Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 558 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 558 shares of Snowflake stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total transaction of $61,357.68. Following the transaction, the executive vice president now directly owns 759,473 shares of the company’s stock, valued at $83,511,651.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, August 7th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $120.00, for a total value of $1,800,000.00.
• On Friday, July 5th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $142.98, for a total transaction of $2,144,700.00.
• On Thursday, June 20th, Christian Kleinerman sold 1,535 shares of Snowflake stock. The stock was sold at an average price of $125.93, for a total transaction of $193,302.55.

Snowflake Stock Up 0.6 %

Shares of Snowflake stock opened at $113.68 on Friday. The company’s 50-day simple moving average is $123.48 and its 200-day simple moving average is $142.73. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The firm has a market cap of $38.06 billion, a price-to-earnings ratio of -40.60 and a beta of 0.83.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The firm had revenue of $868.80 million during the quarter, compared to analysts’ expectations of $851.72 million. During the same quarter last year, the business earned ($0.52) earnings per share. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. Equities research analysts anticipate that Snowflake Inc. will post -2.42 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SNOW. Commerce Bank raised its position in shares of Snowflake by 0.8% in the fourth quarter. Commerce Bank now owns 6,138 shares of the company’s stock valued at $1,221,000 after buying an additional 51 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Snowflake by 0.5% in the 1st quarter. Park Avenue Securities LLC now owns 13,484 shares of the company’s stock worth $2,179,000 after purchasing an additional 70 shares during the period. Covestor Ltd raised its holdings in shares of Snowflake by 25.0% in the 1st quarter. Covestor Ltd now owns 350 shares of the company’s stock worth $57,000 after purchasing an additional 70 shares during the period. IAM Advisory LLC grew its holdings in shares of Snowflake by 2.0% during the 1st quarter. IAM Advisory LLC now owns 3,711 shares of the company’s stock worth $600,000 after purchasing an additional 74 shares during the period. Finally, Joseph P. Lucia & Associates LLC grew its holdings in shares of Snowflake by 2.6% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 2,958 shares of the company’s stock worth $478,000 after purchasing an additional 75 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNOW has been the subject of several recent analyst reports. Morgan Stanley restated an “equal weight” rating and set a $175.00 price objective on shares of Snowflake in a research report on Thursday, August 22nd. JMP Securities reduced their target price on Snowflake from $235.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Thursday, August 22nd. KeyCorp raised their price target on Snowflake from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Scotiabank cut their price objective on Snowflake from $195.00 to $165.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 22nd. Finally, Citigroup lowered their target price on Snowflake from $236.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $176.03.

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.