Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 1,783 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $262,528.92. Following the completion of the sale, the director now owns 192,511 shares of the company's stock, valued at $28,345,319.64. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Frank Slootman also recently made the following trade(s):
- 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 transaction 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 transaction of $15,500,000.00.
- On Tuesday, December 17th, Frank Slootman sold 6,714 shares of Snowflake stock. The stock was sold at an average price of $171.00, for a total value of $1,148,094.00.
Snowflake Price Performance
Snowflake stock traded up $6.58 during midday trading on Friday, reaching $156.41. The company's stock had a trading volume of 4,147,947 shares, compared to its average volume of 6,273,327. The firm has a market capitalization of $51.63 billion, a PE ratio of -46.14 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 stock's 50 day simple moving average is $173.36 and its 200 day simple moving average is $147.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.
Wall Street Analyst Weigh In
SNOW has been the subject of a number of research analyst reports. Bank of America increased their price objective on shares of Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised their price target on Snowflake from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Monness Crespi & Hardt boosted their price objective on Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus raised their price objective on shares of Snowflake from $187.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Mizuho lifted their target price on Snowflake from $195.00 to $205.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $202.92.
View Our Latest Research Report on Snowflake
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Snowflake in the 4th quarter worth approximately $988,950,000. GQG Partners LLC purchased a new stake in Snowflake during the fourth quarter worth $750,572,000. Jennison Associates LLC grew its holdings in Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock valued at $1,179,230,000 after purchasing an additional 3,662,671 shares during the last quarter. FMR LLC increased its position in shares of Snowflake by 84.9% in the fourth quarter. FMR LLC now owns 6,108,123 shares of the company's stock valued at $943,155,000 after buying an additional 2,805,425 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company's stock worth $295,459,000 after buying an additional 2,559,144 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.
Snowflake Company Profile
(
Get Free Report)
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.
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