Snowflake Inc. (NYSE:SNOW) Director Frank Slootman Sells 7,016 Shares

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 7,016 shares of Snowflake stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $1,092,321.04. Following the transaction, the director now owns 182,999 shares in the company, valued at $28,491,114.31. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Frank Slootman also recently made the following trade(s):

• On Tuesday, March 11th, Frank Slootman sold 1,783 shares of Snowflake stock. The shares were sold at an average price of $147.24, for a total value of $262,528.92.
• On Wednesday, January 22nd, Frank Slootman sold 127,247 shares of Snowflake stock. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75.
• On Monday, December 30th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00.

Snowflake Stock Performance

Shares of SNOW traded up $0.75 during midday trading on Friday, hitting $157.94. 3,604,059 shares of the stock traded hands, compared to its average volume of 6,340,684. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40. The business's 50 day moving average price is $172.74 and its two-hundred day moving average price is $149.61. The firm has a market capitalization of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07.

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Analysts Set New Price Targets

Several analysts have issued reports on the stock. BTIG Research raised shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a research report on Thursday, February 20th. Monness Crespi & Hardt upped their target price on shares of Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Wolfe Research raised shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price target on the stock in a research note on Tuesday, February 18th. UBS Group boosted their price objective on shares of Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 27th. Finally, Bank of America raised their target price on Snowflake from $185.00 to $205.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and an average price target of $205.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SNOW. Groupama Asset Managment bought a new stake in shares of Snowflake during the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in Snowflake in the 4th quarter valued at approximately $29,000. West Paces Advisors Inc. bought a new stake in Snowflake during the 4th quarter valued at $31,000. Spurstone Advisory Services LLC acquired a new position in Snowflake during the 4th quarter worth $31,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Snowflake in the fourth quarter worth $31,000. 65.10% of the stock is owned by institutional investors and hedge funds.

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.