Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 15,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The stock was 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 value of $517,959.00.
• On Tuesday, December 10th, Christian Kleinerman sold 558 shares of Snowflake stock. The stock was sold at an average price of $179.00, for a total value of $99,882.00.
• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00.

Snowflake Price Performance

Shares of SNOW opened at $188.59 on Thursday. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company’s fifty day moving average is $170.06 and its two-hundred day moving average is $138.51.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in Snowflake by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 33,182 shares of the company’s stock worth $4,482,000 after buying an additional 146 shares during the period. Azzad Asset Management Inc. ADV purchased a new position in Snowflake in the 3rd quarter valued at approximately $1,938,000. Diversified Trust Co purchased a new stake in Snowflake during the third quarter worth $205,000. Ignite Planners LLC grew its holdings in Snowflake by 31.0% in the third quarter. Ignite Planners LLC now owns 2,656 shares of the company’s stock valued at $305,000 after purchasing an additional 628 shares during the last quarter. Finally, CWM LLC increased its position in shares of Snowflake by 41.7% in the third quarter. CWM LLC now owns 171,882 shares of the company’s stock valued at $19,742,000 after buying an additional 50,601 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial restated a “buy” rating and issued a $210.00 target price on shares of Snowflake in a report on Thursday, November 21st. Piper Sandler raised their price objective on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Citigroup lowered their target price on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research note on Monday, November 18th. Loop Capital increased their price objective on shares of Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $180.00 price target on shares of Snowflake in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $187.06.

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.