Snowflake Inc. (NYSE:SNOW) Director Frank Slootman Sells 7,016 Shares

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 7,016 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $155.69, for a total value of $1,092,321.04. Following the transaction, the director now directly owns 182,999 shares in the company, valued at $28,491,114.31. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Frank Slootman also recently made the following trade(s):

• On Tuesday, March 11th, Frank Slootman sold 1,783 shares of Snowflake stock. The shares were sold at an average price of $147.24, for a total value of $262,528.92.
• On Wednesday, January 22nd, Frank Slootman sold 127,247 shares of Snowflake stock. The shares were sold at an average price of $176.25, for a total value of $22,427,283.75.
• On Monday, December 30th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $155.00, for a total value of $15,500,000.00.

Snowflake Trading Up 0.5 %

Shares of SNOW stock opened at $157.94 on Friday. The stock has a market cap of $52.14 billion, a price-to-earnings ratio of -46.59 and a beta of 1.07. The stock has a 50-day moving average of $172.74 and a 200-day moving average of $149.34. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $194.40.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of research reports. Loop Capital upped their price objective on Snowflake from $205.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Canaccord Genuity Group upped their price objective on Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. BTIG Research raised Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Thursday, February 20th. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Oppenheimer upped their target price on Snowflake from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Nine 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $205.08.

Institutional Investors Weigh In On Snowflake

Several institutional investors and hedge funds have recently made changes to their positions in SNOW. Norges Bank acquired a new stake in shares of Snowflake in the fourth quarter valued at about $988,950,000. GQG Partners LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at about $750,572,000. Jennison Associates LLC increased its stake in shares of Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after buying an additional 3,662,671 shares during the period. FMR LLC increased its stake in shares of Snowflake by 84.9% in the fourth quarter. FMR LLC now owns 6,108,123 shares of the company’s stock valued at $943,155,000 after buying an additional 2,805,425 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its stake in shares of Snowflake by 19,399.2% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after buying an additional 2,559,144 shares during the period. 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.