Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 7,908 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $154.67, for a total value of $1,223,130.36. Following the completion of the sale, the executive vice president now directly owns 600,632 shares in the company, valued at $92,899,751.44. This represents a 1.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Christian Kleinerman also recently made the following trade(s):
- On Tuesday, March 18th, Christian Kleinerman sold 3,765 shares of Snowflake stock. The stock was sold at an average price of $155.69, for a total value of $586,172.85.
- On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The shares were sold at an average price of $147.24, for a total transaction of $100,859.40.
- On Tuesday, March 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $171.75, for a total transaction of $2,576,250.00.
- 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.
Snowflake Stock Up 3.1 %
SNOW stock opened at $163.36 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company has a 50-day moving average of $172.76 and a two-hundred day moving average of $150.25. The stock has a market capitalization of $53.93 billion, a price-to-earnings ratio of -48.19 and a beta of 1.07. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $194.40.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price 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. Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. UBS Group increased their target price on Snowflake from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, February 27th. Wedbush set a $210.00 price target on Snowflake in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities increased their price objective on Snowflake from $186.00 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $205.08.
View Our Latest Stock Analysis on Snowflake
Institutional Trading of Snowflake
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNOW. Norges Bank acquired a new position in shares of Snowflake during the fourth quarter worth approximately $988,950,000. GQG Partners LLC acquired a new position in Snowflake during the 4th quarter valued at $750,572,000. Jennison Associates LLC boosted its holdings in Snowflake by 92.2% in the 4th quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock valued at $1,179,230,000 after purchasing an additional 3,662,671 shares during the period. FMR LLC grew its position in Snowflake by 84.9% in the 4th quarter. FMR LLC now owns 6,108,123 shares of the company's stock worth $943,155,000 after purchasing an additional 2,805,425 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Snowflake by 124.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,968,755 shares of the company's stock worth $612,817,000 after purchasing an additional 2,200,406 shares during the period. Institutional investors and hedge funds own 65.10% of the company's stock.
Snowflake Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
