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

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 7,908 shares of the stock in a transaction 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. This represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The shares were sold at an average price of $155.69, for a total value of $586,172.85.
• On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The stock was sold at an average price of $147.24, for a total value 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 transaction 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 transaction of $2,797,500.00.

Snowflake Stock Down 0.2 %

NYSE:SNOW opened at $162.86 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $53.76 billion, a P/E ratio of -48.04 and a beta of 1.07. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The firm has a 50-day simple moving average of $172.75 and a two-hundred day simple moving average of $150.63.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays raised their price objective on Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Rosenblatt Securities lifted their price target on Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective for the company in a research note on Tuesday, February 18th. Royal Bank of Canada lifted their target price on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Bank of America increased their price target on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.08.

Institutional Investors Weigh In On Snowflake

Institutional investors have recently made changes to their positions in the company. Groupama Asset Managment purchased a new stake in Snowflake during the 3rd quarter valued at $25,000. Stonebridge Financial Group LLC bought a new position in shares of Snowflake during the fourth quarter valued at $29,000. West Paces Advisors Inc. purchased a new stake in shares of Snowflake during the fourth quarter valued at $31,000. Spurstone Advisory Services LLC bought a new stake in Snowflake in the 4th quarter worth about $31,000. Finally, Capital A Wealth Management LLC purchased a new position in Snowflake in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

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.