Insider Selling: Snowflake Inc. (NYSE:SNOW) CRO Sells 12,533 Shares of Stock

Snowflake Inc. (NYSE:SNOWGet Free Report) CRO Christopher William Degnan sold 12,533 shares of Snowflake stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $200.04, for a total transaction of $2,507,101.32. Following the transaction, the executive now directly owns 98,172 shares in the company, valued at $19,638,326.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Christopher William Degnan also recently made the following trade(s):

  • On Tuesday, January 23rd, Christopher William Degnan sold 2,346 shares of Snowflake stock. The stock was sold at an average price of $203.28, for a total transaction of $476,894.88.
  • On Wednesday, January 10th, Christopher William Degnan sold 3,800 shares of Snowflake stock. The stock was sold at an average price of $200.13, for a total transaction of $760,494.00.
  • On Thursday, December 14th, Christopher William Degnan sold 115,038 shares of Snowflake stock. The stock was sold at an average price of $200.53, for a total transaction of $23,068,570.14.

Snowflake Trading Down 0.9 %

Snowflake stock opened at $213.68 on Wednesday. The firm’s fifty day moving average price is $195.86 and its two-hundred day moving average price is $171.10. The firm has a market capitalization of $70.36 billion, a price-to-earnings ratio of -79.73 and a beta of 0.97. Snowflake Inc. has a 1-year low of $128.56 and a 1-year high of $220.67.

Snowflake (NYSE:SNOWGet Free Report) last announced its earnings results on Wednesday, November 29th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09. The company had revenue of $734.20 million during the quarter, compared to the consensus estimate of $713.75 million. Snowflake had a negative net margin of 33.35% and a negative return on equity of 14.46%. The firm’s revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.60) earnings per share. On average, research analysts forecast that Snowflake Inc. will post -1.72 EPS for the current year.

Institutional Trading of Snowflake

Several institutional investors and hedge funds have recently made changes to their positions in SNOW. Ulland Investment Advisors LLC raised its holdings in shares of Snowflake by 270.0% in the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 135 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Snowflake by 333.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Provence Wealth Management Group purchased a new stake in Snowflake during the third quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Snowflake by 54.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in Snowflake by 89.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock worth $31,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 63.74% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Snowflake from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, November 30th. Barclays downgraded shares of Snowflake from an “overweight” rating to an “equal weight” rating and set a $198.00 price target for the company. in a report on Friday, January 12th. Wells Fargo & Company upped their price target on shares of Snowflake from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, November 30th. JPMorgan Chase & Co. upped their price objective on shares of Snowflake from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 30th. Finally, Monness Crespi & Hardt cut shares of Snowflake from a “neutral” rating to a “sell” rating and set a $160.00 price target for the company. in a research report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $198.78.

Get 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.

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