Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 7,908 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 7,908 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $154.67, for a total value of $1,223,130.36. Following the completion of the transaction, the executive vice president now directly owns 600,632 shares in the company, valued at $92,899,751.44. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The stock was sold at an average price of $155.69, for a total transaction 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 transaction of $100,859.40.
• On Tuesday, March 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $171.75, for a total value of $2,576,250.00.
• On Tuesday, February 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00.

Snowflake Stock Up 3.1 %

Shares of SNOW stock traded up $4.97 on Monday, reaching $163.36. 3,880,961 shares of the stock were exchanged, compared to its average volume of 6,331,002. The business’s 50 day moving average price is $172.74 and its 200 day moving average price is $149.89. The company has a market capitalization of $53.93 billion, a price-to-earnings ratio of -48.19 and a beta of 1.07. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $194.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America boosted their target price on shares of Snowflake from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. StockNews.com raised Snowflake from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target for the company in a research report on Tuesday, February 18th. Scotiabank lifted their target price on Snowflake from $170.00 to $220.00 and gave the stock a “sector outperform” rating in a report on Monday, December 9th. Finally, Royal Bank of Canada increased their price target on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.08.

Institutional Trading of Snowflake

Institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its stake in Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock valued at $4,276,000 after acquiring an additional 7,239 shares in the last quarter. Prospect Financial Services LLC purchased a new stake in Snowflake in the fourth quarter valued at approximately $288,000. Independent Advisor Alliance boosted its holdings in shares of Snowflake by 15.5% in the third quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after acquiring an additional 548 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Snowflake by 1.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,715 shares of the company’s stock valued at $104,028,000 after acquiring an additional 8,857 shares during the period. Finally, Bourgeon Capital Management LLC purchased a new stake in Snowflake in the 4th quarter valued at $5,851,000. Hedge funds and other institutional investors 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.