Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 558 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 558 shares of Snowflake stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $179.00, for a total transaction of $99,882.00. Following the sale, the executive vice president now owns 690,647 shares of the company’s stock, valued at approximately $123,625,813. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $180.00, for a total transaction of $2,700,000.00.
• On Wednesday, November 6th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00.
• On Thursday, October 10th, Christian Kleinerman sold 30,000 shares of Snowflake stock. The stock was sold at an average price of $120.00, for a total transaction of $3,600,000.00.
• On Monday, September 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The shares were sold at an average price of $111.41, for a total transaction of $95,924.01.
• On Tuesday, September 17th, Christian Kleinerman sold 3,029 shares of Snowflake stock. The shares were sold at an average price of $114.39, for a total transaction of $346,487.31.

Snowflake Stock Up 0.3 %

SNOW traded up $0.48 during midday trading on Wednesday, reaching $172.03. The company’s stock had a trading volume of 5,469,799 shares, compared to its average volume of 6,817,050. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The firm has a market capitalization of $56.79 billion, a price-to-earnings ratio of -51.04 and a beta of 1.03. The stock’s 50-day moving average is $135.44 and its 200-day moving average is $129.15. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Institutional Trading of Snowflake

Several hedge funds have recently bought and sold shares of SNOW. Modus Advisors LLC raised its holdings in shares of Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after buying an additional 94 shares during the period. Catalyst Private Wealth LLC raised its holdings 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 worth $382,000 after buying an additional 104 shares during the period. LRI Investments LLC raised its holdings in shares of Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after buying an additional 112 shares during the period. Hoylecohen LLC raised its holdings in shares of Snowflake by 2.7% in the second quarter. Hoylecohen LLC now owns 4,357 shares of the company’s stock worth $589,000 after buying an additional 115 shares during the period. Finally, Clear Creek Financial Management LLC raised its holdings in shares of Snowflake by 6.7% in the third quarter. Clear Creek Financial Management LLC now owns 1,829 shares of the company’s stock worth $210,000 after buying an additional 115 shares during the period. Institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SNOW. Monness Crespi & Hardt boosted their price target on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada increased their price objective on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company increased their price objective on Snowflake from $125.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. HSBC raised Snowflake from a “reduce” rating to a “hold” rating and increased their price target for the stock from $119.00 to $121.00 in a report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $183.89.

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.