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

Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $218.89, for a total value of $2,188,900.00. Following the transaction, the executive vice president directly owned 547,336 shares in the company, valued at $119,806,377.04. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, June 25th, Christian Kleinerman sold 5,000 shares of Snowflake stock. The stock was sold at an average price of $225.00, for a total value of $1,125,000.00.
• On Monday, June 23rd, Christian Kleinerman sold 2,610 shares of Snowflake stock. The shares were sold at an average price of $209.87, for a total value of $547,760.70.
• 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 transaction 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 transaction 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 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 value of $1,600,000.00.

Snowflake Stock Performance

Shares of NYSE:SNOW traded up $3.79 during trading on Friday, hitting $221.13. 2,761,777 shares of the stock were exchanged, compared to its average volume of 6,054,199. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $73.83 billion, a price-to-earnings ratio of -52.52 and a beta of 1.22. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $225.68. The company's fifty day simple moving average is $196.60 and its 200-day simple moving average is $174.76.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly 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 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 posted $0.14 earnings per share. Snowflake's revenue for the quarter was up 25.8% compared to the same quarter last year. Sell-side analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SNOW shares. Needham & Company LLC reaffirmed a "buy" rating and set a $230.00 price target on shares of Snowflake in a report on Thursday, June 5th. BTIG Research reaffirmed a "buy" rating on shares of Snowflake in a report on Thursday, May 22nd. Robert W. Baird increased their price target on Snowflake from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Daiwa Capital Markets began coverage on shares of Snowflake in a research note on Tuesday, April 1st. They set a "buy" rating and a $210.00 target price for the company. Finally, Loop Capital boosted their price target on shares of Snowflake from $220.00 to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Snowflake presently has an average rating of "Moderate Buy" and a consensus target price of $225.36.

Institutional Trading of Snowflake

Several hedge funds and other institutional investors have recently modified their holdings of SNOW. Harbor Investment Advisory LLC grew its stake in shares of Snowflake by 145.2% in the second quarter. Harbor Investment Advisory LLC now owns 4,117 shares of the company's stock valued at $921,000 after buying an additional 2,438 shares in the last quarter. Kera Capital Partners Inc. bought a new stake in shares of Snowflake during the 2nd quarter valued at $676,000. AG2R LA Mondiale Gestion D Actifs bought a new stake in Snowflake during the first quarter worth about $1,694,000. Voya Investment Management LLC boosted its position in shares of Snowflake by 10.6% during the 1st quarter. Voya Investment Management LLC now owns 1,023,844 shares of the company's stock worth $149,645,000 after acquiring an additional 98,027 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Snowflake by 23.4% in the 1st quarter. Inspire Investing LLC now owns 2,066 shares of the company's stock valued at $302,000 after purchasing an additional 392 shares during the last quarter. 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.