Snowflake Inc. (NYSE:SNOW) Director Frank Slootman Sells 100,000 Shares

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 100,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $155.00, for a total value of $15,500,000.00. Following the sale, the director now owns 195,281 shares of the company's stock, valued at $30,268,555. This represents a 33.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 17th, Frank Slootman sold 6,714 shares of Snowflake stock. The stock was sold at an average price of $171.00, for a total transaction of $1,148,094.00.
• On Tuesday, December 10th, Frank Slootman sold 1,712 shares of Snowflake stock. The shares were sold at an average price of $179.00, for a total transaction of $306,448.00.
• On Tuesday, December 3rd, Frank Slootman sold 2,218 shares of Snowflake stock. The stock was sold at an average price of $175.00, for a total transaction of $388,150.00.
• On Friday, November 29th, Frank Slootman sold 59,617 shares of Snowflake stock. The shares were sold at an average price of $176.25, for a total value of $10,507,496.25.
• On Tuesday, November 26th, Frank Slootman sold 20,514 shares of Snowflake stock. The shares were sold at an average price of $175.26, for a total value of $3,595,283.64.
• On Friday, November 22nd, Frank Slootman sold 45,896 shares of Snowflake stock. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76.

Snowflake Stock Up 2.0 %

NYSE SNOW traded up $3.10 during midday trading on Thursday, hitting $157.51. 3,402,526 shares of the company traded hands, compared to its average volume of 6,699,249. The company has a market cap of $51.99 billion, a PE ratio of -46.46 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $237.72. The company's 50-day simple moving average is $150.20 and its 200-day simple moving average is $132.28.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Snowflake from $172.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Rosenblatt Securities restated a "buy" rating and issued a $180.00 target price on shares of Snowflake in a report on Tuesday, November 19th. Mizuho lifted their price target on Snowflake from $165.00 to $195.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Wedbush cut Snowflake from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $175.00 price objective on shares of Snowflake in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, Snowflake has a consensus rating of "Moderate Buy" and a consensus price target of $185.03.

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank raised its holdings in Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company's stock worth $4,276,000 after purchasing an additional 7,239 shares in the last quarter. Independent Advisor Alliance raised its stake in shares of Snowflake by 15.5% during the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company's stock worth $468,000 after acquiring an additional 548 shares in the last quarter. Franklin Resources Inc. lifted its position in Snowflake by 1.4% during the third quarter. Franklin Resources Inc. now owns 536,588 shares of the company's stock valued at $66,086,000 after acquiring an additional 7,373 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Snowflake by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,511 shares of the company's stock valued at $143,289,000 after acquiring an additional 36,704 shares in the last quarter. Finally, Sender Co & Partners Inc. boosted its stake in Snowflake by 100.9% in the third quarter. Sender Co & Partners Inc. now owns 8,522 shares of the company's stock valued at $979,000 after acquiring an additional 4,280 shares in the last quarter. Hedge funds and other institutional investors 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.