Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 1,500 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $156.38, for a total value of $234,570.00. Following the completion of the transaction, the executive vice president now directly owns 774,097 shares of the company’s stock, valued at $121,053,288.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 18th, Christian Kleinerman sold 12,636 shares of Snowflake stock. The shares were sold at an average price of $157.32, for a total value of $1,987,895.52.
• On Thursday, March 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The shares were sold at an average price of $161.94, for a total value of $242,910.00.
• On Wednesday, February 14th, Christian Kleinerman sold 1,500 shares of Snowflake stock. The stock was sold at an average price of $230.00, for a total value of $345,000.00.
• On Friday, February 9th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $230.00, for a total value of $2,300,000.00.
• On Monday, February 5th, Christian Kleinerman sold 10,000 shares of Snowflake stock. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00.
• 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 value of $2,100,000.00.

Snowflake Price Performance

SNOW opened at $148.80 on Thursday. The stock’s 50-day moving average price is $181.05 and its 200 day moving average price is $179.26. Snowflake Inc. has a 12-month low of $135.26 and a 12-month high of $237.72.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.05. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. The firm had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. Analysts expect that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SNOW shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $230.00 target price on shares of Snowflake in a research note on Thursday, February 29th. Piper Sandler reiterated an “overweight” rating and set a $250.00 price target on shares of Snowflake in a research report on Tuesday, February 27th. Rosenblatt Securities upgraded Snowflake from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Friday, April 5th. Stifel Nicolaus dropped their price target on Snowflake from $235.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Mizuho reiterated a “buy” rating and set a $205.00 price target (down from $255.00) on shares of Snowflake in a research report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $202.00.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently bought and sold shares of the stock. Accent Capital Management LLC acquired a new stake in Snowflake in the 4th quarter valued at about $25,000. Mango Five Family Inc. acquired a new stake in Snowflake in the 4th quarter valued at about $26,000. Ulland Investment Advisors LLC raised its position in Snowflake by 270.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Snowflake by 333.3% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Finally, Provence Wealth Management Group acquired a new stake in Snowflake in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

About Snowflake

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.