Frank Slootman Sells 7,016 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Frank Slootman sold 7,016 shares of Snowflake stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $1,092,321.04. Following the completion of the sale, the director now owns 182,999 shares in the company, valued at approximately $28,491,114.31. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, March 11th, Frank Slootman sold 1,783 shares of Snowflake stock. The shares were sold at an average price of $147.24, for a total transaction of $262,528.92.
• 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 value 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 value of $15,500,000.00.

Snowflake Stock Up 1.0 %

Shares of SNOW stock traded up $1.53 during mid-day trading on Wednesday, hitting $155.89. The stock had a trading volume of 4,554,018 shares, compared to its average volume of 6,383,736. The firm has a market capitalization of $51.46 billion, a P/E ratio of -45.98 and a beta of 1.07. The firm’s 50-day moving average is $173.01 and its two-hundred day moving average is $148.93. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $194.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.

Analyst Ratings Changes

SNOW has been the topic of several research reports. Mizuho lifted their price target on Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada boosted their price objective on shares of Snowflake from $210.00 to $221.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Evercore ISI boosted their price objective on shares of Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. KeyCorp boosted their price target on Snowflake from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Rosenblatt Securities boosted their price target on Snowflake from $186.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.92.

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently modified their holdings of the stock. 111 Capital acquired a new position in shares of Snowflake in the 4th quarter valued at about $578,000. NorthCrest Asset Manangement LLC lifted its stake in shares of Snowflake by 12.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 7,785 shares of the company’s stock valued at $1,202,000 after purchasing an additional 875 shares during the period. PKO Investment Management Joint Stock Co acquired a new position in shares of Snowflake in the 4th quarter valued at $2,007,000. Centaurus Financial Inc. lifted its stake in shares of Snowflake by 15.8% in the 4th quarter. Centaurus Financial Inc. now owns 8,291 shares of the company’s stock valued at $1,280,000 after purchasing an additional 1,132 shares during the period. Finally, IronOak Wealth LLC. acquired a new position in shares of Snowflake in the fourth quarter worth about $633,000. Institutional investors and hedge funds 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.