Insider Selling: Snowflake Inc. (NYSE:SNOW) Director Sells 1,783 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 1,783 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92. Following the transaction, the director now directly owns 192,511 shares in the company, valued at approximately $28,345,319.64. The trade was a 0.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, January 22nd, Frank Slootman sold 127,247 shares of Snowflake stock. The shares were sold at an average price of $176.25, for a total transaction of $22,427,283.75.
• 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 transaction 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.

Snowflake Stock Performance

Shares of SNOW stock opened at $152.59 on Thursday. The company’s fifty day simple moving average is $173.51 and its 200-day simple moving average is $147.59. 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 firm has a market cap of $50.37 billion, a PE ratio of -45.01 and a beta of 1.07. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $194.40.

Institutional Trading of Snowflake

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in Snowflake during the fourth quarter worth $29,000. West Paces Advisors Inc. acquired a new position in shares of Snowflake in the fourth quarter valued at $31,000. Spurstone Advisory Services LLC acquired a new position in shares of Snowflake in the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Snowflake in the fourth quarter valued at about $31,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in shares of Snowflake in the fourth quarter valued at about $32,000. 65.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Snowflake from $190.00 to $203.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Bank of America increased their price target on shares of Snowflake from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Jefferies Financial Group raised their price target on shares of Snowflake from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Cantor Fitzgerald raised their price target on shares of Snowflake from $201.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada raised their price target on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $202.92.

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.