Christian Kleinerman Sells 10,000 Shares of Snowflake Inc. (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOWGet Free Report) SVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the senior vice president now directly owns 736,567 shares of the company’s stock, valued at approximately $162,044,740. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, January 24th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $210.00, for a total transaction of $2,100,000.00.
  • On Tuesday, January 16th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $190.00, for a total transaction of $285,000.00.
  • On Thursday, December 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $198.57, for a total value of $297,855.00.
  • On Tuesday, November 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $164.75, for a total transaction of $247,125.00.

Snowflake Stock Performance

SNOW opened at $218.22 on Thursday. Snowflake Inc. has a one year low of $128.56 and a one year high of $220.67. The company has a market capitalization of $71.86 billion, a PE ratio of -81.42 and a beta of 0.97. The stock’s fifty day moving average is $196.71 and its 200-day moving average is $171.43.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Snowflake from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 30th. Capital One Financial raised Snowflake from an “equal weight” rating to an “overweight” rating and set a $195.00 price target for the company in a research report on Wednesday, November 8th. Piper Sandler raised their price objective on Snowflake from $220.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Mizuho boosted their target price on Snowflake from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, November 30th. Finally, Oppenheimer raised their price target on shares of Snowflake from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $198.78.

Read Our Latest Research Report on SNOW

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Snowflake by 4.0% during the third quarter. Vanguard Group Inc. now owns 19,428,890 shares of the company’s stock worth $2,968,152,000 after acquiring an additional 743,211 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Snowflake by 5.0% during the second quarter. BlackRock Inc. now owns 14,088,422 shares of the company’s stock worth $2,479,280,000 after buying an additional 674,196 shares during the last quarter. Jennison Associates LLC boosted its holdings in Snowflake by 19.5% in the 2nd quarter. Jennison Associates LLC now owns 7,399,711 shares of the company’s stock valued at $1,302,201,000 after purchasing an additional 1,206,014 shares during the period. FMR LLC lifted its stake in shares of Snowflake by 32.1% in the third quarter. FMR LLC now owns 6,154,085 shares of the company’s stock valued at $940,160,000 after buying an additional 1,496,235 shares during the period. Finally, State Street Corp grew its holdings in shares of Snowflake by 3.0% during the 2nd quarter. State Street Corp now owns 5,953,850 shares of the company’s stock worth $1,047,759,000 after purchasing an additional 170,914 shares in the last quarter. 63.74% of the stock is currently owned by institutional investors and hedge funds.

About Snowflake

(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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Insider Buying and Selling by Quarter for Snowflake (NYSE:SNOW)

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