Snowflake Inc. (NYSE:SNOW – Get Free Report) EVP Christian Kleinerman sold 30,000 shares of Snowflake stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $120.00, for a total value of $3,600,000.00. Following the completion of the sale, the executive vice president now owns 721,755 shares in the company, valued at approximately $86,610,600. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Christian Kleinerman also recently made the following trade(s):
- On Monday, September 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The stock was sold at an average price of $111.41, for a total value of $95,924.01.
- On Tuesday, September 17th, Christian Kleinerman sold 3,029 shares of Snowflake stock. The stock was sold at an average price of $114.39, for a total value of $346,487.31.
- On Tuesday, September 10th, Christian Kleinerman sold 558 shares of Snowflake stock. The shares were sold at an average price of $109.96, for a total value of $61,357.68.
- 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.
Snowflake Price Performance
Shares of SNOW opened at $124.03 on Friday. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The firm has a market capitalization of $41.57 billion, a P/E ratio of -40.53 and a beta of 0.83. The business has a fifty day moving average of $116.35 and a 200 day moving average of $134.53.
Analyst Ratings Changes
A number of research firms have recently commented on SNOW. Morgan Stanley restated an “equal weight” rating and issued a $175.00 target price on shares of Snowflake in a research note on Thursday, August 22nd. Citigroup lowered their target price on Snowflake from $236.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Loop Capital lowered their target price on Snowflake from $225.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Canaccord Genuity Group lowered their price objective on Snowflake from $215.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, HSBC upgraded Snowflake from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $119.00 to $121.00 in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.74.
Read Our Latest Analysis on SNOW
Institutional Trading of Snowflake
Several hedge funds have recently bought and sold shares of SNOW. Accent Capital Management LLC bought a new stake in Snowflake during the fourth quarter valued at about $25,000. LRI Investments LLC lifted its position in shares of Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after acquiring an additional 112 shares in the last quarter. Wellington Shields Capital Management LLC purchased a new position in shares of Snowflake in the second quarter valued at about $27,000. Riverview Trust Co purchased a new stake in shares of Snowflake in the first quarter worth about $31,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Snowflake in the first quarter worth about $32,000. Institutional investors own 65.10% of the company’s stock.
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.
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