Frank Slootman Sells 100,483 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 100,483 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $223.55, for a total value of $22,462,974.65. Following the transaction, the director owned 165,507 shares of the company's stock, valued at $36,999,089.85. This trade represents a 37.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, July 7th, Frank Slootman sold 323,713 shares of Snowflake stock. The stock was sold at an average price of $223.19, for a total value of $72,249,504.47.
• On Wednesday, July 2nd, Frank Slootman sold 187,815 shares of Snowflake stock. The shares were sold at an average price of $216.55, for a total value of $40,671,338.25.
• On Thursday, July 3rd, Frank Slootman sold 178,949 shares of Snowflake stock. The stock was sold at an average price of $221.16, for a total value of $39,576,360.84.
• On Monday, June 30th, Frank Slootman sold 217,432 shares of Snowflake stock. The stock was sold at an average price of $223.78, for a total transaction of $48,656,932.96.
• On Tuesday, July 1st, Frank Slootman sold 294,125 shares of Snowflake stock. The stock was sold at an average price of $217.29, for a total transaction of $63,910,421.25.
• On Friday, June 27th, Frank Slootman sold 306,502 shares of Snowflake stock. The shares were sold at an average price of $222.46, for a total value of $68,184,434.92.
• On Thursday, June 26th, Frank Slootman sold 424,852 shares of Snowflake stock. The stock was sold at an average price of $219.35, for a total value of $93,191,286.20.
• On Tuesday, June 17th, Frank Slootman sold 7,294 shares of Snowflake stock. The shares were sold at an average price of $208.00, for a total value of $1,517,152.00.
• On Tuesday, June 10th, Frank Slootman sold 1,859 shares of Snowflake stock. The stock was sold at an average price of $209.96, for a total transaction of $390,315.64.

Snowflake Price Performance

SNOW stock traded down $1.89 during trading on Wednesday, hitting $221.61. 2,623,392 shares of the stock traded hands, compared to its average volume of 6,030,887. The stock has a market cap of $73.99 billion, a price-to-earnings ratio of -52.64 and a beta of 1.22. Snowflake Inc. has a one year low of $107.13 and a one year high of $226.60. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.94. The company has a 50 day simple moving average of $200.46 and a 200 day simple moving average of $176.01.

Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. Snowflake had a negative return on equity of 37.75% and a negative net margin of 36.43%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $0.14 EPS. Snowflake's revenue was up 25.8% compared to the same quarter last year. Equities analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SNOW. KeyCorp reissued an "overweight" rating on shares of Snowflake in a research note on Wednesday, June 25th. Rosenblatt Securities restated a "buy" rating and issued a $205.00 target price on shares of Snowflake in a research note on Monday, May 19th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $250.00 target price (up from $225.00) on shares of Snowflake in a research report on Friday, June 13th. Morgan Stanley started coverage on Snowflake in a report on Tuesday, June 24th. They set an "overweight" rating and a $262.00 price target for the company. Finally, Truist Financial increased their price objective on Snowflake from $210.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $225.36.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Lake Hills Wealth Management LLC bought a new stake in shares of Snowflake during the second quarter worth approximately $540,000. Sunpointe LLC bought a new stake in shares of Snowflake during the 2nd quarter valued at $235,000. Pallas Capital Advisors LLC lifted its stake in shares of Snowflake by 0.3% in the 2nd quarter. Pallas Capital Advisors LLC now owns 24,444 shares of the company's stock valued at $5,470,000 after purchasing an additional 73 shares during the period. Mirador Capital Partners LP boosted its position in shares of Snowflake by 8.1% in the 2nd quarter. Mirador Capital Partners LP now owns 28,474 shares of the company's stock worth $6,372,000 after purchasing an additional 2,126 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in shares of Snowflake by 41.2% during the second quarter. Aaron Wealth Advisors LLC now owns 2,287 shares of the company's stock worth $512,000 after purchasing an additional 667 shares during the period. Institutional investors 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.

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