Snowflake Inc. (NYSE:SNOW) Insider Benoit Dageville Sells 98,182 Shares

Snowflake Inc. (NYSE:SNOW) insider Benoit Dageville sold 98,182 shares of Snowflake stock in a transaction on Wednesday, September 15th. The shares were sold at an average price of $320.81, for a total transaction of $31,497,767.42. The sale was disclosed in a document filed with the SEC, which is available through this link.

Benoit Dageville also recently made the following trade(s):

  • On Thursday, August 26th, Benoit Dageville sold 49,092 shares of Snowflake stock. The shares were sold at an average price of $302.99, for a total transaction of $14,874,385.08.
  • On Friday, August 13th, Benoit Dageville sold 85,909 shares of Snowflake stock. The shares were sold at an average price of $288.08, for a total transaction of $24,748,664.72.
  • On Tuesday, August 3rd, Benoit Dageville sold 36,619 shares of Snowflake stock. The shares were sold at an average price of $275.00, for a total transaction of $10,070,225.00.
  • On Thursday, July 15th, Benoit Dageville sold 73,636 shares of Snowflake stock. The shares were sold at an average price of $251.69, for a total transaction of $18,533,444.84.
  • On Tuesday, July 13th, Benoit Dageville sold 100 shares of Snowflake stock. The shares were sold at an average price of $275.00, for a total transaction of $27,500.00.
  • On Tuesday, June 22nd, Benoit Dageville sold 12,272 shares of Snowflake stock. The shares were sold at an average price of $250.00, for a total transaction of $3,068,000.00.

NYSE SNOW traded down $0.72 on Friday, reaching $322.80. The company’s stock had a trading volume of 21,103,089 shares, compared to its average volume of 4,385,763. The firm has a market cap of $97.13 billion and a PE ratio of -105.84. The business has a 50-day moving average price of $283.89 and a 200 day moving average price of $250.74. Snowflake Inc. has a 52 week low of $184.71 and a 52 week high of $429.00.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Tuesday, August 24th. The company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.11. Snowflake had a negative net margin of 89.38% and a negative return on equity of 15.26%. The firm had revenue of $272.20 million for the quarter, compared to analysts’ expectations of $256.74 million. The firm’s quarterly revenue was up 104.5% compared to the same quarter last year. As a group, equities analysts forecast that Snowflake Inc. will post -2.11 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC lifted its position in shares of Snowflake by 209.7% during the second quarter. Virtu Financial LLC now owns 6,956 shares of the company’s stock worth $1,682,000 after purchasing an additional 4,710 shares in the last quarter. Bank of America Corp DE lifted its holdings in Snowflake by 72.2% in the second quarter. Bank of America Corp DE now owns 649,884 shares of the company’s stock valued at $157,143,000 after buying an additional 272,536 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Snowflake in the second quarter valued at approximately $218,000. Comerica Bank acquired a new position in Snowflake in the second quarter valued at approximately $990,000. Finally, Marshall Wace LLP acquired a new position in Snowflake in the second quarter valued at approximately $2,387,000. Institutional investors own 62.41% of the company’s stock.

A number of research firms have weighed in on SNOW. BTIG Research set a $264.62 target price on shares of Snowflake and gave the stock a “hold” rating in a research report on Wednesday, July 14th. Mizuho boosted their target price on shares of Snowflake from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, August 26th. Canaccord Genuity boosted their target price on shares of Snowflake from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, August 26th. The Goldman Sachs Group boosted their target price on shares of Snowflake from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, August 26th. Finally, Morgan Stanley boosted their target price on shares of Snowflake from $270.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $296.36.

About Snowflake

Snowflake Inc provides cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data.

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Insider Buying and Selling by Quarter for Snowflake (NYSE:SNOW)

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