Christian Kleinerman Sells 2,611 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,611 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $230.48, for a total value of $601,783.28. Following the completion of the sale, the executive vice president owned 542,450 shares of the company’s stock, valued at approximately $125,023,876. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, September 16th, Christian Kleinerman sold 2,975 shares of Snowflake stock. The shares were sold at an average price of $221.24, for a total value of $658,189.00.
• On Tuesday, September 9th, Christian Kleinerman sold 548 shares of Snowflake stock. The stock was sold at an average price of $223.86, for a total value of $122,675.28.
• On Tuesday, September 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $233.50, for a total transaction of $2,335,000.00.
• On Friday, August 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $216.00, for a total value of $2,160,000.00.
• On Tuesday, July 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $218.89, for a total value of $2,188,900.00.

Snowflake Trading Down 0.4%

Shares of Snowflake stock opened at $221.74 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.96. Snowflake Inc. has a 52-week low of $108.71 and a 52-week high of $249.99. The company’s 50-day simple moving average is $214.13 and its 200-day simple moving average is $192.43. The firm has a market cap of $75.12 billion, a price-to-earnings ratio of -53.43 and a beta of 1.22.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, August 27th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $0.18 earnings per share. Snowflake’s quarterly revenue was up 31.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on SNOW shares. Jefferies Financial Group raised their price target on shares of Snowflake from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. BTIG Research raised their price objective on shares of Snowflake from $235.00 to $276.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. The Goldman Sachs Group lifted their price target on Snowflake from $230.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Needham & Company LLC raised their price target on shares of Snowflake from $230.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. increased their price objective on Snowflake from $225.00 to $255.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $255.53.

Institutional Investors Weigh In On Snowflake

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the last quarter. Vise Technologies Inc. bought a new position in Snowflake during the fourth quarter valued at approximately $213,000. Toronto Dominion Bank raised its holdings in Snowflake by 9.2% during the 4th quarter. Toronto Dominion Bank now owns 40,655 shares of the company’s stock valued at $6,278,000 after buying an additional 3,429 shares during the period. Capital A Wealth Management LLC purchased a new stake in shares of Snowflake in the fourth quarter worth approximately $31,000. Finally, Carolinas Wealth Consulting LLC bought a new position in Snowflake in the 4th quarter worth about $32,000. 65.10% of the stock is currently owned by 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.