Christopher William Degnan Sells 12,782 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) CRO Christopher William Degnan sold 12,782 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.87, for a total transaction of $2,324,662.34. Following the transaction, the executive now owns 308,164 shares of the company’s stock, valued at approximately $56,045,786.68. This trade represents a 3.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Christopher William Degnan also recently made the following trade(s):

• On Thursday, January 2nd, Christopher William Degnan sold 12,782 shares of Snowflake stock. The shares were sold at an average price of $157.24, for a total transaction of $2,009,841.68.
• On Monday, December 2nd, Christopher William Degnan sold 12,782 shares of Snowflake stock. The stock was sold at an average price of $174.06, for a total transaction of $2,224,834.92.
• On Thursday, November 21st, Christopher William Degnan sold 76,692 shares of Snowflake stock. The shares were sold at an average price of $168.42, for a total value of $12,916,466.64.

Snowflake Stock Down 0.3 %

SNOW opened at $188.59 on Thursday. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The business has a 50 day moving average price of $170.06 and a 200 day moving average price of $138.51. The firm has a market cap of $62.25 billion, a P/E ratio of -55.63 and a beta of 1.07.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SNOW shares. StockNews.com lowered Snowflake from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Mizuho boosted their price objective on Snowflake from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Truist Financial reiterated a “buy” rating and issued a $210.00 target price on shares of Snowflake in a report on Thursday, November 21st. Evercore ISI boosted their price target on shares of Snowflake from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Barclays raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $187.06.

Institutional Trading of Snowflake

A number of institutional investors and hedge funds have recently modified their holdings of SNOW. Asset Dedication LLC raised its holdings in Snowflake by 6.8% in the 4th quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after acquiring an additional 59 shares during the period. Breakwater Capital Group grew its position in shares of Snowflake by 2.2% in the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock valued at $454,000 after purchasing an additional 62 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Snowflake by 31.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 380 shares of the company’s stock worth $59,000 after purchasing an additional 90 shares during the period. Modus Advisors LLC lifted its position in shares of Snowflake by 3.9% during the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock worth $286,000 after purchasing an additional 94 shares during the last quarter. Finally, Catalyst Private Wealth LLC boosted its stake in Snowflake by 3.2% during the 3rd quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after purchasing an additional 104 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

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.