Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 548 Shares

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 548 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $209.96, for a total value of $115,058.08. Following the transaction, the executive vice president now owns 568,617 shares of the company's stock, valued at approximately $119,386,825.32. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, June 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $205.67, for a total transaction of $2,056,700.00.
• On Thursday, May 22nd, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $200.00, for a total value of $1,000,000.00.
• On Thursday, May 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $168.00, for a total value of $1,680,000.00.
• On Friday, April 25th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The shares were sold at an average price of $160.00, for a total transaction of $1,600,000.00.
• On Friday, March 21st, Christian Kleinerman sold 7,908 shares of Snowflake stock. The stock was sold at an average price of $154.67, for a total transaction of $1,223,130.36.
• On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The shares were sold at an average price of $155.69, for a total transaction of $586,172.85.

Snowflake Stock Down 0.5%

NYSE:SNOW traded down $0.97 during midday trading on Friday, reaching $210.31. 946,122 shares of the stock traded hands, compared to its average volume of 6,258,639. The business has a 50-day moving average of $175.03 and a two-hundred day moving average of $170.52. 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 12-month low of $107.13 and a 12-month high of $214.83. The stock has a market capitalization of $70.21 billion, a PE ratio of -62.16 and a beta of 1.21.

Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Snowflake had a negative return on equity of 24.23% and a negative net margin of 33.02%. The firm's revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. On average, equities analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SNOW shares. Hsbc Global Res cut Snowflake from a "hold" rating to a "strong sell" rating in a report on Thursday, May 22nd. Citigroup restated an "outperform" rating on shares of Snowflake in a report on Thursday, May 22nd. JMP Securities reiterated a "market outperform" rating and set a $245.00 target price on shares of Snowflake in a research report on Wednesday, June 4th. Raymond James restated an "outperform" rating and issued a $212.00 price target (up previously from $196.00) on shares of Snowflake in a research report on Thursday, May 22nd. Finally, Wolfe Research upgraded shares of Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 price objective for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Snowflake presently has a consensus rating of "Moderate Buy" and a consensus target price of $223.50.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP increased its stake in shares of Snowflake by 9.8% in the fourth quarter. Quarry LP now owns 662 shares of the company's stock worth $102,000 after acquiring an additional 59 shares during the period. Ignite Planners LLC raised its stake in shares of Snowflake by 2.3% during the 1st quarter. Ignite Planners LLC now owns 2,861 shares of the company's stock valued at $418,000 after buying an additional 64 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Snowflake by 3.3% in the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock valued at $317,000 after buying an additional 65 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of Snowflake by 1.9% in the first quarter. Archford Capital Strategies LLC now owns 3,609 shares of the company's stock worth $527,000 after buying an additional 68 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Snowflake by 8.9% during the first quarter. TD Private Client Wealth LLC now owns 832 shares of the company's stock worth $122,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 65.10% of the company's stock.

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.