Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 2,975 Shares

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 2,975 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 $618,800.00. Following the transaction, the executive vice president now directly owns 562,609 shares of the company's stock, valued at approximately $117,022,672. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, June 10th, Christian Kleinerman sold 548 shares of Snowflake stock. The shares were sold at an average price of $209.96, for a total transaction 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 transaction of $2,056,700.00.
• On Thursday, May 22nd, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $200.00, for a total transaction 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 transaction 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 transaction of $1,600,000.00.
• 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.

Snowflake Trading Up 1.2%

Shares of SNOW traded up $2.44 during mid-day trading on Wednesday, reaching $211.89. The stock had a trading volume of 4,212,883 shares, compared to its average volume of 6,217,886. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $214.83. The business has a fifty day moving average of $179.22 and a 200 day moving average of $171.24. 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 posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Snowflake had a negative net margin of 36.43% and a negative return on equity of 37.75%. The company's revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently modified their holdings of SNOW. Quarry LP lifted its holdings in shares of Snowflake by 9.8% in the fourth quarter. Quarry LP now owns 662 shares of the company's stock worth $102,000 after buying an additional 59 shares in the last quarter. Ignite Planners LLC lifted its holdings in shares of Snowflake by 2.3% in the first quarter. Ignite Planners LLC now owns 2,861 shares of the company's stock worth $418,000 after buying an additional 64 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Snowflake by 3.3% in the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock worth $317,000 after buying an additional 65 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Snowflake by 1.9% in the first quarter. Archford Capital Strategies LLC now owns 3,609 shares of the company's stock worth $527,000 after buying an additional 68 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Snowflake by 8.9% in the first quarter. TD Private Client Wealth LLC now owns 832 shares of the company's stock worth $122,000 after buying an additional 68 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SNOW has been the subject of several recent analyst reports. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a report on Thursday, February 27th. Bank of America lifted their target price on shares of Snowflake from $172.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Raymond James Financial reiterated an "outperform" rating and issued a $212.00 price target (up from $196.00) on shares of Snowflake in a research note on Thursday, May 22nd. HSBC lowered shares of Snowflake from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Snowflake from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Two equities 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $223.50.

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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