Christian Kleinerman Sells 15,000 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares of the company’s stock, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $142,331.91.
• On Tuesday, December 17th, Christian Kleinerman sold 3,029 shares of Snowflake stock. The stock was sold at an average price of $171.00, for a total transaction of $517,959.00.
• On Tuesday, December 10th, Christian Kleinerman sold 558 shares of Snowflake stock. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00.
• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $180.00, for a total value of $2,700,000.00.

Snowflake Stock Performance

Shares of NYSE SNOW traded down $0.52 during midday trading on Wednesday, reaching $188.59. The company had a trading volume of 4,959,004 shares, compared to its average volume of 5,250,317. The stock has a market cap of $62.25 billion, a P/E ratio of -55.63 and a beta of 1.07. 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 business’s 50-day simple moving average is $170.06 and its 200 day simple moving average is $138.51. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Asset Dedication LLC grew its position in Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock valued at $142,000 after buying an additional 59 shares during the period. Breakwater Capital Group raised its holdings in Snowflake by 2.2% in the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after purchasing an additional 62 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Snowflake by 31.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after purchasing an additional 90 shares in the last quarter. Modus Advisors LLC grew its holdings in Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock valued at $286,000 after purchasing an additional 94 shares during the period. Finally, Catalyst Private Wealth LLC increased its position in shares of Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after buying an additional 104 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on SNOW. Wedbush raised Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC raised their target price on shares of Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Loop Capital upped their price target on shares of Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a report on Monday, December 23rd. KeyCorp raised their price objective on shares of Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company upgraded Snowflake from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $150.00 to $200.00 in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.06.

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.