Frank Slootman Sells 1,783 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 1,783 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the transaction, the director now directly owns 192,511 shares of the company’s stock, valued at $28,345,319.64. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Frank Slootman also recently made the following trade(s):

• On Wednesday, January 22nd, Frank Slootman sold 127,247 shares of Snowflake stock. The shares were sold at an average price of $176.25, for a total transaction of $22,427,283.75.
• On Monday, December 30th, Frank Slootman sold 100,000 shares of Snowflake stock. The shares were sold at an average price of $155.00, for a total transaction of $15,500,000.00.
• On Tuesday, December 17th, Frank Slootman sold 6,714 shares of Snowflake stock. The shares were sold at an average price of $171.00, for a total transaction of $1,148,094.00.

Snowflake Price Performance

Shares of Snowflake stock opened at $149.83 on Friday. The firm has a market cap of $49.46 billion, a PE ratio of -44.20 and a beta of 1.07. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The company’s fifty day simple moving average is $173.36 and its two-hundred day simple moving average is $147.60.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SNOW shares. Piper Sandler raised their price objective on shares of Snowflake from $208.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Jefferies Financial Group increased their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Bank of America increased their target price on shares of Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Wedbush set a $210.00 target price on shares of Snowflake in a research note on Wednesday, January 22nd. Finally, Citigroup increased their target price on shares of Snowflake from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $202.92.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently added to or reduced their stakes in SNOW. Stonebridge Financial Group LLC bought a new stake in shares of Snowflake during the 4th quarter valued at about $29,000. West Paces Advisors Inc. bought a new stake in shares of Snowflake during the 4th quarter valued at about $31,000. Spurstone Advisory Services LLC bought a new stake in shares of Snowflake during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Snowflake during the 4th quarter valued at about $31,000. Finally, Carolinas Wealth Consulting LLC bought a new stake in shares of Snowflake during the 4th quarter valued at about $32,000. Institutional investors own 65.10% of the company’s stock.

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.