target on shares of Snowflake from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. DA Davidson reduced their target price on Snowflake from $230.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Jefferies Financial Group dropped their price target on Snowflake from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Wedbush reduced their price objective on Snowflake from $210.00 to $140.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Finally, Robert W. Baird dropped their target price on Snowflake from $200.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.03.

Hedge Funds Weigh In On Snowflake

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in Snowflake by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 199,474 shares of the company’s stock valued at $39,697,000 after buying an additional 10,575 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Snowflake by 17.5% in the 4th quarter. Principal Financial Group Inc. now owns 97,788 shares of the company’s stock worth $19,460,000 after purchasing an additional 14,542 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Snowflake by 26.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 33,529 shares of the company’s stock worth $6,672,000 after purchasing an additional 7,033 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Snowflake by 67.5% in the 4th quarter. Quadrant Capital Group LLC now owns 355 shares of the company’s stock worth $71,000 after purchasing an additional 143 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in Snowflake during the 4th quarter valued at about $269,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

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.