Frank Slootman Sells 127,247 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 127,247 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the completion of the transaction, the director now directly owns 195,281 shares in the company, valued at $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 value 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.
• On Tuesday, December 10th, Frank Slootman sold 1,712 shares of Snowflake stock. The stock was sold at an average price of $179.00, for a total value of $306,448.00.
• On Tuesday, December 3rd, Frank Slootman sold 2,218 shares of Snowflake stock. The shares were sold at an average price of $175.00, for a total transaction of $388,150.00.
• On Friday, November 29th, Frank Slootman sold 59,617 shares of Snowflake stock. The shares were sold at an average price of $176.25, for a total value of $10,507,496.25.
• On Tuesday, November 26th, Frank Slootman sold 20,514 shares of Snowflake stock. The stock was sold at an average price of $175.26, for a total value of $3,595,283.64.
• On Friday, November 22nd, Frank Slootman sold 45,896 shares of Snowflake stock. The shares were sold at an average price of $176.06, for a total transaction of $8,080,449.76.

Snowflake Stock Down 1.5 %

Shares of SNOW traded down $2.72 during trading on Thursday, reaching $174.77. The company’s stock had a trading volume of 3,741,455 shares, compared to its average volume of 4,945,248. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. 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 has a market cap of $57.69 billion, a price-to-earnings ratio of -51.56 and a beta of 1.05. The company has a fifty day moving average of $163.96 and a two-hundred day moving average of $135.63.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Rosenblatt Securities restated a “buy” rating and set a $180.00 price target on shares of Snowflake in a research report on Tuesday, November 19th. Argus initiated coverage on shares of Snowflake in a report on Tuesday, October 1st. They set a “hold” rating for the company. Evercore ISI upped their price target on Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company raised Snowflake from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $150.00 to $200.00 in a report on Tuesday, January 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $175.00 target price on shares of Snowflake in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $188.06.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its holdings in Snowflake by 24.1% in the third quarter. Toronto Dominion Bank now owns 37,226 shares of the company’s stock worth $4,276,000 after purchasing an additional 7,239 shares during the period. Independent Advisor Alliance boosted its holdings in shares of Snowflake by 15.5% in the 3rd quarter. Independent Advisor Alliance now owns 4,078 shares of the company’s stock valued at $468,000 after buying an additional 548 shares during the period. Bourgeon Capital Management LLC acquired a new stake in shares of Snowflake during the 4th quarter worth approximately $5,851,000. Franklin Resources Inc. boosted its position in Snowflake by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 536,588 shares of the company’s stock valued at $66,086,000 after purchasing an additional 7,373 shares during the period. Finally, Westend Capital Management LLC acquired a new stake in Snowflake in the fourth quarter worth $10,550,000. 65.10% of the stock is currently owned by institutional investors.

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.