Christian Kleinerman Sells 685 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 685 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $100,859.40. Following the sale, the executive vice president now directly owns 622,611 shares in the company, valued at $91,673,243.64. This trade represents a 0.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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.
• On Monday, December 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The shares were 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.

Snowflake Price Performance

NYSE:SNOW traded up $2.69 during trading hours on Wednesday, hitting $152.59. 6,255,200 shares of the stock were exchanged, compared to its average volume of 6,430,209. The firm’s fifty day moving average price is $173.51 and its 200 day moving average price is $147.59. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40. The company has a market cap of $50.37 billion, a P/E ratio of -45.01 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America upped their price target on Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Canaccord Genuity Group upped their price objective on shares of Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Barclays raised their price target on shares of Snowflake from $190.00 to $203.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Scotiabank boosted their price objective on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a report on Monday, December 9th. Finally, Oppenheimer raised their target price on Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $202.92.

Institutional Trading of Snowflake

Large investors have recently made changes to their positions in the company. Centaurus Financial Inc. boosted its stake in Snowflake by 15.8% during the 4th quarter. Centaurus Financial Inc. now owns 8,291 shares of the company’s stock worth $1,280,000 after purchasing an additional 1,132 shares during the last quarter. IronOak Wealth LLC. purchased a new position in shares of Snowflake in the fourth quarter worth about $633,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Snowflake during the fourth quarter worth about $24,081,000. Employees Retirement System of Texas boosted its position in Snowflake by 300.3% during the fourth quarter. Employees Retirement System of Texas now owns 43,235 shares of the company’s stock worth $6,676,000 after acquiring an additional 32,435 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its stake in Snowflake by 139.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 6,135 shares of the company’s stock valued at $947,000 after acquiring an additional 3,577 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

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.