Christian Kleinerman Sells 861 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 861 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $165.31, for a total value of $142,331.91. Following the sale, the executive vice president now owns 582,930 shares in the company, valued at $96,364,158.30. The trade was a 0.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, December 17th, Christian Kleinerman sold 3,029 shares of Snowflake stock. The shares were sold at an average price of $171.00, for a total transaction of $517,959.00.
• On Tuesday, December 10th, Christian Kleinerman sold 558 shares of Snowflake stock. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00.
• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00.
• On Wednesday, November 6th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00.
• On Thursday, October 10th, Christian Kleinerman sold 30,000 shares of Snowflake stock. The stock was sold at an average price of $120.00, for a total value of $3,600,000.00.

Snowflake Trading Down 2.9 %

Shares of Snowflake stock traded down $4.85 during trading hours on Monday, hitting $161.44. The company’s stock had a trading volume of 5,705,443 shares, compared to its average volume of 6,772,825. The stock has a market cap of $53.29 billion, a price-to-earnings ratio of -47.62 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. The firm has a fifty day moving average of $143.77 and a 200-day moving average of $130.59.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. LRI Investments LLC raised its stake in shares of Snowflake by 155.6% in the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after acquiring an additional 112 shares during the period. Wellington Shields Capital Management LLC acquired a new stake in Snowflake in the 2nd quarter valued at approximately $27,000. Groupama Asset Managment purchased a new position in shares of Snowflake during the third quarter worth $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Snowflake in the third quarter valued at $30,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Snowflake in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SNOW. Needham & Company LLC upped their price target on shares of Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Citigroup decreased their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research report on Monday, November 18th. Truist Financial reiterated a “buy” rating and set a $210.00 price objective on shares of Snowflake in a research note on Thursday, November 21st. Rosenblatt Securities restated a “buy” rating and issued a $180.00 target price on shares of Snowflake in a research note on Tuesday, November 19th. Finally, Barclays upped their price target on Snowflake from $172.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.03.

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.