Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 3,765 Shares

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 3,765 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $155.69, for a total transaction of $586,172.85. Following the completion of the transaction, the executive vice president now owns 616,602 shares in the company, valued at approximately $95,998,765.38. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The shares were sold at an average price of $147.24, for a total transaction 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 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 stock was sold at an average price of $165.31, for a total value of $142,331.91.

Snowflake Stock Performance

Snowflake stock traded up $0.75 during mid-day trading on Friday, hitting $157.94. The company had a trading volume of 3,604,059 shares, compared to its average volume of 6,340,684. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $52.14 billion, a price-to-earnings ratio of -46.59 and a beta of 1.07. The company's fifty day moving average is $172.74 and its 200-day moving average is $149.61. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40.

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Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research reports. Oppenheimer upped their price objective on shares of Snowflake from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Barclays upped their price target on shares of Snowflake from $190.00 to $203.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. BTIG Research upgraded shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price objective on the stock in a research note on Thursday, February 20th. Needham & Company LLC boosted their price objective on shares of Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com raised Snowflake from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Snowflake has a consensus rating of "Moderate Buy" and an average target price of $205.08.

Institutional Trading of Snowflake

A number of hedge funds have recently added to or reduced their stakes in SNOW. Toronto Dominion Bank raised its position in shares of Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company's stock worth $4,276,000 after acquiring an additional 7,239 shares during the period. Prospect Financial Services LLC acquired a new position in Snowflake in the 4th quarter worth about $288,000. Independent Advisor Alliance boosted its position in Snowflake by 15.5% during the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company's stock worth $468,000 after purchasing an additional 548 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Snowflake by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company's stock valued at $104,028,000 after purchasing an additional 8,857 shares during the period. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of Snowflake in the fourth quarter valued at approximately $5,851,000. 65.10% of the stock is 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.