Insider Selling: Snowflake Inc. (NYSE:SNOW) EVP Sells 3,765 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 3,765 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $586,172.85. Following the transaction, the executive vice president now directly owns 616,602 shares in the company, valued at approximately $95,998,765.38. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The shares were 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 shares were sold at an average price of $171.75, for a total transaction of $2,576,250.00.
• On Tuesday, February 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00.
• On Monday, December 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The shares were sold at an average price of $165.31, for a total transaction of $142,331.91.

Snowflake Trading Up 0.5 %

Shares of Snowflake stock opened at $157.94 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $194.40. The stock has a 50 day moving average price of $172.74 and a two-hundred day moving average price of $149.34. The stock has a market capitalization of $52.14 billion, a PE ratio of -46.59 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SNOW. Asset Dedication LLC boosted its position in Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after purchasing an additional 59 shares during the last quarter. Quarry LP boosted its position in Snowflake by 9.8% in the fourth quarter. Quarry LP now owns 662 shares of the company’s stock worth $102,000 after purchasing an additional 59 shares during the last quarter. Breakwater Capital Group boosted its position in Snowflake by 2.2% in the fourth 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 last quarter. Gabelli Funds LLC boosted its position in Snowflake by 3.3% in the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company’s stock worth $317,000 after purchasing an additional 65 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Snowflake by 0.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock worth $2,077,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SNOW shares. BTIG Research upgraded shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Thursday, February 20th. Scotiabank raised their price objective on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Loop Capital raised their price objective on shares of Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Cantor Fitzgerald raised their price objective on shares of Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Wedbush set a $210.00 price objective on shares of Snowflake in a research report on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $205.08.

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.