Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 1,500 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $156.38, for a total transaction of $234,570.00. Following the transaction, the executive vice president now directly owns 774,097 shares in the company, valued at $121,053,288.86. The sale 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 Monday, March 18th, Christian Kleinerman sold 12,636 shares of Snowflake stock. The shares were sold at an average price of $157.32, for a total transaction of $1,987,895.52.
• On Thursday, March 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $161.94, for a total transaction of $242,910.00.
• On Wednesday, February 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $230.00, for a total transaction of $345,000.00.
• On Friday, February 9th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $230.00, for a total transaction of $2,300,000.00.
• On Monday, February 5th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00.
• On Wednesday, January 24th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $210.00, for a total transaction of $2,100,000.00.

Snowflake Trading Down 2.0 %

Shares of Snowflake stock opened at $145.45 on Friday. The firm has a 50-day simple moving average of $177.80 and a two-hundred day simple moving average of $179.00. Snowflake Inc. has a fifty-two week low of $135.26 and a fifty-two week high of $237.72.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. The business had revenue of $774.70 million during the quarter, compared to the consensus estimate of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. On average, equities research analysts forecast that Snowflake Inc. will post -1.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SNOW. Truist Financial cut their price target on shares of Snowflake from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $230.00 price target on shares of Snowflake in a report on Thursday, February 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $250.00 price target on shares of Snowflake in a report on Tuesday, February 27th. Redburn Atlantic reaffirmed a “sell” rating and issued a $125.00 price target (down from $180.00) on shares of Snowflake in a report on Tuesday, March 19th. Finally, KeyCorp began coverage on shares of Snowflake in a report on Thursday, April 11th. They issued an “overweight” rating and a $185.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $202.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Teamwork Financial Advisors LLC increased its stake in shares of Snowflake by 41.4% during the first quarter. Teamwork Financial Advisors LLC now owns 4,914 shares of the company’s stock worth $794,000 after purchasing an additional 1,438 shares in the last quarter. Oak Harvest Investment Services increased its stake in shares of Snowflake by 4.4% during the first quarter. Oak Harvest Investment Services now owns 7,081 shares of the company’s stock worth $1,144,000 after purchasing an additional 300 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Snowflake by 16.2% during the first quarter. First Trust Direct Indexing L.P. now owns 3,591 shares of the company’s stock worth $580,000 after purchasing an additional 501 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Snowflake during the first quarter worth about $336,000. Finally, Lake Street Private Wealth LLC increased its stake in shares of Snowflake by 19.8% during the first quarter. Lake Street Private Wealth LLC now owns 2,661 shares of the company’s stock worth $430,000 after purchasing an additional 440 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

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.