Snowflake Inc. (NYSE:SNOW) Director Sells $390,315.64 in Stock

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 1,859 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $209.96, for a total value of $390,315.64. Following the completion of the sale, the director now owns 180,229 shares of the company's stock, valued at $37,840,880.84. The trade was a 1.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 18th, Frank Slootman sold 7,016 shares of Snowflake stock. The shares were sold at an average price of $155.69, for a total value of $1,092,321.04.

Snowflake Stock Performance

Shares of NYSE:SNOW traded down $3.14 during midday trading on Friday, reaching $208.14. 3,634,177 shares of the company's stock traded hands, compared to its average volume of 6,256,587. The company has a market cap of $69.49 billion, a price-to-earnings ratio of -61.40 and a beta of 1.21. 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 one year low of $107.13 and a one year high of $214.83. The stock has a 50 day moving average of $176.54 and a 200 day moving average of $170.76.

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

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $245.00 price objective on shares of Snowflake in a research report on Wednesday, June 4th. Piper Sandler reiterated an "overweight" rating and issued a $215.00 price objective (up previously from $175.00) on shares of Snowflake in a research report on Wednesday, May 21st. Canaccord Genuity Group boosted their target price on Snowflake from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Wolfe Research raised Snowflake from a "peer perform" rating to an "outperform" rating and set a $235.00 target price on the stock in a research note on Tuesday, February 18th. Finally, UBS Group raised Snowflake from a "neutral" rating to a "buy" rating and boosted their target price for the company from $210.00 to $265.00 in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $223.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Inspire Investing LLC lifted its holdings in Snowflake by 23.4% in the first quarter. Inspire Investing LLC now owns 2,066 shares of the company's stock valued at $302,000 after acquiring an additional 392 shares during the period. Strs Ohio bought a new position in Snowflake in the first quarter valued at about $10,209,000. SWS Partners lifted its holdings in Snowflake by 2.5% in the first quarter. SWS Partners now owns 20,683 shares of the company's stock valued at $3,023,000 after acquiring an additional 507 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company's stock valued at $47,000 after acquiring an additional 73 shares during the period. Finally, IFM Investors Pty Ltd increased its position in Snowflake by 0.5% in the first quarter. IFM Investors Pty Ltd now owns 54,020 shares of the company's stock worth $7,896,000 after buying an additional 274 shares in the last quarter. 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.