Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 2,610 Shares

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 2,610 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $209.87, for a total value of $547,760.70. Following the completion of the transaction, the executive vice president now owns 557,336 shares of the company's stock, valued at $116,968,106.32. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, June 17th, Christian Kleinerman sold 2,975 shares of Snowflake stock. The stock was sold at an average price of $208.00, for a total value of $618,800.00.
• On Tuesday, June 10th, Christian Kleinerman sold 548 shares of Snowflake stock. The stock was sold at an average price of $209.96, for a total value of $115,058.08.
• On Monday, June 2nd, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $205.67, for a total value of $2,056,700.00.
• On Thursday, May 22nd, Christian Kleinerman sold 5,000 shares of Snowflake stock. The shares were sold at an average price of $200.00, for a total value of $1,000,000.00.
• On Thursday, May 1st, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $168.00, for a total value of $1,680,000.00.
• On Friday, April 25th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $160.00, for a total value of $1,600,000.00.

Snowflake Trading Up 4.4%

NYSE SNOW traded up $9.39 during trading on Tuesday, hitting $223.10. The company's stock had a trading volume of 7,202,819 shares, compared to its average volume of 6,171,986. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $224.57. The firm has a 50 day moving average price of $184.50 and a 200 day moving average price of $172.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.58 and a current ratio of 1.58.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. Snowflake had a negative return on equity of 37.75% and a negative net margin of 36.43%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.14 EPS. Snowflake's revenue for the quarter was up 25.8% compared to the same quarter last year. Equities research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SNOW. Daiwa Capital Markets started coverage on Snowflake in a report on Tuesday, April 1st. They issued a "buy" rating and a $210.00 price objective on the stock. Piper Sandler restated an "overweight" rating and set a $215.00 price objective (up previously from $175.00) on shares of Snowflake in a research note on Wednesday, May 21st. Evercore ISI reiterated a "buy" rating on shares of Snowflake in a research report on Wednesday, June 4th. Stifel Nicolaus boosted their price objective on Snowflake from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Bank of America boosted their price objective on Snowflake from $172.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Snowflake currently has a consensus rating of "Moderate Buy" and a consensus target price of $225.22.

Institutional Trading of Snowflake

Several institutional investors have recently modified their holdings of SNOW. Opal Wealth Advisors LLC acquired a new stake in Snowflake in the 1st quarter valued at $26,000. CVA Family Office LLC boosted its stake in Snowflake by 80.0% in the 1st quarter. CVA Family Office LLC now owns 198 shares of the company's stock valued at $29,000 after buying an additional 88 shares in the last quarter. West Paces Advisors Inc. acquired a new stake in Snowflake in the 4th quarter valued at $31,000. Spurstone Advisory Services LLC acquired a new stake in Snowflake in the 4th quarter valued at $31,000. Finally, Capital A Wealth Management LLC acquired a new stake in Snowflake in the 4th quarter valued at $31,000. Institutional investors and hedge funds 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.

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