Snowflake Inc. (NYSE:SNOW - Get Free Report) CEO Frank Slootman sold 250,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $198.39, for a total transaction of $49,597,500.00. Following the completion of the sale, the chief executive officer now owns 180,143 shares of the company's stock, valued at $35,738,569.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Frank Slootman also recently made the following trade(s):
- On Monday, December 11th, Frank Slootman sold 1,311 shares of Snowflake stock. The stock was sold at an average price of $193.70, for a total value of $253,940.70.
- On Wednesday, November 29th, Frank Slootman sold 112,500 shares of Snowflake stock. The shares were sold at an average price of $175.90, for a total value of $19,788,750.00.
- On Wednesday, November 22nd, Frank Slootman sold 8,326 shares of Snowflake stock. The stock was sold at an average price of $169.70, for a total transaction of $1,412,922.20.
- On Wednesday, November 8th, Frank Slootman sold 8,334 shares of Snowflake stock. The shares were sold at an average price of $157.79, for a total value of $1,315,021.86.
- On Friday, November 3rd, Frank Slootman sold 4,026 shares of Snowflake stock. The shares were sold at an average price of $150.07, for a total transaction of $604,181.82.
- On Wednesday, October 25th, Frank Slootman sold 4,308 shares of Snowflake stock. The stock was sold at an average price of $145.67, for a total value of $627,546.36.
- On Wednesday, October 11th, Frank Slootman sold 8,334 shares of Snowflake stock. The shares were sold at an average price of $163.68, for a total value of $1,364,109.12.
Snowflake Price Performance
Shares of SNOW stock traded up $2.52 during trading on Thursday, hitting $201.23. 3,822,031 shares of the stock traded hands, compared to its average volume of 5,392,417. Snowflake Inc. has a 52-week low of $119.27 and a 52-week high of $202.83. The firm has a market capitalization of $66.27 billion, a P/E ratio of -74.74 and a beta of 0.96. The firm's fifty day moving average price is $171.49 and its 200-day moving average price is $167.04.
Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, November 29th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.09. The company had revenue of $734.20 million for the quarter, compared to the consensus estimate of $713.75 million. Snowflake had a negative return on equity of 14.46% and a negative net margin of 33.35%. The company's revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.60) earnings per share. As a group, equities research analysts expect that Snowflake Inc. will post -1.72 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Snowflake by 333.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company's stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Global Trust Asset Management LLC boosted its position in shares of Snowflake by 7,500.0% during the second quarter. Global Trust Asset Management LLC now owns 152 shares of the company's stock worth $27,000 after buying an additional 150 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Snowflake by 822.2% in the first quarter. Geneos Wealth Management Inc. now owns 166 shares of the company's stock valued at $38,000 after buying an additional 148 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Snowflake in the 2nd quarter valued at $840,000. Finally, VitalStone Financial LLC lifted its stake in Snowflake by 616.0% during the 2nd quarter. VitalStone Financial LLC now owns 179 shares of the company's stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 63.74% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on SNOW shares. Scotiabank raised their price objective on shares of Snowflake from $194.00 to $226.00 and gave the stock a "sector outperform" rating in a research note on Thursday, November 30th. Capital One Financial raised Snowflake from an "equal weight" rating to an "overweight" rating and set a $195.00 price objective on the stock in a report on Wednesday, November 8th. Truist Financial lifted their price target on shares of Snowflake from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, November 30th. DA Davidson began coverage on shares of Snowflake in a report on Thursday, September 7th. They set a "buy" rating and a $200.00 price objective on the stock. Finally, Rosenblatt Securities boosted their target price on shares of Snowflake from $170.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $195.37.
Read Our Latest Research Report on SNOW
Snowflake Company Profile
(
Get Free Report)
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.
Further Reading
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