Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Frank Slootman sold 7,294 shares of Snowflake stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $208.00, for a total transaction of $1,517,152.00. Following the sale, the director now directly owns 170,718 shares in the company, valued at $35,509,344. The trade was a 4.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Frank Slootman also recently made the following trade(s):
- 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 up $2.44 during trading on Wednesday, hitting $211.89. 4,212,883 shares of the company's stock traded hands, compared to its average volume of 6,217,886. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $214.83. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.58. The business has a fifty day simple moving average of $179.22 and a 200 day simple moving average of $171.24.
Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Snowflake had a negative net margin of 36.43% and a negative return on equity of 37.75%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $0.14 earnings per share. Snowflake's quarterly revenue was up 25.8% compared to the same quarter last year. On average, equities analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Guggenheim reissued a "neutral" rating on shares of Snowflake in a research note on Thursday, February 27th. Truist Financial upped their target price on shares of Snowflake from $210.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. DA Davidson reaffirmed a "buy" rating and set a $250.00 target price on shares of Snowflake in a report on Wednesday, June 4th. Robert W. Baird upped their target price on shares of Snowflake from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Oppenheimer increased their price objective on shares of Snowflake from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Snowflake has an average rating of "Moderate Buy" and an average target price of $223.50.
Check Out Our Latest Stock Report on Snowflake
Institutional Investors Weigh In On Snowflake
Several hedge funds and other institutional investors have recently made changes to their positions in SNOW. Kirtland Hills Capital Management LLC increased its stake in Snowflake by 40.1% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 15,920 shares of the company's stock worth $2,458,000 after buying an additional 4,559 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Snowflake by 455.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 124,178 shares of the company's stock worth $19,174,000 after buying an additional 101,806 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in Snowflake in the 4th quarter worth about $3,088,000. GraniteShares Advisors LLC purchased a new position in Snowflake in the 4th quarter worth about $781,000. Finally, Deutsche Bank AG increased its stake in Snowflake by 26.0% in the 4th quarter. Deutsche Bank AG now owns 922,953 shares of the company's stock worth $142,513,000 after buying an additional 190,583 shares during the period. Hedge funds and other institutional investors own 65.10% of the company's stock.
About Snowflake
(
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, as well as applies artificial intelligence (AI) for solving business problems.
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