Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 10,000 Shares

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $160.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the executive vice president now directly owns 590,632 shares of the company's stock, valued at approximately $94,501,120. This trade represents a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Christian Kleinerman also recently made the following trade(s):

• On Friday, March 21st, Christian Kleinerman sold 7,908 shares of Snowflake stock. The stock was sold at an average price of $154.67, for a total transaction of $1,223,130.36.
• On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The shares were sold at an average price of $155.69, for a total value of $586,172.85.
• On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The shares were sold at an average price of $147.24, for a total value of $100,859.40.
• On Tuesday, March 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $171.75, for a total transaction of $2,576,250.00.
• On Tuesday, February 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $186.50, for a total transaction of $2,797,500.00.

Snowflake Stock Up 0.4 %

Shares of NYSE:SNOW traded up $0.56 during trading on Monday, reaching $158.96. The stock had a trading volume of 2,017,775 shares, compared to its average volume of 6,408,701. The firm's 50-day simple moving average is $154.91 and its 200 day simple moving average is $156.06. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The company has a market capitalization of $52.47 billion, a P/E ratio of -46.89 and a beta of 1.13.

Institutional Investors Weigh In On Snowflake

Institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Snowflake during the 1st quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in Snowflake during the 4th quarter valued at about $29,000. CVA Family Office LLC raised its stake in Snowflake by 80.0% in the first quarter. CVA Family Office LLC now owns 198 shares of the company's stock valued at $29,000 after buying an additional 88 shares during the last quarter. West Paces Advisors Inc. acquired a new stake in Snowflake in the fourth quarter worth about $31,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Snowflake during the fourth quarter worth about $31,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $183.00 target price on shares of Snowflake in a research note on Wednesday, April 2nd. KeyCorp decreased their target price on Snowflake from $220.00 to $192.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada increased their price target on Snowflake from $210.00 to $221.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Piper Sandler reduced their price objective on Snowflake from $215.00 to $175.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, DA Davidson lowered their target price on Snowflake from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Ten analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $200.27.

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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