Christian Kleinerman Sells 2,975 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 2,975 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $212.45, for a total transaction of $632,038.75. Following the completion of the transaction, the executive vice president owned 504,427 shares in the company, valued at $107,165,516.15. This represents a 0.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, December 9th, Christian Kleinerman sold 548 shares of Snowflake stock. The stock was sold at an average price of $223.31, for a total value of $122,373.88.
• On Monday, December 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $249.53, for a total value of $2,495,300.00.
• On Monday, November 3rd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $277.73, for a total value of $2,777,300.00.
• On Friday, October 31st, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00.
• On Wednesday, October 8th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $250.00, for a total value of $1,250,000.00.
• On Wednesday, October 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $223.88, for a total transaction of $2,238,800.00.
• On Tuesday, September 23rd, Christian Kleinerman sold 2,611 shares of Snowflake stock. The shares were sold at an average price of $230.48, for a total transaction of $601,783.28.

Snowflake Stock Up 2.4%

Shares of Snowflake stock traded up $5.17 during trading on Tuesday, reaching $220.45. The company had a trading volume of 4,751,934 shares, compared to its average volume of 5,258,197. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The firm’s fifty day moving average is $249.69 and its 200-day moving average is $227.60. The company has a market cap of $74.69 billion, a price-to-earnings ratio of -54.57 and a beta of 1.09.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company earned $0.20 earnings per share. Snowflake’s quarterly revenue was up 28.7% on a year-over-year basis. On average, analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Institutional Investors Weigh In On Snowflake

Large investors have recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in shares of Snowflake during the second quarter worth approximately $25,000. Avion Wealth raised its stake in Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after acquiring an additional 49 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Snowflake during the 3rd quarter worth $25,000. Tripletail Wealth Management LLC bought a new position in shares of Snowflake in the third quarter worth $28,000. Finally, Rossby Financial LCC increased its holdings in shares of Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SNOW shares. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a report on Wednesday, November 26th. Stifel Nicolaus lifted their price target on shares of Snowflake from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, December 4th. DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Snowflake in a research note on Monday, December 1st. Jefferies Financial Group set a $300.00 target price on Snowflake in a research note on Monday, November 24th. Finally, UBS Group reiterated a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $275.32.

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.