Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 15,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $171.75, for a total value of $2,576,250.00. Following the sale, the executive vice president now owns 594,975 shares of the company’s stock, valued at $102,186,956.25. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value of $2,797,500.00.
• On Monday, December 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The stock was sold at an average price of $165.31, for a total value of $142,331.91.
• On Tuesday, December 17th, Christian Kleinerman sold 3,029 shares of Snowflake stock. The stock was sold at an average price of $171.00, for a total value 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 value of $99,882.00.

Snowflake Stock Performance

Shares of SNOW stock opened at $177.66 on Thursday. The company has a market capitalization of $58.65 billion, a P/E ratio of -52.41 and a beta of 1.07. The business’s 50 day moving average is $173.94 and its two-hundred day moving average is $146.64. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SNOW shares. Oppenheimer upped their price objective on Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Cantor Fitzgerald upped their target price on Snowflake from $201.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Rosenblatt Securities upped their target price on Snowflake from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Bank of America upped their target price on Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, Jefferies Financial Group upped their target price on Snowflake from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and one has issued 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 price target of $202.92.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently bought and sold shares of the business. Asset Dedication LLC boosted its position in Snowflake by 6.8% during the fourth quarter. Asset Dedication LLC now owns 922 shares of the company’s stock worth $142,000 after purchasing an additional 59 shares in the last quarter. Quarry LP boosted its position in Snowflake by 9.8% during the fourth quarter. Quarry LP now owns 662 shares of the company’s stock worth $102,000 after purchasing an additional 59 shares in the last quarter. Breakwater Capital Group boosted its position in Snowflake by 2.2% during the fourth quarter. Breakwater Capital Group now owns 2,938 shares of the company’s stock worth $454,000 after purchasing an additional 62 shares in the last quarter. Gabelli Funds LLC boosted its position in Snowflake by 3.3% during the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company’s stock worth $317,000 after purchasing an additional 65 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Snowflake by 0.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company’s stock worth $2,077,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other 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.