Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 7,908 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $154.67, for a total transaction of $1,223,130.36. Following the transaction, the executive vice president now owns 600,632 shares in the company, valued at $92,899,751.44. This represents a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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 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 stock was sold at an average price of $186.50, for a total value of $2,797,500.00.
Snowflake Stock Performance
Shares of SNOW traded down $6.38 during mid-day trading on Friday, hitting $150.60. The company's stock had a trading volume of 4,647,822 shares, compared to its average volume of 6,396,632. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The stock's 50-day moving average is $172.39 and its two-hundred day moving average is $150.74. The firm has a market capitalization of $49.71 billion, a PE ratio of -44.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.
Institutional Trading of Snowflake
A number of hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in shares of Snowflake by 1,325.2% during the fourth quarter. Wellington Management Group LLP now owns 108,527 shares of the company's stock valued at $16,758,000 after buying an additional 100,912 shares during the last quarter. 111 Capital acquired a new stake in Snowflake during the fourth quarter worth about $578,000. NorthCrest Asset Manangement LLC increased its stake in Snowflake by 12.7% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 7,785 shares of the company's stock valued at $1,202,000 after acquiring an additional 875 shares during the period. PKO Investment Management Joint Stock Co acquired a new position in Snowflake in the 4th quarter valued at approximately $2,007,000. Finally, Centaurus Financial Inc. lifted its position in shares of Snowflake by 15.8% in the 4th quarter. Centaurus Financial Inc. now owns 8,291 shares of the company's stock worth $1,280,000 after acquiring an additional 1,132 shares during the period. 65.10% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on SNOW shares. UBS Group lifted their price target on Snowflake from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. StockNews.com upgraded shares of Snowflake from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Piper Sandler boosted their price target on shares of Snowflake from $208.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Canaccord Genuity Group raised their price objective on shares of Snowflake from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, JMP Securities reiterated a "market outperform" rating and set a $190.00 price objective on shares of Snowflake in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $205.08.
View Our Latest Stock Analysis on SNOW
About Snowflake
(
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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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