Snowflake Inc. (NYSE:SNOW - Get Free Report) EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $160.00, for a total transaction of $1,600,000.00. Following the completion of the transaction, the executive vice president now directly owns 590,632 shares in the company, valued at approximately $94,501,120. This represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Christian Kleinerman also recently made the following trade(s):
- On Friday, March 21st, Christian Kleinerman sold 7,908 shares of Snowflake stock. The shares were sold at an average price of $154.67, for a total transaction of $1,223,130.36.
- 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 transaction of $586,172.85.
- On Tuesday, March 11th, Christian Kleinerman sold 685 shares of Snowflake stock. The stock was 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 transaction of $2,797,500.00.
Snowflake Price Performance
Snowflake stock opened at $158.96 on Tuesday. The business has a fifty day moving average price of $154.37 and a 200-day moving average price of $156.30. Snowflake Inc. has a one year low of $107.13 and a one year high of $194.40. The firm has a market capitalization of $52.47 billion, a P/E ratio of -46.89 and a beta of 1.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88.
Institutional Trading of Snowflake
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Snowflake in the first quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in shares of Snowflake in the 4th quarter worth $29,000. CVA Family Office LLC raised its position in shares of Snowflake by 80.0% during the 1st quarter. CVA Family Office LLC now owns 198 shares of the company's stock valued at $29,000 after buying an additional 88 shares in the last quarter. West Paces Advisors Inc. bought a new stake in shares of Snowflake during the 4th quarter worth $31,000. Finally, Spurstone Advisory Services LLC purchased a new position in Snowflake in the fourth quarter worth $31,000. Institutional investors own 65.10% of the company's stock.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Needham & Company LLC raised their target price on shares of Snowflake from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Canaccord Genuity Group raised their price target on shares of Snowflake from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. KeyCorp dropped their price target on shares of Snowflake from $220.00 to $192.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Evercore ISI boosted their price objective on Snowflake from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Bank of America increased their target price on shares of Snowflake from $185.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Ten equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $200.27.
Check Out Our Latest Analysis on SNOW
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.
Further Reading
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.
